Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 23rd, 2017
Plan Sponsor of the Year Finalists
Plan Sponsor of the Year Finalists
This week we will be announcing our Plan Sponsor of the Year finalists. Starting tomorrow, we will reveal finalists in the Corporate 401(k) less than $10 million, Corporate 401(k) greater than $10 million to $50 million, and Corporate 401(k) greater than $50 million to $100 million categories.
Benefits & Administration
The Basics About Form 5500s
While recordkeepers and TPAs usually fill out a plan’s Form 5500, plan sponsors must sign off on the Form under penalty of perjury, so it is important to know what information is provided on the Form and be able to certify its accuracy. Read more >
MOST READ ARTICLES
1
House Committee Advances Bill to Establish Union Pension Lifeline Program
2
The Senate Math That Could Block SECURE Act
3
Open MEPs Not for Every Plan Sponsor
4
Adidas Sued Over Excessive Fees for 401(k) Participants
5
Employers Encouraged to Offer Multi-Dimensional Wellness Programs
Products, Deals and People
Retirement Industry People Moves
New York Life names new CIO; GW&K creates general counsel position; Pentegra appoints new VPs of Compliance and Consulting; and more. Read more >
ERISA Plan Transparency Tool Launched
The newly released Pension Inspector 10.0 includes “ERISA PLUS,” an expansion of the firm’s internet research data mining capabilities designed to aid the transparency administration of retirement plans. Read more >
Sponsored message from DST Systems
A Call to Action: Improving the Rollover Experience Post-DOL
Renewed opportunities to improve the outdated approach to IRA rollovers. Read more >
Economic Events

THE ECONOMIC WEEK AHEAD: Tomorrow, the National Association of Realtors will report about existing home sales in December. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about new home sales in December. Friday, the Census Bureau will report about durable goods orders in December.

Market Mirror

Friday, the Dow climbed 94.85 points (0.48%) to 19,827.25, the NASDAQ closed 15.25 points (0.28%) higher at 5,555.33, and the S&P 500 increased 7.63 points (0.34%) to 2,271.32. The Russell 2000 was up 6.11 points (0.45%) at 1,351.85, and the Wilshire 5000 gained 79.96 points (0.34%) to finish at 23,743.68.

On the NYSE, 3.1 billion shares changed hands with 1.7 advancing issues for every declining issue. On the NASDAQ, 2.9 billion shares traded, with 3 advancers for every decliner.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 2.467%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 3.048%.

WEEK’S WORTH: For the week ending January 20, the Dow finished 0.29% lower, the NASDAQ lost 0.34%, and the S&P 500 was down 0.15%. The Russell 2000 fell 1.47%, and the Wilshire 5000 decreased 0.27%.

Compliance
Recordkeepers Preparing for New Fiduciary Era
Even if the DOL fiduciary rule is halted, working in clients’ best interest is a “no-brainer,” says Joe Ready of Wells Fargo. Read more >
Small Talk

ON THIS DATE: In 1789, Georgetown College was established as the first Catholic college in the U.S. In 1845, the U.S. Congress decided all national elections would be held on the first Tuesday after the first Monday in November. In 1849, English-born Elizabeth Blackwell became the first woman in America to receive medical degree. It was from the Medical Institution of Geneva, New York. In 1907, Charles Curtis, of Kansas, began serving in the United States Senate. He was the first American Indian to become a U.S. Senator. He resigned in March of 1929 to become U.S. President Herbert Hoover’s Vice President. In 1943, Duke Ellington and the band played for a black-tie crowd at Carnegie Hall in New York City for the first time. In 1964, ratification of the 24th Amendment to the U.S. Constitution was completed. This amendment eliminated the poll tax in federal elections. In 1971, in Prospect Creek Camp, Arkansas, the lowest temperature ever recorded in the U.S. was reported as minus 80 degrees. In 1973, U.S. President Richard Nixon announced that an accord had been reached to end the Vietnam War. In 1975, “Barney Miller” made his debut on ABC-TV. In 1977, the TV mini-series “Roots,” began airing on ABC. The show was based on the Alex Haley novel. In 1983, “The A-Team” debuted on TV. In 1985, O.J. Simpson became the first Heisman Trophy winner to be elected to pro football’s Hall of Fame in Canton, Ohio. In 1989, surrealist artist Salvador Dali died in Spain at age 84.

SURVEY SAYS RESPONSES: Recently we covered a poll that found “whatever” to be the most annoying word for Americans. Last week, I asked NewsDash readers, “What word or phrase do you find MOST annoying?” Among the list provided, “like” garnered the most responses, at 20.6%. This was followed by “It is what it is,” and “No offense, but,” with 9.5% of responses each. However, 41.3% of readers entered their own responses. Among those, multiple readers listed “at the end of the day” and “no problem.” In comments left by readers, many explained their pick, and even more suggestions for annoying words or phrases were offered. A couple noted that the proper response to “Thank you” is “You’re welcome,” and not “No problem.” Editor’s Choice is a tie this week between the reader who said, “Like, at the end of the day, I can’t even wrap my head around this low hanging fruit but we can move the needle to maximize the net equation. It is what it is, and it’s all good,” and the reader who said, “After reading your list, I realized that I use several of these words. Who knew I was so annoying?!” Thank you to all who participated in the survey! 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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