Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 24th, 2019

PLANSPONSOR Announces 2018 DC Survey Standouts

Fourteen service providers to be recognized at the annual PLANSPONSOR/PLANADVISER Awards for Excellence dinner March 28th. Read more >
Benefits & Administration
Female Gen Xers Face Greater Retirement Savings Shortfall Than Males
Defined contribution (DC) retirement plan eligibility and auto portability can have a large impact on reducing retirement savings shortfalls, the Employee Benefit Research Institute (EBRI) found. Read more >
Lack of Education Could Result in Greater Long-Term Health Costs
Only 33% of employees surveyed by Maestro Health say they completely understand the health coverage offered through their employers, and 62% indicated they feel their employer does not serve as a resource for their health care-related questions. Read more >
Generation X Not As Confident About Retirement Readiness As Baby Boomers
Seventy-five percent of Baby Boomers think they will have enough money to live comfortably in retirement, but this is true for only 35% of Gen X, according to a new report from Retirement Living. Both groups have saved or are on track to save $700,000 or less; however, Boomers think that is adequate savings, while Gen Xers do not. Read more >
MOST READ ARTICLES
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Adidas Sued Over Excessive Fees for 401(k) Participants
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House Committee Advances Bill to Establish Union Pension Lifeline Program
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The Senate Math That Could Block SECURE Act
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Employers Encouraged to Offer Multi-Dimensional Wellness Programs
Sponsored message from PIMCO
Recently PLANSPONSOR’S Editor-In-Chief Alison Cooke Mintzer sat down with Rick Fulford, EVP of U.S. Retirement at PIMCO to discuss how Bonds are Different: Active versus Passive Management. Read more >
Market Mirror

Wednesday, the Dow gained 171.14 points (0.70%) to finish at 24,575.62, the NASDAQ was up 5.41 points (0.08%) at 7,025.77, and the S&P 500 increased 5.80 points (0.22%) to 2,638.70. The Russell 2000 was down 3.20 points (0.22%) at 1,454.26, and the Wilshire 5000 closed 42.42 points (0.16%) higher at 27,256.90.

 

The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.745%. The price of the 30-year Treasury bond was up 1/32, decreasing its yield to 3.062%.

Compliance
Society of Actuaries Releases Public Retirement Plan Mortality Tables
It developed the new tables to give pension actuaries and plan sponsors current information to assist in setting mortality assumptions once it was determined that public pensions have differing levels of mortality than private pensions. Read more >
Small Talk

ON THIS DATE: In 1848, James W. Marshall discovered a gold nugget at Sutter’s Mill in northern California. The discovery led to the gold rush of 1849. In 1935, Krueger Brewing Company placed the first canned beer on sale in Richmond, Virginia. In 1943, President Franklin Roosevelt and British Prime Minister Winston 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, when she assumed the duties as head of the Portland, Oregon, force of 940 officers and staff. In 1986, the Voyager 2 space probe flew past Uranus. The probe came within 50,679 miles of the seventh planet of the solar system. In 2002, Congress began a hearing on the collapse of Enron Corp. In 2003, the U.S. Department of Homeland Security began operations under Tom Ridge.

SURVEY SAYS: The nominations for the 2019 Academy Awards have been announced. This week, I’d like to know, which, if any, of the Best Picture nominees have you seen, and which, if any, would you like to win the Oscar. 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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