Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 28th, 2017
Benefits & Administration
Baby Boomers Adjusted Retirement Expectations Post Recession
A decade after the recession of 2007, more than half of Baby Boomers feel they have not benefitted from any recovery, according to a new study by the Center for a Secure Retirement (CSR). More Boomers feel they will rely on Social Security in retirement than before the recession.Read more >
Employees Feel Less Secure About Finances and Saving for Retirement
Concerns about financial security have the greatest impact on employees’ feelings of overall well-being, according to findings from the Fourth Annual Guardian Workplace Benefits Study. The study suggests progress on a variety of personal financial goals appears to have taken a negative turn in the past two years, including saving enough for retirement. Generation X and single parents are feeling particularly strapped.Read more >
EARN Act Clears Senate Finance Committee
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
Data and Research
K-12 Educators Prefer Advisers for Retirement Planning
Americans’ Savings Efforts Have Worsened
Two-fifths (38%) of American households feel they are making good or excellent progress in meeting their savings needs, the 10th annual America Saves Week survey found, while more than one in four (27%) aren’t making any progress at all.Read more >
The Challenge in Lowering Public Pensions’ Return Assumptions
Public plans that reduce their return assumption in the face of diminished near-term projections will experience an immediate increase in unfunded liabilities and required costs, according to NASRA.Read more >
Sponsored message from Custodia Financial
Future Shock: The Retirement Loan Default Crisis
Thomas Schendt, Partner, Alston & Bird LLP, has two words for plan sponsors: Retirement Leakage. Loan protection prevents defaults, reduces fiduciary risk and improves retirement outcomes.Read more >
Economic Events
New orders for manufactured durable goods in January increased $4.0 billion or 1.8% to $230.4 billion, the U.S. Census Bureau announced. This increase, up following two consecutive monthly decreases, followed a 0.8% December decrease. Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders increased 1.5%. Transportation equipment, also up following two consecutive monthly decreases, drove the increase, up $4.3 billion or 6.0% to $76.4 billion.
Market Mirror

Yesterday, the Dow was up 15.68 points (0.08%) at 20,837.44, the NASDAQ gained 16.59 points (0.28%) to finish at 5,861.90, and the S&P 500 increased 2.39 points (0.10%) to 2,369.73. The Russell 2000 climbed 8.04 points (0.57%) to 1,407.90, and the Wilshire 5000 closed 44.90 points (0.18%) higher at 24,734.83.

On the NYSE, 3.1 billion shares traded, with 3 advancing issues for every 2 declining issues. On the NASDAQ, 2.9 billion shares changed hands, with a 1.8 to 1 ratio of advancers to decliners.

The price of the 10-year Treasury note decreased 14/32, bringing its yield up to 2.365%. The price of the 30-year Treasury bond fell 19/32, increasing its yield to 2.983%.
What the IRS Will Look for When Reviewing Hardship Distributions
A memorandum issued to Internal Revenue Service (IRS) Employee Plans (EP) Examinations employees sets forth standards for examining whether a section 401(k) plan hardship distribution is “deemed to be on account of an immediate and heavy financial need” under safe-harbor standards set out in the Income Tax Regulations.Read more >
Small Talk
ON THIS DATE: In 1827, the Baltimore & Ohio Railroad became the first railroad incorporated for commercial transportation of people and freight. In 1854, the Republican Party was organized in Ripon, Wisconsin. About 50 slavery opponents began the new political group. In 1861, the U.S. territory of Colorado was organized. In 1883, the first vaudeville theater opened. In 1885, AT&T (American Telephone and Telegraph) was incorporated. In 1911, Thomas A. Edison, Inc. was organized. In 1940, the first televised basketball game was shown. The game featured Fordham University and the University of Pittsburgh from Madison Square Gardens in New York. In 1953, in a Cambridge University laboratory, scientists James D. Watson and Francis H.C. Crick discovered the double-helix structure of DNA. In 1956, a patent was issued to Forrester for a computer memory core. In 1974, the U.S. and Egypt re-established diplomatic relations after a break of seven years. In 1979, Mr. Ed, the talking horse from the TV show “Mr. Ed,” died. In 1983, “M*A*S*H” became the most watched television program in history when the final episode aired. In 1993, U.S. Federal agents raided the compound of an armed religious cult in Waco, Texas. The ATF had planned to arrest the leader of the Branch Davidians, David Koresh, on federal firearms charges. Four agents and six Davidians were killed, and a 51-day standoff followed.
TRIVIAL PURSUITS: From where did the phrase ‘Beam me up, Scotty’ originate?Read more >
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Editorial: Alison Cooke Mintzer


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