Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 3rd, 2016
Benefits & Administration
Formal Written Retirement Plan Increases Confidence
A new LIMRA Secure Retirement Institute study finds that pre-retirees and retirees (ages 55 to 75 with financial assets of $100,000 or more) who have a formal written retirement plan are more likely to feel more confident they are saving enough for retirement and more than twice as likely to feel very prepared for retirement than those without one.Read more >
Student Loan Debt Pushes Up Retirement Risk
If today’s working-age households had the same level of student debt as those recently leaving college, an additional 4.6% would be at risk of having inadequate income in retirement, researchers found.Read more >
Delta Pilots Emergency Savings Program
TIAA Class Action Reversal May Impose Significant Procedural Hurdle for Future Cases
Ask the Experts
How Does SECURE 2.0 Affect The Due Date for SECURE and CARES Act Plan Amendments?
Institutional pension fund assets in the U.S. totaled $21.7 trillion at the end of 2015, a slight dip from the previous year’s record of $22.1 trillion, according to Willis Towers Watson’s Global Pension Assets Study. Defined contribution (DC) assets now represent more than 48% of global retirement assets.Read more >
Retirement Plans the Door to Investing for African-Americans
Seven in 10 African-American investors cite workplace retirement plans as a contributing reason for becoming an investor.Read more >
Products, Deals and People
T. Rowe Price Enhances Participant Web Experience
T. Rowe Price has officially launched a redesigned Workplace Retirement site for its nearly 2 million plan participants, aimed at increasing retirement readiness.Read more >
Market Mirror

Another steep drop in the price of oil weighed on global markets Tuesday, and investors remained deeply concerned about the global economy following this week’s disappointing Chinese and U.S. manufacturing data, according to the Associated Press. The Dow plunged 295.64 points (1.80%) to 16,153.54, the NASDAQ lost 103.42 points (2.24%) to finish at 4,516.95, and the S&P 500 closed 36.35 points (1.87%) lower at 1,903.03. The Russell 2000 fell 23.55 points (2.28%) to 1,008.83, and the Wilshire 5000 plummeted 384.45 points (1.94%) to 19,416.05.

On the NYSE, 3.1 billion shares traded, and on the NASDAQ, 2.7 billion shares changed hands, with declining issues outnumbering advancing issues nearly 4 to 1 on both exchanges.

The price of the 10-year Treasury note increased 29/32, bringing its yield down to 1.852%. The price of the 30-year Treasury bond climbed 2 5/32, decreasing its yield to 2.661%.
Investors’ Views About TDFs Have Evolved
New data from Voya shows TDF investors have grown in sophistication and are embracing a deeper definition of diversification.Read more >
Small Talk
Today’s employees spend less time “on the clock” involved with digital distractions than with traditional distractions, according to a survey by BambooHR. And contrary to conventional wisdom, frontline employees aren’t the ones spending the most time wrapped up in these common distractions—across the board, senior leadership indulges more. Twenty percent of employees think workplace distractions consistently hinder their workplace performance and efficiency, while 18% feel they enhance it.Read more >

ON THIS DATE: In 1690, the first paper money in America was issued by the Massachusetts colony. The currency was used to pay soldiers who were fighting in the war against Quebec. In 1783, Spain recognized the independence of the United States. In 1809, the territory of Illinois was created. In 1913, the 16th Amendment to the U.S. Constitution was ratified. It authorized the power to impose and collect income tax. In 1927, the Federal Radio Commission was created by a bill signed by U.S. President Calvin Coolidge. In 1972, the first Winter Olympics in Asia were held at Sapporo, Japan. In 2009, Eric Holder was sworn in as U.S. Attorney General. He was the first African-American to hold the post.


WEDNESDAY WISDOM: “Power is like being a lady… if you have to tell people you are, you aren’t.”—Margaret Thatcher, former British Prime Minister
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Editorial: Alison Cooke Mintzer


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