Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 24th, 2017
2017 Plan Sponsor of the Year Finalists
Plan Sponsor of the Year Finalists Announced
PLANSPONSOR is pleased to announce finalists for 2017 Plan Sponsor of the Year in three categories. More finalists will be announced in coming days.
Announcing our 2017 Plan Sponsor of the Year finalists in the Corporate 401(k) <$10MM category. Read more >
Announcing our 2017 Plan Sponsor of the Year finalists in the Corporate 401(k) >$10MM to $50MM category. Read more >
Announcing our 2017 Plan Sponsor of the Year finalists in the Corporate 401(k) >$50MM to $100MM category. Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
2
Congressional Leaders Want SECURE Act Passage in 2019
3
New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans
4
IRS Releases 2019-2020 Priority Guidance Plan
5
DC Plans 3.0 Will Really be Tailored to Individual Situations
Benefits & Administration
There Is Hope for Improving Americans’ Retirement Security
After a scathing Wall Street Journal article suggesting 401(k)s are not adequate for retirement, Ted Benna, whom some call the ‘father of the 401(k),’ and Lori Lucas of Callan, suggest there are ways to improve retirement security. Read more >
Market Mirror

Yesterday, the Dow decreased 27.40 points (0.14%) to 19,799.85, the NASDAQ slipped 2.39 points (0.04%) to 5,552.94, and the S&P 500 decreased 6.11 points (0.27%) to 2,265.20. The Russell 2000 was down 4.02 points (0.30%) at 1,347.83, and the Wilshire 5000 closed 50.68 points (0.21%) lower at 23,693.00.

On the NYSE, 3.1 billion shares traded, with a slight lead for advancers. On the NASDAQ, 2.9 billion shares changed hands, with 1.4 declining issues for every advancing issue.

The price of the 10-year Treasury note increased 19/32, bringing its yield down to 2.400%. The price of the 30-year Treasury note climbed 1 8/32, decreasing its yield to 2.988%.

Sponsored message from Vanguard
An examination of global asset allocation and home bias
Research has found that asset allocation is the key driver of return variability for a diversified portfolio. Vanguard offers clarity with two questions: How does asset allocation affect risk/return expectations? And how much home bias is reasonable? Read more >
Compliance
Schwab Faces Excessive Fee, Self-Dealing Lawsuit
A class action Employee Retirement Income Security Act (ERISA) lawsuit has been filed against Charles Schwab Corporation and its retirement plan fiduciaries alleging fiduciary breaches and prohibited transactions. The lawsuit claims plan fiduciaries engaged in the imprudent and disloyal exercise of their discretionary fiduciary authority over the plan to include Schwab’s own affiliated investment products as investment options within the plan and sale of their own services to the plan. Read more >
Peering Through the Fiduciary Rule Uncertainty
A direct order from President Trump regarding the fiduciary rule could be forthcoming imminently, and that is likely what it would take for the fiduciary rulemaking to truly be paused or killed outright at the Department of Labor (DOL). Read more >
Investing
Funds Record Net Redemptions in December 2016
Passive funds led demand with $62.3 billion of inflows, while actively managed funds experienced aggregate net redemptions of $64 billion in December, Strategic Insight data shows. Read more >
Small Talk

ON THIS DATE: In 1848, James W. Marshall discovered a gold nugget at Sutter’s Mill in northern California, leading to the gold rush of 1849. In 1922, Christian K. Nelson patented the Eskimo Pie. In 1935, Krueger Brewing Company placed the first canned be.er on sale in Richmond, Virginia. In 1943, U.S. President Franklin Roosevelt and British Prime Minister Churchill concluded a wartime conference in Casablanca, Morocco. In 1965, Winston Churchill died at the age of 90. In 1985, Penny Harrington became the first woman police chief of a major city. She assumed the duties as head of the Portland, Oregon, force of 940 officers and staff. In 2002, the U.S. Congress began a hearing on the collapse of Enron Corp. In 2003, the U.S. Department of Homeland Security began operations under the leadership of Tom Ridge.

NOTE: Yesterday’s ON THIS DATE said in 1971, in Prospect Creek Camp, Arkansas, the lowest temperature ever recorded in the U.S. was reported as minus 80 degrees. It should have said Alaska.

TRIVIAL PURSUITS: How did the hair pin get the nickname ‘bobby pin’? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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