Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 7th, 2019
Benefits & Administration
Physical Workers’ Retirement Confidence Not Necessarily Realistic
A report from Aegon discusses retirement planning habits of workers in physically demanding jobs and how plan sponsors can help them be retirement ready. Read more >
How to Mitigate Participants’ Savings Biases
Experts discuss how plan sponsors can get participants out of retirement savings “ruts” and get them to engage more with their retirement plans. Read more >
Travelers to Help Employees Save for Retirement While Paying Down Student Debt
The Travelers Companies has created The Travelers Paying It Forward Savings Program for its employees, which will allow payments that U.S. employees make toward their student loans to be eligible for the company’s 401(k) matching program. Read more >
Americans in Tug-of-War Between Early Retirement and Health Costs
Seventy-six percent of those who are financially independent think retiring earlier will help them live longer, yet top concerns about retiring early are outliving their money and health care costs, according to a survey by TD Ameritrade. Read more >
MOST READ ARTICLES
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2019 Plan Sponsors of the Year
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401(k) Nondiscrimination Tests Explained
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Newport Group Picks Up Recordkeeping Business of PNC Bank
4
Why Plan Sponsors Should Consider Adding an ‘In-Retirement’ Tier in 2019
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AAA Subsidiary Announces Student Loan Repayment Benefit for Its Employees
Market Mirror

Wednesday, the Dow was down 133.17 points (0.52%) at 25,673.46, the NASDAQ lost 70.44 points (0.93%) to finish at 7,505.92, and the S&P 500 decreased 18.20 points (0.65%) to 2,771.45. The Russell 2000 fell 31.46 points (2.01%) to 1,536.82, and the Wilshire 5000 closed 236.48 points (0.82%) lower at 28,686.63.

 

The price of the 10-year Treasury note was up 9/32, decreasing its yield to 2.686%. The price of the 30-year Treasury bond increased 11/32, bringing its yield down to 3.067%.

From the Magazine
PS Coach: Roth Conversions
A Roth conversion takes defined contribution (DC) retirement account assets that have been saved on a pre-tax basis and converts them into Roth dollars; these are taxable that year. Before adopting this feature, plan sponsors should run an overall operational analysis, plus a “test” to determine the impact of Roth on deferrals being made to the plan, experts say. Because of Roth’s complexity, experts suggest participants receive comprehensive education, plus individual advice, about the accounts and conversion. Read more >
Products, Deals and People
Gradifi Adds Financial Wellness Education to Offering
The firm has partnered with EVERFI so employers can address employees’ student loan and financial wellness needs. Read more >
Small Talk

ON THIS DATE: In 322 BC, Aristotle, the Greek philosopher, died. In 1774, the British closed the port of Boston to all commerce. In 1854, Charles Miller received a patent for the sewing machine. In 1876, Alexander Graham Bell received a patent (U.S. Patent No. 174,465) for his telephone. In 1933, the board game Monopoly was invented. In 1955, Phyllis Diller made her debut at the Purple Onion in San Francisco. In 1965, state troopers and a sheriff’s posse broke up a march by civil rights demonstrators in Selma, Alabama. In 1968, the Battle of Saigon came to an end. In 1975, the Senate revised the filibuster rule. The new rule allowed 60 senators to limit debate instead of the previous two-thirds. In 1994, the U.S. Supreme Court ruled that parodies that poke fun at an original work can be considered “fair use” that does not require permission from the copyright holder.

SURVEY SAYS: The great need for financial wellness education in the workplace suggests individuals did not get this information from school or home, but I doubt that is true for everyone. This week, I’d like to know, who taught you about financial matters? 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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