| | Trends in Fund Lineup Construction | | Investment returns in the next 10 to 15 years are projected to be about half of what they were in the preceding two decades, Sean Lewis, vice president and investment strategist for BlackRock, warned attendees of the 2017 PLANSPONSOR National Conference. The panel all agreed that, widely speaking, the DC retirement planning industry continues to migrate toward streamlined and simplified investment menus—especially the “three-tiered” approach.Read more > | | | Market Mirror | Yesterday, the Dow closed 36.30 points (0.17%) lower at 21,235.67, the NASDAQ fell 32.45 points (0.52%) to 6,175.46, and the S&P 500 was down 2.38 points (0.10%) at 2,429.39. The Russell 2000 lost 2.49 points (0.18%) to finish at 1,419.21, and the Wilshire 5000 decreased 24.46 points (0.10%) to 25,270.99.
The price of the 10-year Treasury note was down 4/32, increasing its yield to 2.214%. The price of the 30-year Treasury bond decreased 9/32, bringing its yield up to 2.870%. | | | Sponsored message from Milliman | | Imagine a retirement plan with predictable contributions and lifelong income. Sound impossible? We’re actuaries – we’ll show you the math.Read more > | | | Compliance | | The Internal Revenue Service has published its list of pre-approved prototype and volume submitter 403(b) plan documents.Read more > | | Learning from Litigation | | It is not always possible, even for the most carefully run retirement plans, to avoid getting dragged into Employee Retirement Income Security Act (ERISA) litigation, and so having a clear response plan in place is essential.Read more > | | An Inside View of the DOL | | The Department of Labor (DOL)’s fiduciary rule, now in effect, is still likely not the final rule. That’s according to Timothy D. Hauser, deputy assistant secretary for Program Operations of the DOL’s Employee Benefits Security Administration (EBSA), who spoke to attendees of the 2017 PLANSPONSOR National Conference. The agency is still looking for ways to streamline and improve its new fiduciary rule, even though most provisions are now in effect.Read more > | | | Small Talk | | ON THIS DATE: In 1777, the Marquis de Lafayette arrived in the American colonies to help with their rebellion against the British. In 1825, Walter Hunt patented the safety pin. Hunt then then sold the rights for $400. In 1888, the U.S. Congress created the Department of Labor. In 1912, Captain Albert Berry made the first successful parachute jump from an airplane in Jefferson, Mississippi. In 1920, the U.S. Post Office Department ruled that children may not be sent by parcel post. In 1951, U.N. troops seized Pyongyang, North Korea. In 1966, the landmark Miranda v. Arizona decision was issued by the U.S. Supreme Court. The decision ruled that criminal suspects had to be informed of their constitutional rights before being questioned by police. In 1967, Solicitor General Thurgood Marshall was nominated by President Lyndon B. Johnson to become the first black justice on the U.S. Supreme Court. In 1979, Sioux Indians were awarded $105 million in compensation for the U.S. seizure in 1877 of their Black Hills in South Dakota. In 1994, a jury in Anchorage, Alaska, found Exxon Corp. and Captain Joseph Hazelwood to be reckless in the Exxon Valdez oil spill. | | TRIVIAL PURSUITS: What is the difference between pigeons and doves?Read more > | | 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 > |
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