Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 25th, 2019
PLANSPONSOR Research
2019 Recordkeeping Survey
As a complement to our Defined Contribution Survey—which measures how satisfied DC clients are with their providers—our annual Recordkeeping Survey gives employers the chance to see exactly which products and services each provider offers, as well as listing information on total assets and overall client demographics. This survey, as opposed to the DC survey, is comprised of data collected from the providers themselves. Read more >
Benefits & Administration
Sonoco Terminates DB Plan in Preparation for Risk Transfer
Announcements by the company provide an example of common steps and the timeline for a pension risk transfer. Read more >
MOST READ ARTICLES
1
IRS Issues Guidance About Uncashed Retirement Plan Distributions
2
Options for Providing Student Loan Repayment Benefits Increasing
3
Taking a ‘Calculated’ Approach to Retirement Readiness
4
Litigators Share What They Investigate for Filing TDF Lawsuits
5
Government Prosecutors Weigh In on Supreme Court IBM Case
Researchers Propose Including Annuities as a Default in 401(k)s
An analysis found defaulting a portion of balances in deferred income annuities (DIAs) would boost income for retirees later in life, and researchers offered suggestions for implementation by defined contribution (DC) plan sponsors. Read more >
Sponsored message from J.P. Morgan Asset Management
The power of being proactive
J.P. Morgan’s 2019 DC Plan Sponsor Survey Findings highlight how plan sponsors are achieving greater success with plan design. Read more >
Economic Events

Sales of new single‐family houses in June were at a seasonally adjusted annual rate of 646,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7% above the revised May rate of 604,000 and is 4.5% above the June 2018 estimate of 618,000.

Market Mirror

Wednesday, the Dow fell 79.22 points (0.29%) to 27,269.97, the NASDAQ closed 70.10 points (0.85%) higher at 8,321.50, and the S&P 500 climbed 14.09 points (0.47%) to 3,019.56. The Russell 2000 was up 25.46 points (1.64%) at 1,580.42, and the Wilshire 5000 gained 197.58 points (0.64%) to close at 31,086.13.

 

The price of the 10-year Treasury note increased 3/32, bringing its yield down to 2.049%. The price of the 30-year Treasury bond was up 31/32, decreasing its yield to 2.575%.

Compliance
Maryland State Pension Now Required to Report Carried Interest on Assets
The new bill, combined with existing state law, means the State Retirement and Pension System must now report all fees paid to outside investment managers. Read more >
From the Magazine
Retirement Visualization
While plan sponsors really can’t control much in the way of participant behavior they can work with advisers and recordkeepers to encourage participants to consider what they might want their life to look like in the future. Read more >
Small Talk

ON THIS DATE: In 1850, in Worcester, Massachusetts, Harvard and Yale University freshmen met in the first intercollegiate billiards match. In 1861, the Crittenden Resolution, which called for the American Civil War to be fought to preserve the Union and not for slavery, was passed by Congress. In 1866, Ulysses S. Grant was named General of the Army. He was the first American officer to hold the rank. In 1868, Congress passed an act creating the Wyoming Territory. In 1946, the U.S. detonated an atomic bomb at Bikini Atoll in the Pacific. It was the first underwater test of the device. In 1952, Puerto Rico became a self-governing commonwealth of the U.S. In 1978, Louise Joy Brown, the first test-tube baby, was born in Oldham, England. She had been conceived through in-vitro fertilization. In 1984, Soviet cosmonaut Svetlana Savitskaya became the first woman to walk in space. She was aboard the orbiting space station Salyut 7. In 1994, Israel and Jordan formally ended the state of war that had existed between them since 1948. In 1998, the USS Harry S. Truman was commissioned and put into service by the Navy. In 2010, WikiLeaks leaked to the public more than 90,000 internal reports involving the U.S.-led War in Afghanistan from 2004 to 2010.

 

 

No SURVEY SAYS this week.

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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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