Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 4th, 2016
2016 PLANSPONSOR Service Stars
2016 PLANSPONSOR Service Stars
The PLANSPONSOR Service Star program aims to recognize individual retirement plan account reps and relationship managers who, in the words of their clients, have demonstrated not merely excellent, but exemplary service over the past year. Derived from PLANSPONSOR’s 2015 Defined Contribution (DC) Survey, the individuals were chosen by the PLANSPONSOR Surveys & Research team. We culled through more than 600 written client comments, wherein we asked plan sponsors to single out their reps by name (if warranted) and give examples of specific instances where the rep went above and beyond just “great customer service.” From these nominations, PLANSPONSOR recognizes 11 “Service Star” teams/individuals in 2016.Read more >
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2021 DC Plan Benchmarking Survey
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TRIVIAL PURSUITS: Residents of the Island of Misfit Toys
Benefits & Administration
Millennials Working on Financial Goals, but Not Retirement
The large majority (82%) of Millennials (ages 18 to 34) deposit money toward their investment goals on a regular, scheduled basis throughout the year—far more consistently than their older counterparts, according to financial services firm Scottrade, Inc.’s 2016 American Investor Report. However, saving for education and home ownership are competing priorities for Millennials when it comes to retirement planning. The No. 1 reason Millennials invest is to have an emergency/“rainy day” fund.Read more >
Gen X Are the Most Worried About Retirement
Competing financial priorities are making Generation X far less confident than other generations that they will be able to make ends meet in retirement.Read more >
Sponsored message from SEI
How are your peers responding to the evolving landscape for DC plans?
SEI recently conducted a survey of 230 plan sponsors gauging current perspectives around plan design, target date investing, and governance. Request your advanced copy of the results today.Read more >
Market Mirror

Wednesday, the Dow climbed 183.12 points (1.13%) to 16,336.66, the NASDAQ fell 12.71 points (0.28%) to 4,504.24, and the S&P 500 closed 9.50 points (0.50%) higher at 1,912.53. The Russell 2000 increased by 1.46 (0.14%) to 1,010.29, and the Wilshire 5000 gained 93.34 points (0.48%) to finish at 19,509.39.

On the NYSE, 3.1 billion shares traded, with 1.7 advancing issues for every declining issue. On the NASDAQ, 2.7 billion shares changed hands, with a slight lead for decliners.

The price of the 10-year Treasury note was down 8/32, increasing its yield to 1.880%. The price of the 30-year Treasury bond decreased 1 0/32, bringing its yield up to 2.708%.
Compliance
Retiree Health Benefits Dispute Remanded Again
Tackett v. M&G Polymers, an argument about whether retirees were vested in contribution-free health care benefits for life, has been remanded to the U.S. District Court for the Southern District of Ohio. The case has been bounced back and forth between courts like a ping pong ball since 2007, when retirees of M&G Polymers filed suit against their former employers. The 6th U.S. Circuit Court of Appeals wants the district court to reconsider the challenge in light of a Supreme Court decision about the case.Read more >
The U.S. Department of Labor (DOL) filed a lawsuit against the International Association of Machinists National Pension Fund and its board of trustees for multiple violations of the Employee Retirement Income Security Act (ERISA).Read more >
Barry’s Pickings Online
Barry’s Pickings Online: Let’s Start with Your Best Price
Michael Barry, president of the Plan Advisory Services Group, says right now, retirement plan sponsor fiduciaries negotiating fees are generally at an information disadvantage.Read more >
Investing
Institutional assets tracked by the Wilshire Trust Universe Comparison Service (Wilshire TUCS), saw the first negative calendar year since the financial crisis, with a median return of -0.17%.Read more >
Small Talk
ON THIS DATE: In 1783, Britain declared a formal cessation of hostilities with its former colonies, the United States of America. In 1789, electors unanimously chose George Washington to be president of the United States. In 1824, J.W. Goodrich introduced rubber galoshes to the public. In 1847, in Maryland, the first U.S. Telegraph Company was established. In 1861, delegates from six southern states met in Montgomery, Alabama, to form the Confederate States of America. In 1932, the first Winter Olympics were held in the United States at Lake Placid, New York. In 1941, the United Service Organizations (USO) was created. In 1957, Smith-Corona Manufacturing Inc., of New York, began selling portable electric typewriters. The first machine weighed 19 pounds. In 1964, the Administrator of General Services announced that the 24th Amendment to the U.S. Constitution had been ratified. The amendment banned the poll tax. In 1997, a civil jury in California found O.J. Simpson liable in the death of his ex-wife Nicole Brown Simpson and Ron Goldman. Goldman’s parents were awarded $8.5 million in compensatory damages. In 2003, Yugoslavia was formally dissolved by lawmakers. The country was replaced with a loose union of its remaining two republics, Serbia and Montenegro. In 2004, the social networking website Facebook.com was launched.
SURVEY SAYS: Valentine’s Day is approaching. While it is a time for those who have a current love to focus on that person and express how you feel, I thought it would be interesting to reflect on your first love. So this week, I’d like to know, when was your first love? You may respond to this week’s survey by 6 p.m. Pacific time today.Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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