Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 5th, 2019

How Open MEPs Could Change the Retirement Plan Market

Not immediately, but over time, with passage of open MEP legislation, plan sponsors will see a change in service delivery, plan advisers will have to consider different distribution paths, and plan providers will experience both innovation and disintermediation. Read more >
Benefits & Administration
SOA Finds Retirement Focus Greater for Married/Partnered Versus Singles
Those married or partnered are more likely to have a positive outlook on their finances, consider themselves planners and savers and have a focus on saving for retirement, while those who are single are prioritizing affording everyday bills and paying down student debt, the Society of Actuaries (SOA) has found. These differences are even more dramatic for older generations, including their financial outlook and planning horizons. There are wide gaps between married or partnered individuals and those who are single in how they address their financial priorities and their relationship with debt. These findings are potentially troublesome, given that these older generations are generally approaching or in retirement, the SOA says. Read more >
Products, Deals and People
Horace Mann Expands Into Tax-Exempt Retirement Market
Horace Mann’s traditional agencies will continue to focus on the public education sector, while newly acquired subsidiary BCG will offer qualified and non-qualified solutions for nonprofit/tax-exempt organizations. Read more >
Pentregra Introduces 401(k) Program With SRI, ESG Focus
Pentegra is partnering with Social(k) and LeafHouse Financial to offer the Big Green Retirement Plan, an aggregate 401(k) retirement program with a focus on socially responsible investing (SRI) and environmental, social and governance (ESG) investing. Read more >
MOST READ ARTICLES
1
2019 Plan Sponsors of the Year
2
401(k) Nondiscrimination Tests Explained
3
Newport Group Picks Up Recordkeeping Business of PNC Bank
4
Why Plan Sponsors Should Consider Adding an ‘In-Retirement’ Tier in 2019
5
AAA Subsidiary Announces Student Loan Repayment Benefit for Its Employees
Economic Events

Construction spending during December 2018 was estimated at a seasonally adjusted annual rate of $1,292.7 billion, 0.6% below the revised November estimate of $1,300.6 billion, the Census Bureau reported. The December figure is 1.6% above the December 2017 estimate of $1,272.6 billion.

Market Mirror

Yesterday, the Dow fell 206.67 points (0.79%) to 25,819.65, the NASDAQ was down 17.79 points (0.23%) at 7,577.57, and the S&P 500 decreased 10.88 points (0.39%) to 2,792.81. The Russell 2000 closed 14.20 points (0.89%) lower at 1,575.44, and the Wilshire 5000 lost 139.42 points (0.48%) to finish at 28,963.16.

 

The price of the 10-year Treasury note was up 9/32, decreasing its yield to 2.723%. The price of the 30-year Treasury bond increased 17/32, bringing its yield down to 3.094%.

Investing
Trend in TDF Move to Passive Management Continues
Sway research finds target-date series that invest in passively managed underlying funds, as well as those that invest in collective investment trusts (CITs) have been increasing, while target-date series that invest in actively managed underlying funds saw their market share fall. Read more >
Small Talk

ON THIS DATE: In 1770, “The Boston Massacre” took place when British troops fired on a crowd in Boston killing five people. Two British troops were later convicted of manslaughter. In 1836, Samuel Colt’s Patent Arms Manufacturing of Paterson, New Jersey, was chartered by the New Jersey legislature. In 1868, the Senate was organized into a court of impeachment to decide charges against President Andrew Johnson. In 1872, George Westinghouse patented the air brake. In 1918, the Soviets moved the capital of Russia from Petrograd to Moscow. In 1922, “Annie Oakley” (Phoebe Ann Moses) broke all existing records for women’s trap shooting. She hit 98 out of 100 targets. In 1923, old-age pension laws were enacted in the states of Montana and Nevada. In 1933, President Franklin D. Roosevelt ordered a four-day bank holiday in order to stop large amounts of money from being withdrawn from banks. In 1956, the U.S. Supreme Court affirmed the ban on segregation in public schools. In 1984, the U.S. Supreme Court ruled that cities had the right to display the Nativity scene as part of their Christmas display. In 1997, North Korea and South Korea met for first time in 25 years for peace talks. In 1998, NASA announced that an orbiting craft had found enough water on the moon to support a human colony and rocket fueling station. In 1998, it was announced that Air Force Lt. Col. Eileen Collins would lead crew of Columbia on a mission to launch a large X-ray telescope. She was the first woman to command a space shuttle mission.

TRIVIAL PURSUITS: When were middle names first used? 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 >

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund