Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 17th, 2019

2019 Could Be Banner Year for ESG in ERISA Plans

Plan sponsors voice concern about a lack of uniform environmental, social and governance (ESG) data reporting and lingering regulatory uncertainty—but more and more continue to embrace the use of environmental, social and governance investing programs. Read more >
Compliance
Best Practices for Managing ERISA Litigation Risk in 2019
Mayer Brown partners Nancy Ross and Laura Hammargren, from the firm’s Chicago office, and Brian Netter, out of Washington D.C., hosted a webcast to discuss the Employee Retirement Income Security Act (ERISA) litigation landscape and the ongoing compliance risks facing benefit plan fiduciaries. In 2016 and 2017 there were over 100 complaints filed in federal courts targeting 401(k) plans, the attorneys said. The results of these complains have been both positive and negative from the perspective of plan fiduciaries, according to Hammargren. Read more >
Products, Deals and People
ADP Adds SmartDollar to its Stable of Financial Wellness Programs
ADP is partnering with SmartDollar to offer the latter’s mobile-friendly financial wellness program to all of ADP’s clients. “At ADP, we offer a holistic financial wellness program that can be customized to meet the workplace needs of employers and their employees,” says Chris Lungo, division vice president of strategy, marketing and business services at ADP Retirement Services. “We accomplish this by building relationships with providers, like SmartDollar, specializing in delivering financial wellness solutions.” Read more >
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Sponsored message from Fidelity
The Fidelity Global Institutional Investor Survey: The Future of Investment Management
What will the investment world look like in 2025? Read more >
Market Mirror

Wednesday, the Dow gained 141.57 points (0.59%) to finish at 24,207.16, the NASDAQ closed 10.86 points (0.15%) higher at 7,034.69, and the S&P 500 increased 5.80 points (0.22%) to 2,616.10. The Russell 2000 was up 9.48 points (0.66%) at 1,454.70, and the Wilshire 5000 climbed 79.88 points (0.30%) to 27,059.48.

 

The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.725%. The price of the 30-year Treasury bond increased 3/32, bringing its yield down to 3.071%.

From the Magazine
Income Disruptions
A disruption in steady employment can have a significant effect on how much money workers put away for retirement. In its most recent Financial Disruptions Survey, TD Ameritrade found 66% of Americans have experienced at least one serious disruption to their long-term lifestyle and savings plans. Causes they cited include loss of employment, major health issues, divorce or even buying a house. Others had taken time away to care for children or disabled family members. The disruptions are costly. To date, Americans saving in defined contribution (DC) plans have lost an estimated $2.5 trillion in wealth potential versus what they would have saved if not for income disruptions, according to the TD Ameritrade analysis. Plan sponsors can focus time and attention on addressing their population of disrupted savers by using plan design and the right educational support. Read more >
Small Talk

ON THIS DATE: In 1773, Captain Cook’s Resolution became the first ship to cross the Antarctic Circle. In 1871, Andrew S. Hallidie received a patent for a cable car system. In 1905, punchboards were patented by a manufacturing firm in Chicago. In 1913, all partner interests in 36 Golden Rule Stores were consolidated and incorporated in Utah into one company. The new corporation was the J.C. Penney Company. In 1916, the Professional Golfers Association was formed in New York City. In 1934, Ferdinand Porsche submitted a design for a people’s car, a “Volkswagen,” to the new German Reich government. In 1945, Soviet and Polish forces liberated Warsaw during World War II. In 1946, the United Nations Security Council held its first meeting. In 1985, Leonard Nimoy got a star on the Hollywood Walk of Fame. In 1991, coalition airstrikes began against Iraq after negotiations failed to get Iraq to retreat from the country of Kuwait. In 2000, British pharmaceutical companies Glaxo Wellcome PLC and SmithKline Beecham PLC agreed to a merger that created the world’s largest drugmaker.

SURVEY SAYS: It’s almost time for the Super Bowl, but before that, two conference championship games will determine who the contenders will be. The NFC Championship game is between the Los Angeles Rams and the New Orleans Saints. The AFC Championship game is between the New England Patriots and the Kansas City Chiefs. This week, I’d like to know which two contenders you’d like to see in the Super Bowl and which team would you like to win the Super Bowl. 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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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