Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 12th, 2016
Benefits & Administration
Americans Unprepared for and Worried About Retirement
The majority of Americans do not appear to have done much retirement planning, according to the Financial Industry Regulatory Authority’s (FINRA’s) report, “Financial Capability in the United States 2016.” The study finds that more than half of Americans (56%) are worried about running out of money in retirement. However, the study found respondents who currently receive retirement income are the most likely to have no difficulty making ends meet.Read more >
Products, Deals and People
Paper Offers Roadmap for Implementing Auto Features
A new publication by the Defined Contribution Institutional Investment Association highlights ways in which employers may benefit when they employ automatic plan features in their defined contribution (DC) retirement plans, and shares a framework for how a plan sponsor might implement such a program over a period of years.Read more >
MOST READ ARTICLES
1
New Financial Audit Rule Increases Requirements for Plan Sponsors
2
2021 Recordkeeping Survey
3
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
4
Participants Missing the Full Match Remains a Big Problem
5
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Market Mirror

Yesterday, the Dow closed increased 80.19 points (0.44%) to 18,226.93, the NASDAQ gained 31.88 points (0.64%) to finish at 4,988.64, and the S&P 500 was up 8.53 points (0.40%) at 2,138.43. The Russell 2000 climbed 12.67 points (1.08%) to 1,190.03, and the Wilshire 5000 closed 96.11 points (0.44%) higher at 22,136.82.

On the NYSE, 3.1 billion shares changed hands, with advancing issues outnumbering declining issues more than 2 to 1. On the NASDAQ, 2.7 billion shares traded, with a 2 to 1 lead for advancers.

The price of the 10-year Treasury note decreased 21/32, bringing its yield up to 1.433%. The price of the 30-year Treasury bond fell 30/32, increasing its yield to 2.141%.
Compliance
Court Moves Forward Delta Pilots’ Suit Against PBGC
The U.S. District Court for the District of Columbia has found that former Delta Air Lines pilots have plausibly alleged that the Pension Benefit Guaranty Corporation (PBGC), in its capacity as trustee, engaged in various conduct that resulted in it “earn[ing] massive investment returns off of assets that should have been timely allocated” to the plaintiffs.Read more >
Investing
Cost of Purchasing Annuities Has Spiked
“Pre-retirees now need to plan on having nearly 10% more in retirement savings than before, in order to buy the same level of deferred income,” BlackRock warns.Read more >
Pension Funds Largest Group of Alternatives Investors
Total assets managed by the top 100 alternative investment managers globally reached $3.6 trillion, up 3% from the prior year, according to Willis Towers Watson. The research, which includes data on a diverse range of institutional investor types, shows that pension fund assets represent one-third (34%) of the top 100 alternative managers’ assets. Real estate managers continue to have the largest share of pension fund assets.Read more >
Small Talk
ON THIS DATE: In 1862, the U.S. Congress authorized the Medal of Honor. In 1870, the first rotary can opener with a cutting wheel was patented by William W. Lyman. In 1933, a minimum wage of 40 cents an hour was established in the U.S. In 1954, U.S. President Dwight D. Eisenhower proposed a highway modernization program, with costs to be shared by federal and state governments. In 1954, the Major League Baseball Players Association was organized in Cleveland, Ohio. In 1957, U.S. Surgeon General Leroy E. Burney reported that there was a direct link between smoking and lung cancer. In 1982, the last of the distinctive-looking Checker taxicabs rolled off the assembly line in Kalamazoo, Michigan. In 1984, Democratic presidential candidate Walter F. Mondale named U.S. Representative Geraldine A. Ferraro of New York to be his running mate. Ferraro was the first woman to run for vice president on a major party ticket.
TRIVIAL PURSUITS: Why is ‘Fido’ a name associated with dogs?Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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