Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 6th, 2018
Benefits & Administration
Gen X Says Advice Would Be Helpful for Retirement Savings
Asked whether advice would be helpful in achieving various financial goals, 63% of Gen Xers surveyed by T. Rowe Price said it would be helpful for saving for retirement in a workplace plan. They would like advice to be flexible in terms of when they can access it, to be personalized to their particular financial situation, to fit into their work schedule, and to educate them about how best to achieve their financial objectives.Read more >
U.S. Retirement Market One of Two Dominated by DC Plans
Willis Towers Watson’s Thinking Ahead Institute’s 2018 Global Pension Assets Study also found the U.S. retirement market has a greater propensity towards home bias in investing than other countries.Read more >
Concerns and Priorities Competing for Plan Sponsors’ Time and Effort
OneAmerica survey results would suggest that retirement plan sponsor concerns are distinct from their priorities, but Melissa Musial, marketing research and data manager, retirement services, at OneAmerica in Wauwatosa, Wisconsin, says the two items are competing, but equally as important to plan sponsors. Lorie Latham, senior defined contribution strategist for T. Rowe Price’s Global Investment Services (GIS) division, based in Baltimore, Maryland, says she is seeing concerns and priorities merge together a little bit. For plan sponsors having trouble managing concerns dictated by rules and regulations, while also addressing priorities for their retirement plan, that’s where providers come in.Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
The Odds Are Split for Senate SECURE Act Passage This Year
3
Pension Risk Transfer Appetite Is Unabated
4
Congressional Leaders Want SECURE Act Passage in 2019
5
Why Americans Need the SECURE Act
Products, Deals and People
Transamerica Connects Physical and Financial Health With Wellbeing Brand
Coupling fitness and daily exercise to retirement income, Transamerica has revealed their Wealth + Health brand, aimed at connecting participants’ physical well-being to financial security. The recently launched brand provides health and financial resources on Transamerica’s online site, including savings and fitness; budgeting and nutrition; protection and prevention; and debt and stress.Read more >
Steidle Announces 403(b) Plan Administration Fee
Steidle Pension Solutions’ (SPS) 403(b) services include calculations, plan valuations, document services, Form 5500 and other services.Read more >
Market Mirror

Yesterday, the Dow plunged 1,175.21 points (4.60%) to 24,345.75, the NASDAQ dropped 273.42 points (3.78%) to 6,967.53, and the S&P 500 lost 113.19 points (4.10%) to finish at 2,648.94. The Russell 2000 closed 56.18 points (3.63%) lower at 1,491.09, and the Wilshire 5000 plummeted 1,125.55 points (3.93%) to 27,490.81.

 

The price of the 10-year Treasury note increased 1 4/32, bringing its yield down to 2.707%. The price of the 30-year Treasury bond dropped 1 19/32, decreasing its yield to 3.003%.
Compliance
Employee Convicted of Embezzling $120K from 401(k) Plan
A former office manager of New England Anesthesiologists, Inc. has been sentenced to 37 months in federal prison and to pay restitution to his victims.Read more >
Small Talk
ON THIS DATE: In 1778, the United States gained official recognition from France as the two nations signed the Treaty of Amity and Commerce and the Treaty of Alliance in Paris. In 1788, Massachusetts became the sixth state to ratify the U.S. Constitution. In 1899, the U.S. Senate ratified a peace treaty between the U.S. and Spain. In 1911, the first old-age home for pioneers opened in Prescott, Arizona. In 1926, the National Football League adopted a rule that made players ineligible for competition until their college class graduated. In 1933, the 20th Amendment to the Constitution was declared in effect. The amendment moved the start of presidential, vice-presidential and congressional terms from March to January. In 1937, K. Elizabeth Ohi became the first Japanese woman lawyer when she received her degree from John Marshall Law School in Chicago. In 1971, NASA Astronaut Alan B. Shepard used a six-iron that he had brought inside his spacecraft and swung at three golf balls on the surface of the moon. In 1987, President Ronald Reagan turned 76 years old, becoming the oldest U.S. President in history. In 1998, Washington National Airport was renamed for U.S. President Ronald Reagan with the signing of a bill by U.S. President Bill Clinton. In 2000, U.S. First Lady Hillary Rodham Clinton formally declared that she was a candidate for a U.S. Senate seat from the state of New York.
TRIVIAL PURSUITS: What sports personality actually coined the phrase ‘Winning Isn’t everything. It’s the only thing.’?Read more >
Share the 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 alison.mintzer@strategic-i.com

Advertising: advertise@strategic-i.com

Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund