Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 22nd, 2017
2017 Best in Class 401(k) Plans
PLANSPONSOR Announces 2017 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the third “class” of companies winning the Best in Class 401(k) Plan designation. Recipients of the 2017 designation were selected from the 3,381 401(k) plans that responded to the 2016 PLANSPONSOR Defined Contribution (DC) Survey. Read more >
Benefits & Administration
Parents and grandparents are keeping their sights on their retirement needs as well as raising their children—and to do so, they are willing to forgo treating themselves to life’s little luxuries, according to the TD Ameritrade Parents and Grandparents Retirement Survey. However, many have tapped into their retirement savings to help their families out. Read more >
MOST READ ARTICLES
1
J.P. Morgan Agrees to Settle Stable Value Funds Suit
2
SECURE Act Passes House, Bringing Calls for Senate Collaboration
3
Individuals, Employers and Government All Play a Part in Retirement Readiness
4
Participant Loans: A Fiduciary Storm Brewing?
5
What to Know About Financial Audits Filed with Form 5500s
Households with people between the ages of 65 and 74 spend very different amounts, depending on where they live, according to new research by the Employee Benefit Research Institute (EBRI). However, nationally, average spending for retirees declines with age. Read more >
Multiemployer Plans Have Some Successes
Account balances in multiemployer DC plans have grown, and the funded percentage of multiemployer DB plans has improved, a study shows. Read more >
Products, Deals and People
Groom Law Offers Plan Document Compliance Service
Groom Law Group announced it will offer plan sponsors a practical solution for maintaining Internal Revenue Service (IRS)-compliant retirement plan documents now that the IRS is no longer issuing periodic determination letters. Read more >
Market Mirror

Tuesday, the Dow climbed 118.95 points (0.58%) to 20,743.00, the NASDAQ closed 27.37 points (0.47%) higher at 5,865.95, and the S&P 500 increased 14.22 points (0.60%) to 2,365.38. The Russell 2000 was up 10.48 points (0.75%) at 1,410.34, and the Wilshire 5000 gained 148.73 points (0.61%) to finish at 24,720.29.

On the NYSE, 3.1 billion shares changed hands, with advancing issues outnumbering declining issues more than 2 to 1. On the NASDAQ, 2.9 billion shares traded, with a 1.4 to 1 ratio of advancers to decliners.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.428%. The price of the 30-year Treasury bond decreased 10/32, bringing its yield up to 3.040%.

Compliance
To help increase awareness and understanding about basic fiduciary responsibilities when operating a retirement or health benefit plan, the Department of Labor is presenting the Getting It Right – Know Your Fiduciary Responsibilities webcast series. The webcast series is being presented in three sessions. Attendees can register for all sessions or for individual sessions. Read more >
Court Victories Add to Confusion Over Fate of Fiduciary Rule
Though courts are supporting the Department of Labor (DOL), actions from the Trump administration may mean those victories do not matter. Read more >
Ask the Experts
What Is Includible Compensation for 403(b) Plans?
“I noticed in a recent Ask the Experts column you mentioned a special ‘includible compensation’ definition that was unique to 403(b) plans. Our hospital sponsors a 403(b) plan, but I must admit that I am unfamiliar with the term. Can you explain what ‘includible compensation’ is?” Read more >
Industry Voices
Choice and annuities are critical components of retirement plans for higher education employees, argues Larry Edward Penley, Ph.D., president of Penley Consulting, LLC. Read more >
Small Talk

ON THIS DATE: In 1630, Quadequine introduced popcorn to English colonists at their first Thanksgiving dinner. In 1819, Spain ceded Florida to the United States. In 1855, the U.S. Congress voted to appropriate $200,000 for continuance of the work on the Washington Monument. The next morning, the resolution was tabled and it would be 21 years before the Congress would vote on funds again. Work was continued by the Know-Nothing Party in charge of the project. In 1859, U.S. President Buchanan approved the Act of February 22, 1859, which incorporated the Washington National Monument Society “for the purpose of completing the erection now in progress of a great National Monument to the memory of Washington at the seat of the Federal Government.” In 1865, Tennessee adopted a new constitution that abolished slavery. In 1879, in Utica, New York, Frank W. Woolworth opened his first 5 and 10-cent store. In 1885, the Washington Monument was officially dedicated in Washington, D.C. It opened to the public in 1889. In 1924, U.S. President Calvin Coolidge delivered the first presidential radio broadcast from the White House. In 1973, the U.S. and Communist China agreed to establish liaison offices. In 1997, Scottish scientist Ian Wilmut and colleagues announced that an adult sheep had been successfully cloned. Dolly was actually born on July 5, 1996. Dolly was the first mammal to have been successfully cloned from an adult cell.

 

WEDNESDAY WISDOM: “We consume our tomorrows fretting about our yesterdays.”— Aulus Persius Flaccus, Roman poet

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

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

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