Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 7th, 2018
Calling All US and Canadian Plan Sponsors and E&Fs!
Strategic Insight’s biennial survey on Global Institutional Investing is underway. Your participation is very much appreciated, and helps provide a view on current allocation, new strategies and future intentions. All participants will receive a free copy of the report, if desired. If you have questions about the survey you can send them to surveys@strategic-i.com. The survey is anonymous and confidential. Read more >
Benefits & Administration
Social Security Trustees Warn of Impending Depletion Without Congressional Action
The Social Security Board of Trustees this week released its annual report on the long-term financial stability of the Social Security trust funds, finding the combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance Trust Funds are projected to become depleted in 2034, the same as projected last year, with 79% of benefits payable at that time. Looking specifically at the Old-Age and Survivors Insurance (OASI) Trust Fund, this is projected to become depleted in late 2034, as compared to last year’s estimate of early 2035, with 77% of benefits payable at that time. Nancy Berryhill, Acting Commissioner of Social Security, says “the fact remains that Congress can keep Social Security strong by taking action to ensure the future of the program.” Read more >
Self-Insured Health Plan Offerings Growing Among Small Employers
Speakers on an EBRI webinar discussed trends in self-insured health plans, as well as why employers are choosing to self-insure and ways to manage employee health and health care utilization. Read more >
MOST READ ARTICLES
1
(b)lines Ask the Experts – Annuity General Accounts Versus Separate Accounts
2
Over Half of Americans Have Nothing Saved in a Retirement Account
3
An Accurate Perception of Their Finances Eludes Many Americans
4
Innovative Health Cost Saving Strategies Paying Off for Employers
5
2018 HSA Conference
Retirement Income Seen as the Next Phase for 401(k)s
Bing Waldert, a managing director with Cerulli Associates, says, “converting the 401(k) plan to an income platform is a step in taking DB [defined benefit] market experience and applying it to the 401(k) market.” Read more >
Products, Deals and People
T. Rowe Price Launches Participant Engagement Measurement Tool
The metrics provide data that plan sponsors can use to demonstrate that certain features are effective and help them make further plan enhancements to encourage retirement preparedness, says Diana Awed, head of marketing and client experience for T. Rowe Price. Read more >
Market Mirror

Wednesday, the Dow climbed 346.41 points (1.40%) to 25,146.39, the NASDAQ was up 51.38 points (0.67%) at 7,689.24, and the S&P 500 gained 23.55 points (0.86%) to finish at 2,772.35. The Russell 2000 increased 11.32 points (0.68%) to 1,675.95, and the Wilshire 5000 closed 234.44 points (0.82%) higher at 28,935.17.

 

The price of the 10-year Treasury note decreased 14/32, bringing its yield up to 2.975%. The price of the 30-year Treasury bond fell 25/32, increasing its yield to 3.126%.

Compliance
New Claim Added to Vanderbilt University 403(b) Plan Lawsuit
The new claim in the 403(b) plan lawsuit says the defendants should have protected participant data as plan assets and not allowed TIAA to use it to market its products and services to participants. 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, over 7,000 war veterans marched on Washington, D.C., demanding their bonuses. In 1955, “The $64,000 Question” premiered. 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. In 2000, U.S. Federal Judge Thomas Penfield Jackson ordered the breakup of Microsoft Corporation.

SURVEY SAYS: Summer is almost officially here. This week, I’d like to know what books or other publications do you plan to read this summer? You may respond to this week’s survey by 6 p.m. Pacific time today. Read more >
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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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