Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 5th, 2016
Benefits & Administration
Use of In-Plan Income Solutions Poised for Growth
With plenty of nudges from the government and increasing concern about participant retirement readiness, now is the time to consider in-plan guaranteed income solutions.Read more >
Small Businesses Plan to Increase Retirement Offerings
A positive economic outlook and implications of the ACA have small-business owners focusing more on retirement benefits.Read more >
Nearly three-quarters of American households expressed confidence in the ability of 401(k) and other defined contribution (DC) plan accounts to help individuals meet their retirement goals, a new Investment Company Institute (ICI) survey finds. Households oppose changing tax incentives for retirement saving.Read more >
Delay on Catch-Up Provision Allows Employers to Explore Optional SECURE 2.0 Features
Pension Plans of Kellogg, Kohler and FedEx Sued For Outdated Calculations   
Federal Judge Rejects One of Two Challenges to DOL ESG Rule
Products, Deals and People
Firms Team Up to Provide Pension Risk Services
Independent investment advisory Rocaton Investment Advisors is partnering with Penbridge Advisors, a specialist pension information and advisory services firm, to provide corporate sponsors of U.S. defined benefit plans (DB) with “comprehensive analysis and advice for pension risk management, liability-driven investing and pension risk transfer (PRT).”Read more >
Economic Events

New orders for manufactured durable goods in December, down four of the last five months, decreased $11.8 billion or 5.0% to $225.6 billion, up from the previously published 5.1% decrease, the Census Bureau announced. This followed a 0.5% November decrease. Transportation equipment, also down four of the last five months, led the decrease, $10.2 billion or 12.6% to $71.2 billion. New orders for manufactured nondurable goods decreased $1.7 billion or 0.8% to $230.9 billion.

In the week ending January 30, the advance figure for seasonally adjusted initial claims for unemployment insurance was 285,000, an increase of 8,000 from the previous week’s revised level, the Labor Department reported. The four-week moving average was 284,750, an increase of 2,000 from the previous week’s revised average.

The average interest rate for a 30-year fixed-rate mortgage is 3.72%, down from 3.79% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.01%, down from 3.07%.
Market Mirror

Major U.S. stock indices made little gains Thursday as investors await Friday’s jobs report from the Bureau of Labor Statistics. The Dow climbed 79.92 points (0.49%) to 16,416.58, the NASDAQ was up 5.32 points (0.12%) at 4,509.56, and the S&P 500 increased 3.64 points (0.19%) to 1,916.17. The Russell 2000 gained 4.49 points (0.44%) to finish at 1,014.78, and the Wilshire 5000 closed 42.63 points (0.22%) higher at 19,552.02.

On the NYSE, 3.1 billion shares changed hands, with 1.8 advancing issues for every declining issue. On the NASDAQ, 2.7 billion shares traded, with a 1.4 to 1 ratio of advancers to decliners.

The price of the 10-year Treasury note was up 11/32, decreasing its yield to 1.852%. The price of the 30-year Treasury bond increased 19/32, bringing its yield down to 2.685%.
Partial TDF Use Could Hinder Good Outcomes
A recent report from Voya Investment Management contains a trove of fresh insights into the behaviors and preferences of target-date fund investors, including “partial” TDF users who may be selling themselves short.Read more >
Analysis Shows Benefit of Long-Term Investing View
A Fidelity Investments analysis indicates 401(k) investors who stuck with equity allocations after the 2008 financial crisis fared better than those who didn’t.Read more >
Small Talk

ON THIS DATE: In 1783, Sweden recognized the independence of the United States. In 1861, Samuel Goodale patented the moving picture peep show machine. In 1952, in New York City, four signs were installed at 44th Street and Broadway in Times Square that told pedestrians “don’t walk.” In 1953, the Walt Disney’s film “Peter Pan” opened at the Roxy Theatre in New York City. In 1972, Bob Douglas became the first black man elected to the Basketball Hall of Fame in Springfield, Massachusetts. In 1994, white separatist Byron De La Beckwith was convicted in Jackson, Mississippi, of the 1963 murder of civil rights leader Medgar Evers. In 1997, investment bank Morgan Stanley announced a $10 billion merger with Dean Witter.


And now it’s time for FRIDAY FILES!
What makes one chicken’s egg twice the size of another egg? What’s inside.Read more >
Uses for binder clips.Read more >
In Barry Island, South Wales, a weather reporter was in the midst of a fierce storm when a fish hit her in the face. Video.Read more >

In Pascagoula, Mississippi, about 350 residents were sent jury summonses that instructed them to call a phone number to find out if they needed to show up for jury selection. However, when they called, they instead heard a recorded message saying, “For hot girls, press 1. For hot guys, press 2.” The Daily Mix reports the clerk’s office has apologized for sending the residents a phone s.ex hotline.

In Stapleford, Nottinghamshire, England, owners of a cat have been distraught since their 9-month-old pet disappeared in 2014. However, workers at a pet store two miles away from the cat owners recently became suspicious when they noticed treats starting disappearing. According to the UK’s Mirror, they placed a trail of kitty treats leading up to a basket suspended over a pressure pad which would cause it drop leaving the culprit inside. That’s when they found the runaway cat, now 2 years old and double its size. “He seems fine now. He definitely recognizes us, he’s just fatter now,” the owners said.

In Kilgore, Texas, a man went into Taco Bueno and filled out an employment application. As he left, a customer, who had left his car running, was coming in to fix an incorrect order. The job applicant then jumped into the running car and took off with it. The local ABC News station reported that the manager at Taco Bueno provided contact information for the thief to police taken from his job application. The thief was arrested. “Who goes and applies for a job and then steals a car in the parking lot?” asked Roman Roberson with the Kilgore Police Department.

Have a wonderful weekend, everyone!
Share the good news with a friend! Pass the NewsDash along – and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer


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