Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 27th, 2018
Benefits & Administration
Workers Say Benefits Give Them a Sense of Financial Security
Fifty-eight percent of middle-income workers, those with household incomes of between $35,000 and $150,000, say they feel more financially secure because of workplace benefits, according to the MassMutual Workplace Benefits Study, based on a survey of 1,010 working Americans conducted by Greenwald & Associates. Among those in households with incomes between $70,000 and $150,000, 65% say they feel more secure because of workplace benefits, but this is only true for 42% of those with incomes of less than $45,000. MassMutual says this may indicate a need for more financial education in the workplace. Read more >
DC Plan Sponsors Making Great Strides on Their Retirement Plans
With concerns about retirement readiness growing, defined contribution (DC) plan sponsors are turning to automatic features, increasing their contributions, streamlining their investment menus and improving fee transparency. Read more >
Future Still Offers Incentives for Accelerating Pension Funding
Defined benefit (DB) plan sponsors were already accelerating funding to their plans before tax reform gave them a greater incentive to do so, and doing so in the future will still be a benefit. However, the benefits of accelerated funding will be lost if plan sponsors do not employ strategies to lock in their gains. Read more >
Products, Deals and People
RBC Offers Guide to Retirement Health Cost Planning
Because most Americans are unprepared for health care costs in retirement, RBC Wealth Management—U.S. has issued a guide to help them, titled, Taking Control of Health Care in Retirement. 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
House Members Appointed to Multiemployer Pensions Committee
House Leader Paul Ryan and Democratic Leader Nancy Pelosi name their appointees, and Senator Sherrod Brown (D-Ohio) announced he was named co-chair of the committee; however, there were no press releases at the time of publication announcing other Senate appointees. Read more >
Economic Events

Sales of new single-family houses in January were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8% below the revised December rate of 643,000 and is 1.0% below the January estimate of 599,000.

Market Mirror

Yesterday, the Dow climbed 399.28 points (1.58%) to 25,709.27, the NASDAQ closed 84.07 points (1.15%) higher at 7,421.46, and the S&P 500 gained 32.30 points (1.18%) to finish at 2,779.60. The Russell 2000 was up 10.15 points (0.65%) at 1,559.33, and the Wilshire 5000 increased 299.34 points (1.05%) to 28,709.44.

 

The prices of the 10-year Treasury note and the 30-year Treasury bond each were up 1/32, decreasing their yields to 2.863% and 3.155%, respectively.

Compliance
Appellate Court Orders Dismissal of Fee Case Against Transamerica
Just as another court did in a similar complaint against John Hancock, brought by the same plaintiffs, the 9th Circuit ultimately found Transamerica was not acting as a fiduciary when negotiating fees and collecting those fees. Read more >
Small Talk

ON THIS DATE: In 1801, the city of Washington, D.C., was placed under congressional jurisdiction. In 1827, New Orleans held its first Mardi Gras celebration. In 1922, the U.S. Supreme Court upheld the 19th Amendment that guaranteed women the right to vote. In 1951, the 22nd Amendment to the U.S. Constitution was ratified, limiting U.S. Presidents to two terms. In 1974, “People” magazine was first issued by Time-Life (later known as Time-Warner). In 1986, the U.S. Senate approved the telecast of its debates on a trial basis. In 1990 – The Exxon Corporation and Exxon Shipping were indicted on five criminal counts in reference to the 1989 Exxon Valdez oil spill. 1997 – Don Cornelius received a star on the Hollywood Walk of Fame. 1998 – Britain’s House of Lords agreed to give a monarch’s first-born daughter the same claim to the throne as any first-born son. This was the end to 1,000 years of male preference.

 

 

No TRIVIAL PURSUITS this week.

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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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