Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 29th, 2019

Editor’s Note

A good time was had by all at the 2019 PLANSPONSOR / PLANADVISER Excellence in Retirement Awards Dinner last night! Plan Sponsor of the Year award winners were announced, as well as Retirement Plan Adviser and Adviser Team of the Year winners, among others. More detail about Plan Sponsor of the Year award winners will be provided next week.
2019 Plan Sponsor of the Year Award Winners
2019 Plan Sponsor of the Year Winners
Find out the winners of the 2019 Plan Sponsor of the Year awards in each category. Read more >
2019 Retirement Plan Adviser of the Year Winners
As the 2019 PLANSPONSOR Retirement Plan Adviser of the Year winners so successfully prove, the great professionals in this field have a commitment to driving excellent retirement plan design and outcomes for their plan sponsor clients and participants. Read more >
2019 Service Stars
The PLANSPONSOR Service Star awards program recognizes the retirement plan account representatives and relationship managers who, in the words of their plan sponsor clients, have demonstrated exemplary service. Full profiles of the 2019 Service Stars will be online May 20th and in the April/May print issue. Read more >
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Economic Events

In the week ending March 23, the advance figure for seasonally adjusted initial claims for unemployment insurance was 211,000, a decrease of 5,000 from the previous week’s revised level of 216,000, the Labor Department reported. The four-week moving average was 217,250, a decrease of 3,250 from the previous week’s revised average of 220,500.

 

The average interest rate for a 30-year fixed-rate mortgage is 4.06%, down from 4.28% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.57%, down from 3.71%.

Market Mirror

Market data will resume on Monday.

2018 DC Survey Standouts
Through PLANSPONSOR’s annual Defined Contribution Survey, 14 providers received the highest marks when defined contribution (DC) plan sponsors of all size plans nationwide answered the following question: “How satisfied are you with your provider?” Read more >
2019 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the fifth “class” of companies winning the Best in Class 401(k) Plan designation. Plans were rated by way of a proprietary system that weighted usage/implementation of more than 30 criteria related to plan design, oversight/governance and participant outcomes. Read more >
Small Talk

ON THIS DATE: In 1932, Jack Benny made his radio debut. In 1943, in the U.S. rationing of meat, butter and cheese began during World War II. In 1946, Fiorella LaGuardia became the director general of the United Nations Relief and Rehabilitation Organization. In 1951, the Chinese reject MacArthur’s offer for a truce in Korea. In 1961, the 23rd amendment to the U.S. Constitution was ratified. The amendment allowed residents of Washington, D.C., to vote for president. In 1962, Jack Paar made his final appearance on the “Tonight” show. In 1971, a jury in Los Angeles recommended the death penalty for Charles Manson and three female followers for the 1969 Tate-La Bianca murders. The death sentences were later commuted to life in prison. In 1973, the last U.S. troops left South Vietnam. In 1974, Mariner 10, the U.S. space probe, became the first spacecraft to reach the planet Mercury. In 1983, Erno Rubik was granted a patent for his Magic Cube. (U.S. Patent 4,378,116). In 1993, Clint Eastwood won his first Oscars. He won them for best film and best director for the film “Unforgiven.”

 

 

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

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