Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 25th, 2016
Benefits & Administration
Asset Makeup of Retirement Market Changed in 2015
Total U.S. retirement assets were $24 trillion as of December 31, 2015, up 3% from the end of September and unchanged for the year, according to data from the Investment Company Institute (ICI). Although retirement assets were also $24 trillion as of December 31, 2014, the makeup of those assets changed.Read more >
Products, Deals and People
TIAA’s global investing infrastructure will now use the client-facing brand name, TIAA Global Asset Management, to better reflect the firm’s global capabilities.Read more >
Managed Futures Another Alternatives Option
In the search for new sources of returns and a response to increased equity market volatility, plan sponsors and participants may come across managed futures.Read more >
New Financial Audit Rule Increases Requirements for Plan Sponsors
2021 Recordkeeping Survey
Participants Missing the Full Match Remains a Big Problem
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Deemed Distributions Can Be Triggered by More Than Just Loan Nonpayment
Economic Events

New orders for manufactured durable goods in February decreased $6.6 billion or 2.8% to $229.4 billion, the U.S. Census Bureau announced. This decrease, down three of the last four months, followed a 4.2% January increase. Excluding transportation, new orders decreased 1.0%. Excluding defense, new orders decreased 1.9%. Transportation equipment, also down three of the last four months, led the decrease, $4.9 billion or 6.2% to $74.2 billion.

In the week ending March 19, the advance figure for seasonally adjusted initial claims for unemployment insurance was 265,000, an increase of 6,000 from the previous week’s revised level of 259,000, the Labor Department reported. The four-week moving average was 259,750, an increase of 250 from the previous week’s revised average of 259,500.

The average interest rate for a 30-year fixed-rate mortgage is 3.71%, down from 3.73% one week ago, according to Freddie Mac. The average interest rate for a 30-year fixed-rate mortgage is 2.96%, down from 2.99%.
Market Mirror

Major U.S. stock indices ended pretty much where they started Thursday, leaving the market with a weekly loss for the first time since mid-February. The Dow increased 13.14 points (0.08%) to 17,515.73, the NASDAQ was up 4.64 points (0.10%) at 4,773.50, and the S&P 500 decreased by 0.77 (0.04%) to 2,035.94. The Russell 2000 closed 3.84 points (0.36%) higher at 1,079.53, and the Wilshire 5000 was nearly unchanged (down 1.84 or 0.01%) at 20,819.48.

On the NYSE, 3.2 billion shares traded, with a slight lead for advancers. On the NASDAQ, 2.7 billion shares changed hands, with a 1.3 to 1 ratio of advancing issues to declining issues.

The price of the 10-year Treasury note was down 6/32, increasing its yield to 1.900%. The price of the 30-year Treasury bond decreased 9/32, bringing its yield up to 2.673%.

WEEK’S WORTH: For the trading week ending March 24, the Dow decreased 0.49%, the NASDAQ was down 0.46%, and the S&P 500 finished 0.67% lower. The Russell 2000 fell 2.01%, and the Wilshire 5000 lost 0.77%.
IRS Seeks Recommendations for Priority Guidance
The Treasury Department and the IRS use the Priority Guidance Plan each year to identify and prioritize the tax issues that should be addressed through published administrative guidance.Read more >
Fifth Third Stock Drop Suit Reaches Settlement
A Supreme Court ruling in the case set new standards of pleading for lawsuits against retirement plans that hold on to company stock.Read more >
From the Magazine
Insights: Art, Not Science
Determining what makes a retirement plan great requires much more than just looking at quantitative metrics. Running a retirement plan that meets the Employee Retirement Income Security Act (ERISA) requirement of making fiduciary decisions solely in the interest of plan participants takes dedication, thoughtfulness and, at times, a creative spirit. After we select our Plan Sponsor of the Year finalists, at some point, we confront the question: “Why did one plan make our finalists list while another—with what looks like similar statistics—did not?”Read more >
The winners of the 2016 PLANSPONSOR Plan Sponsor of the Year awards show a commitment to their participant’s financial health and retirement success, and are leaders in their respective categories. All maintain best practices in plan administration, with outcomes for others to emulate.Read more >
Small Talk

ON THIS DATE: In 1609, Henry Hudson left on an exploration for the Dutch East India Co. In 1634, Lord Baltimore founded the Catholic colony of Maryland. In 1776, the Continental Congress authorized a medal for General George Washington. In 1865, during the American Civil War, Confederate forces captured Fort Stedman in Virginia. In 1901, the Mercedes was introduced by Daimler at the five-day “Week of Nice” in Nice, France. In 1911, in New York City, 146 women were killed in a fire at the Triangle Shirtwaist Company in New York City. The owners of the company were indicted on manslaughter charges because some of the employees had been behind locked doors in the factory. The owners were later acquitted and in 1914 they were ordered to pay damages to each of the 23 families that had sued. In 1913, The Palace Theatre opened in New York City. In 1954, RCA manufactured its first color TV set and began mass production. In 1965, Martin Luther King Jr. led a group of 25,000 to the state capital in Montgomery, Alabama. In 1966, the U.S. Supreme Court ruled that the “poll tax” was unconstitutional. In 1971, the Boston Patriots became the New England Patriots. In 1983, the U.S. Congress passed legislation to rescue the Social Security system from bankruptcy. In 1996, the U.S. issued a newly redesigned $100 bill for circulation. In 1998, a cancer patient was the first known to die under Oregon’s doctor-assisted suicide law. In 2004, the U.S. Senate voted (61-38) on the Unborn Victims of Violence Act (H.R. 1997) to make it a separate crime to harm a fetus during the commission of a violent federal crime.


And now it’s time for FRIDAY FILES!
Some funny moments caught on security cameras.Read more >

In Columbia, Pennsylvania, a family returned from a trip to find a 21-year-old man in their home, wearing their clothes, eating their food and rearranging their furniture. According to the Associated Press, police believe the man had settled in the home for at least two days. They also found a backpack with $2,800 worth of items that belonged to the family.

In Dayton, Ohio, a former University of Dayton student who borrowed the “History of the Crusades” from the university’s library in 1967 has sent it back with an apology for the late return. The Associated Press reports that the man checked out the book as a freshman before leaving school to join the U.S. Marines. The man says the book and other belongings must have been gathered from his dormitory room and sent to his parents’ house, where they remained until his parents died. He recently found the book in a box of belongings forwarded to him by his brother. University officials say they won’t be charging the man the late fee of about $350.
“You’ll get your streets back when our duck whisperer comes here to feed us.”Read more >

In Pompano Beach, Florida, a man entered a car dealership and tried to buy a BMW with a credit card and a food stamp card. His business was declined. The next night, the man burglarized the dealership and stole the BMW. Police were able to trace the car to a place where the man had run out of gas because he had no money to get any.

In Great Falls, Montana, a 66-year-old woman decided to attend a “Coffee with a Cop” event at a local café. However, police said she was stumbling and smelled of alc.ohol. A police lieutenant followed her to the parking lot and saw her vehicle resting against a light pole, the Associated Press reports. She was arrested after establishing that she was well over the legal limit to drive.

In New York City, a matchmaking service promises to help single people sniff out their perfect match by breathing in the odors from dirty T-shirts. Each of Smell Dating’s first 100 clients received a T-shirt to wear for three days straight without bathing. The clients then mailed the T-shirts back to Smell Dating, where they were cut into swatches. Smell Dating then sent batches of 10 mixed swatches back to the clients to sniff this week. A match will be made if one client likes the scent of another and the olfactory attraction is mutual.

Have a wonderful, odorless weekend, everyone!
Share the good 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


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