Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 7th, 2017
Benefits & Administration
Americans are almost equally concerned about short term market volatility as they are about achieving their long-term retirement goals, Franklin Templeton Investments found in its 2017 Retirement Income Strategies and Expectations Survey. Forty-seven percent are concerned about short-term volatility, and 53% are worried about their retirement goals. Read more >
American workers may be waking up to a predicted reality. Forty-three percent of respondents in general—56% of Baby Boomers—say they expect to retire with $500,000 or less saved, reports a study by Spectrum Group. Retirement plan participants’ gloomy mindset derives from rising health care costs and taxes, potential short-term market volatility and the possibility their expenses will surpass their savings. Read more >
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Family Resources Expected to Be a Big Part of Retirement Income
Most Americans plan to rely on family, and themselves, to finance their retirement, according to the Natixis Global Asset Management 2017 Individual Investor Survey. The findings, drawn from the three main working generations, reveal perhaps overly optimistic Millennials; Baby Boomers unaware of required minimum distributions tax implications; but a substantial group overall who are proactively planning for retirement and believing advisers can help them meet savings goals. Read more >
Healthy Lifestyles Important to Retirement Planning
How retirement ready are workers really? According to a study by Aegon, savings isn’t the only determinant. The firm performed a worldwide study to learn employees’ attitudes toward retirement saving, working past retirement-age and staying healthy to enjoy either one. Employers are urged to promote healthy lifestyles, as findings showed the least healthy plan to work the longest. Read more >
Professionally Managed Portfolios to Continue Rising
Vanguard expects that the use of professionally managed portfolios, which are currently employed by more than half of its participants today, will reach 75% by 2021. Further, the skyrocketing use of automatic features in the past 10 years has meaningfully benefited participation rates, savings rates and balanced asset allocation strategies, according to Vanguard’s report “How America Saves 2017.” Ninety-seven percent of participants in its plans received a company match in 2016, Vanguard found. Read more >
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 >
Market Mirror

Tuesday, the Dow lost 47.81 points (0.23%) to finish at 21,136.23, the NASDAQ closed 20.63 points (0.33%) lower at 6,275.06, and the S&P 500 was down 6.77 points (0.28%) at 2,429.33. The Russell 2000 decreased by 1.56 (0.11%) to 1,394.89, and the Wilshire 5000 fell 71.62 points (0.28%) to 25,250.43.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.149%. The price of the 30-year Treasury bond was up 1/32, decreasing its yield to 2.812%.

Ask the Experts
When the Individual Who Signed Form 5500 Retired
“We are starting preparations for our retirement plan’s Form 5500 annual return filing; however, the individual who signs our returns as employer and plan administrator retired, and the new person taking over the position inquired as to exactly who should be signing as the employer and plan administrator. Do the Experts have any guidance on the subject?” Read more >
Investing
Clients Will See Changes in Managed Accounts Due to DOL Rule
Thanks to the impending fiduciary rule, most managed account providers have made consolidating their programs their top priority for 2017, a Cerulli survey says. Over the next few years, asset managers may be faced with various configurations of platforms—some consolidated, some not, some hybrid—as providers discern and address the differing strengths of individual managers. One predicted result: a 10% drop in fees. Read more >
Small Talk

ON THIS DATE: In 1775, the United Colonies changed their name to the United States. In 1776, Richard Henry Lee of Virginia proposed to the Continental Congress a resolution calling for a Declaration of Independence. In 1903, Professor Pierre Curie revealed the discovery of Polonium. In 1929, the sovereign state of Vatican City came into existence as copies of the Lateran Treaty were exchanged in Rome. In 1932, more than 7,000 war veterans marched on Washington, D.C., demanding their bonuses. In 1965, in the U.S., the Gemini 4 mission was completed. The mission featured the first spacewalk by an American. In 1976, “The NBC Nightly News”, with John Chancellor and David Brinkley, aired for the first time.                           

 

WEDNESDAY WISDOM: “I never learn anything talking. I only learn things when I ask questions.”—Lou Holtz, former American football player, coach and analyst

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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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