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| A Look at Characteristics of Multiemployer DC Plans |
| The predominant plan design for multiemployer defined contribution (DC) plans is a profit sharing plan, according to Segal Consulting’s Study of Multiemployer Defined Contribution Plans. Less than one-quarter (24%) of multiemployer DC plans offer a 401(k) feature, and 23% use a money purchase plan design. The firm says multiemployer DC plan trustees can benchmark their plans against Segal’s client database.Read more > |
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| Products, Deals and People |
| Stadion Money Management, a money management firm known for strategies using exchange-traded funds (ETFs), launched “StoryLine. Built with SPDR ETFs”, a 401(k) managed account solution for participants in the adviser-sold, micro- and small-plan markets.Read more > |
| A new 401(k) platform launched by Money Intel seeks to provide an “easy and inexpensive” solution for small businesses looking to offer retirement benefits. Financial advising for the plan sponsoring company’s employees comes standard on the platform.Read more > |
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| 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 > |
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| Market Mirror |
Steep losses in financial, technology and other companies sent U.S. stock indices sharply lower Monday, the Associated Press reports. The Dow closed 177.92 points (1.10%) lower at 16,027.05, the NASDAQ decreased 79.39 points (1.82%) to 4,283.75, and the S&P 500 was down 26.55 points (1.41%) at 1,853.50. The Russell 2000 fell 66.05 points (6.38%) to 969.33, and the Wilshire 5000 lost 283.31 points (1.48%) to finish at 18,880.88.
On the NYSE, 3.1 billion shares traded, with declining issues outnumbering advancing issues 4 to 1. On the NASDAQ, 2.7 billion shares changed hands, with a more than 2 to 1 lead for decliners.
The price of the 10-year Treasury note increased 24/32, bringing its yield down to 1.752%. The price of the 30-year Treasury bond climbed 1 29/32, decreasing its yield to 2.579%. |
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| Compliance |
| With No Determination Letters, What Will Plan Sponsors Do? |
| Not all plan designs fit into prototype plan documents, so how will the IRS’ elimination of the determination letter affect them?Read more > |
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| From the Magazine |
| ‘Most Generous’ Analysis |
| Our researchers claim there are seven aspects of retirement plan design that make for a generous (or not so generous) plan sponsor.Read more > |
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| Small Talk |
| ON THIS DATE: In 1825, the U.S. House of Representatives elected John Quincy Adams president. No candidate had received a majority of electoral votes. In 1861, the Provisional Congress of the Confederate States of America elected Jefferson Davis as its president. In 1870, the United States Weather Bureau was authorized by Congress. The bureau is officially known as the National Weather Service (NWS). In 1895, Volley Ball was invented by W.G. Morgan. In 1942, daylight-saving “War Time” went into effect in the U.S. In 1971, the Apollo 14 spacecraft returned to Earth after mankind’s third landing on the moon. |
| TRIVIAL PURSUITS: What animated characters and other non-humans have a star on the Hollywood Walk of Fame?Read more > |
| 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 > |
