Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 12th, 2018
Benefits & Administration
DC Plan Sponsors Are Focusing on Long-Term Retirement Objectives
A recent T. Rowe Price report uncovers how defined contribution (DC) plan sponsors are evolving their views of certain retirement-related risks and objectives. According to the survey, “Advancing the Way We Think About Retirement Risk and Outcomes,” the largest concern among plan sponsors includes participants’ longevity risk (with 42% of plan sponsors indicating this as their top worry), and the capacity to gain greater retirement account balances over the long term, when selecting target-date strategies or other qualified default investment alternatives (QDIAs) for participants. Read more >
Measurement of Retirement Success Varies Based on Different Assumptions
An analysis by the Employee Research Institute finds 57.4% of U.S. households are on track to be able to cover 100% of expenses in retirement, but if long-term care costs are removed from the equation, the percentage jumps to 75.5%. Read more >
Millennials Say They Are Savers
Seventy percent of Millennials characterize themselves as savers, up from 62% in 2016, TD Ameritrade learned in a survey. However, only 38% are saving for retirement. Read more >
Products, Deals and People
Groups Issue Employer Guide for Implementing Wellness Programs
The guide for small and mid-sized employers is based on research that found what would promote employees’ participation in health wellness programs and barriers to employers offering and employees participating in them. Read more >
MOST READ ARTICLES
1
IRS Announces 2019 HSA Contribution Limits
2
4% Rule Not a Reliable Retirement Income Withdrawal Strategy for All People
3
Lawsuit Argues MetLife Pension Calculations Use Outdated Mortality Table
4
401(k) Plan Sponsors Enhancing Plan Design
5
Duke University 403(b) Plan Lawsuits Reportedly Settled
Market Mirror

Yesterday, the Dow was up 5.78 points (0.02%) at 25,322.31, the NASDAQ increased 14.41 points (0.19%) to 7,659.93, and the S&P 500 inched 2.97 points (0.11%) higher, finishing at 2,782.00. The Russell 2000 was up 2.19 points (0.13%) at 1,674.68, and the Wilshire 5000 closed 39.35 points (0.14%) higher at 29,026.63.

 

The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.953%. The price of the 30-year Treasury bond decreased 2/32, bringing its yield up to 3.093%.

Compliance
Appellate Court Rejects Bank of America Participants’ Claim for More Relief
Noting that the bank already made restitution to the participants under an Internal Revenue Service (IRS) closing agreement, the 4th Circuit agreed with a lower court that the bank did not profit from its transfer of 401(k) assets to create a cash balance plan. Read more >
Deutsche Bank Self-Dealing ERISA Suit Partly Dismissed
The mixed ruling grapples with binding circuit court guidance and reaches quite different conclusions regarding various allegations of prohibited transactions and fiduciary breaches. Read more >
Small Talk

ON THIS DATE: In 1838, the Iowa Territory was organized. In 1849, Lewis Haslett patented a gas mask. In 1897, Carl Elsener patented his penknife. The object later became known as the Swiss army knife. In 1901, Cuba agreed to become an American protectorate by accepting the Platt Amendment. In 1918, the first airplane bombing raid by an American unit occurred on World War I’s Western Front in France. In 1939, the National Baseball Hall of Fame and Museum was dedicated in Cooperstown, New York. In 1948, Ben Hogan won his first U.S. Open golf classic. In 1963, civil rights leader Medgar Evers was fatally shot in front of his home in Jackson, Mississippi. In 1967, state laws which prohibited interracial marriages were ruled unconstitutional by the U.S. Supreme Court. In 1985, Wayne Gretsky was named winner of the NHL’s Hart Trophy. The award is given to the league’s Most Valuable Player. In 1987, President Ronald Reagan publicly challenged Russian President Mikhail Gorbachev to tear down the Berlin Wall. In 1991, the Chicago Bulls won their first NBA championship. The Bulls beat the Los Angeles Lakers four games to one. In 1997, the U.S. Treasury Department unveiled a new $50 bill meant to be more counterfeit-resistant. In 2009, in the U.S., the switch from analog TV transmission to digital was completed.

 

 

No TRIVIAL PURSUITS this week.

Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy. Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund