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PLANSPONSOR NEWSDASH LOGO January 10th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Do TDF Characteristics Impact Default Acceptance?
Do TDF Characteristics Impact Default Acceptance?
For plan sponsors making decisions about default investments, it’s important to understand the underlying drivers of participant behavior.
Benefits
Longer-Term HSA Holders Maximize Benefits for the Future
An analysis from EBRI shows familiarity breeds better usage.
Most Read
Compliance
Cybersecurity Risks Still Lurking for Retirement Plan Sponsors
Administration
Rules for Retaining Benefit Plan Records
Benefits
Employers Increasingly Interested in ICHRAs as a Health Benefit Offering
Administration
Most DB Plans Saw Little Funded Improvement in 2019
Plan sponsors will need to consider whether in 2020, as in 2019, stock market returns will be great enough to offset rising liabilities from interest rate decreases.
Economic Events
In the week ending January 4, the advance figure for seasonally adjusted initial claims for unemployment insurance was 214,000, a decrease of 9,000 from the previous week’s revised level of 223,000, the Labor Department reported. The four-week moving average was 224,000, a decrease of 9,500 from the previous week’s revised average of 233,500.

The interest rate for a 30-year fixed-rate mortgage averaged 3.64% for the week ending January 9, down from last week when it averaged 3.72, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 4.45%. The interest rate for a 15-year fixed-rate mortgage averaged 3.07%, down from last week when it averaged 3.16%. A year ago at this time, the 15-year FRM averaged 3.89%.
Market Mirror
Thursday, the Dow climbed 211.81 points (0.74%) to 28,956.90, the NASDAQ closed 74.18 points (0.81%) higher at 9,203.43, and the S&P 500 increased 21.65 points (0.67%) to 3,274.70. The Russell 2000 was up 1.40 points (0.08%) at 1,664.99, and the Wilshire 5000 gained 198.24 points (0.60%) to finish at 33,333,23.

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.861%. The price of the 30-year Treasury bond increased 6/32, bringing its yield down to 2.334%.
Products,
SECURE Act Resources Library Published by Groom
“The passage of the SECURE Act has been a long time in the making and will have a profound impact on the retirement system,” says Michael Kreps, a principal at Groom.
Investment Product and Service Launches
CUNA Mutual adds Stadion managed account service to platform; MSCI creates new fixed income indexes; Transamerica decreases fees on two high yield bonds; and more.
Small Talk
ON THIS DATE: In 1776, “Common Sense” by Thomas Paine was published. In 1861, Florida seceded from the United States. In 1870, John D. Rockefeller incorporated Standard Oil. In 1901, a drilling derrick at Spindletop Hill near Beaumont, Texas, produced an enormous gusher of crude oil, signaling the advent of the American oil industry. In 1920, the League of Nations ratified the Treaty of Versailles, officially ending World War I with Germany. In 1946, the first meeting of the United Nations General Assembly took place with 51 nations represented. In 1971, “Masterpiece Theatre” premiered on PBS with host Alistair Cooke. In 1984, the United States and the Vatican established full diplomatic relations for the first time in more than a century. In 1990, Time Inc. and Warner Communications Inc. completed a $14 billion merger. The new company, Time Warner, was the world’s largest entertainment company.

And now it’s time for FRIDAY FILES!
Instant karma for a package thief.

The Mario Brothers theme like you’ve never heard it before.

In Midland, Michigan, students at Bullock Creek High School set a new world record for the tallest toilet paper pyramid. It took 16 hours and 27,434 rolls to make the 16-feet, 3-inch pyramid. [pic]

In Palm Beach County, Florida, Sheriff’s deputies responded to a call about sounds of a woman in distress. Responding to the scene, they found a man working on a car with his pet parrot Rambo on an outside perch. Apparently, Rambo’s cries of “Let me out! Let me out! Ohhh! Ohhh! Ohhh!” were so lifelike that a neighbor called the police.

Wishing everyone a wonderful weekend!
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