Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 21st, 2018
Benefits & Administration
New 401k Averages Book Continues to Show Larger Plans Pay Lower Fees
The 18th Edition 401k Averages Book shows 401(k) total plan costs declined for most size plans. Scenarios with 200 or more participants saw a decrease in total plan costs from last year. The latest book was expanded to include 401(k) fee information on plans with large participant account balances. It continues to show larger plans pay lower fees. Read more >
Research Suggests Most Retirees Able to Absorb Financial Shocks
At a high level, researchers from the Center for Retirement Research at Boston College conclude that “most current retirees can absorb a shock.” However, they warn in no uncertain terms how future retirees are more likely to experience financial fragility, unless they dramatically reduce their fixed expenses or draw increased income from their assets. Read more >
Segal Group Warns DB Plan Sponsors Not to Stray From Mortality Assumptions
The latest federal government report from the National Center for Health Statistics (NCHS) shows that life expectancy at birth declined for the second consecutive year, which could tempt defined benefit (DB) plan sponsors to conclude the latest data is good news for pension plan costs, according to Segal Consulting. However, the firm notes that DB plan sponsors should look beyond the headlines, as life expectancy continues to improve for retirement-age Americans. Read more >
MOST READ ARTICLES
1
Adidas Sued Over Excessive Fees for 401(k) Participants
2
(b)lines Ask the Experts – Proper Delivery Method for SPDs
3
Yale Sued Over Wellness Program ‘Penalty’
4
Employees in Two States Miss Out on One HSA Benefit
5
Some Help for Women’s Retirement Savings Gap May Be Coming
Study Suggests Annuity Ownership Increases Retirement Confidence
Seventy-three percent of retirees who own an annuity believe they will be able to live the retirement lifestyle they want, compared to 64% of retirees who do not own an annuity, the LIMRA Secure Retirement Institute found through a survey of 2,025 retirees. The research also found that retirees and pre-retirees who have a formal retirement plan are three times as likely to feel they are very prepared for retirement. Read more >
Products, Deals and People
Voya Increases Reach to Asian-American Market
In addition to unveiling its new Chinese name, Voya has been running commercials in Mandarin on Chinese television stations in a number of select U.S. cities. Read more >
Market Mirror

Tuesday, the Dow fell 254.63 points (1.01%) to 24,964.75, the NASDAQ was down 5.16 points (0.07%) at 7,234.31, and the S&P 500 decreased 15.96 points (0.58%) to 2,716.26. The Russell 2000 closed 13.56 points (0.88%) lower at 1,529.99, and the Wilshire 5000 lost 149.99 points (0.53%) to finish at 28,187.63.

 

The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.881%. The price of the 30-year Treasury bond decreased 11/32, bringing its yield up to 3.152%.

Compliance
Court Dismisses Case Relating to Acquisition of Retirement Plan
In a case in which Siemens Corporation transferred retirement plan obligations to the acquirer of one of its business divisions, an appellate court found the plaintiff did not allege an injury in some counts and failed to state a claim in one count. One point the appellate court clearly noted is that the plaintiff did not allege that the new company failed to pay him any benefits he was owed. Read more >
Small Talk
Many job postings close with a statement indicating salary is negotiable, but according to a survey from global staffing firm Robert Half, only 39% of workers tried to negotiate a higher salary with their last job offer. However, the percentage increases for men and younger workers. Read more >

ON THIS DATE: In 1842, John J. Greenough patented the sewing machine. In 1848, the Communist Manifesto was published by Karl Marx and Friedrich Engels. In 1858, the first electric burglar alarm was installed in Boston, Massachusetts. In 1866, Lucy B. Hobbs became the first woman to graduate from a dental school. The school was the Ohio College of Dental Surgery in Cincinnati. In 1878, the first telephone directories issued in the U.S. were distributed to residents in New Haven, Connecticut. It was a single page of only fifty names. In 1925, the first issue of “The New Yorker” was published. In 1947, Edwin Land demonstrated the Polaroid Land Camera to the Optical Society of America in New York City. It was the first camera to take, develop and print a picture on photo paper all in about 60 seconds. The photos were black and white. The camera went on sale the following year. In 1965, Malcolm X was assassinated in New York City at the age of 39 by assassins identified as Black Muslims. In 1968, an agreement between baseball players and club owners increased the minimum salary for major league players to $10,000 a year. In 1995, Chicago stockbroker Steve Fossett became the first person to fly solo across the Pacific Ocean in a balloon. He landed in Leader, Saskatchewan, Canada.

 

 

WEDNESDAY WISDOM: “Blessed are the young for they shall inherit the national debt.”—Herbert Hoover

Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy. Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund