Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 6th, 2018
Benefits & Administration
Women Need Help Improving Retirement Confidence
Fifty-three percent of women plan to retire after the age of 65, including 13% who do not plan to ever retire, according to the Transamerica Center for Retirement Studies. Of those who plan to work past retirement age, 58% say they want the income, 48% say they are concerned that Social Security will provide them with less income than they expected, and 47% say it will be because they cannot afford to retire because they will not have saved enough. The center offers steps employers can take to help women.Read more >
Pension Funds See Fees Creep Up as DC Plans Cut Costs
Data collected by CEM Benchmarking from close to 2,000 defined benefit (DB) pension funds and over 1,600 defined contribution (DC) plans over the last 10 years suggests DB plans outperformed DC plans after fees by only 0.46%. As researchers note, this is “a massive improvement” from the previous comparison reviewing the 1998 to 2005 time period, where the net return difference was 1.8%. Since the last study, average DB fund costs have increased from 0.40% to 0.60%, whereas DC plan costs have remained constant at 0.39%.Read more >
From the Magazine
Total Benefits: Boosting Employee Savings
“If you want to reduce compensation and benefits spending without leaving your work force financially vulnerable, you may need to take a closer look at the degree of choice and value provided in your benefits package,” according to Heather Garber, vice president of voluntary benefits and technology at Hub International Insurance Services Inc. in Chicago. “Keep in mind that your average American today probably isn’t buying insurance outside of the workplace—aside from auto/home—[and we] employees really look to our employers to provide everything we’ll need to protect our families.” This is where voluntary benefits come into play, Garber says.Read more >
IRS Updates Life Expectancy Tables for Retirees
Recent TDF Performance Lawsuits Raise Insurer Ire
Ask the Experts
Should Each Recordkeeper Use Its Own Plan Document?
Market Mirror

Yesterday, the Dow gained 336.70 points (1.37%) to finish at 24,874.76, the NASDAQ increased 72.84 points (1.00%) to 7,330.71, and the S&P 500 gained 29.69 points (1.10%) to finish at 2,720.94. The Russell 2000 was up 12.88 points (0.84%) at 1,546.05, and the Wilshire 5000 closed 302.30 points (1.09%) higher at 28,283.69.


The price of the 10-year Treasury note was down 6/32, increasing its yield to 2.884%. The price of the 30-year Treasury bond decreased 9/32, bringing its yield up to 3.154%.
DOL to Take Fiduciary Seminar to Louisiana
The Department of Labor (DOL) Employee Benefits Security Administration (EBSA) announced its “Getting It Right – Know Your Fiduciary Responsibilities” seminar will be held in Metairie, Louisiana, on April 11.Read more >
ETFs Offer Benefits for DB Plans
Institutional investors, including defined benefit (DB) plans, can derive many benefits from owning exchange-traded funds (ETFs), sources say. Institutions that worry about taxes can benefit from the tax efficiencies that ETFs offer, far more than mutual funds, says Justin Sibears, managing director at Newfound Research in Boston. But even for institutions that do not worry about taxes, ETFs offer several benefits, Sibears says. DB plans can use ETFs to manage risk and enhance liquidity, among other things.Read more >
Small Talk
ON THIS DATE: In 1820, the Missouri Compromise was enacted by the U.S. Congress and signed by U.S. President James Monroe. The act admitted Missouri into the Union. In 1836, the thirteen-day siege of the Alamo by Santa Anna and his army ended. The Mexican army of three thousand men defeated the 189 Texas volunteers. In 1899, aspirin was patented by German researchers Felix Hoffman and Hermann Dreser. In 1944, during World War II, U.S. heavy bombers began the first American raid on Berlin. Allied planes dropped 2000 tons of bombs. In 1947, the first air-conditioned naval ship, “The Newport News,” was launched from Newport News, Virginia. In 1960, the United States announced it would send 3,500 troops to Vietnam. In 1967, U.S. President Lyndon B. Johnson announced his plan to establish a draft lottery. In 1973, U.S. President Richard Nixon imposed price controls on oil and gas. In 1980, Islamic militants in Tehran said that they would turn over American hostages to the Revolutionary Council. In 1981, Walter Cronkite appeared on his last episode of “CBS Evening News with Walter Cronkite.” In 1997, Britain’s Queen Elizabeth II launched the first official royal Web site.
TRIVIAL PURSUITS: How did Wall Street get its name?Read more >
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Editorial: Alison Cooke Mintzer


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