Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 8th, 2016
Benefits & Administration
Human Touch Improves Overall Financial Wellness
Employees who engage in multiple live interactions with a financial professional experience a much higher degree of positive behavioral change towards financial wellness than those who engage solely online, a new analysis from Financial Finesse suggests. The company also found the financial wellness gap between genders is narrowing, and offers tips for who to target in financial wellness programs.Read more >
Should Multiemployer Plans Be Replaced by 401(k)s?
During a hearing held by the U.S. Senate Committee on Finance, the main issue was the benefit cuts allowed for certain plans under the Multiemployer Pension Reform Act (MPRA). One witness made the suggestion that multiemployer plans should be replaced with 401(k)s.Read more >
MOST READ ARTICLES
1
2021 Recordkeeping Survey
2
Considering the Arguments for and Against Actively Managed Funds in DC Plans
3
What Participants Want From Employers’ Retirement Plan Websites
4
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
5
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
American women are feeling more optimistic about their financial futures and more confident about their money-related decisions, according the BlackRock’s latest Global Investor Pulse survey. However, both women (43%) and men (41%) believe that saving for retirement should be a high priority, yet only 55% of women and 65% of men are actually saving for retirement.Read more >
Many Feel Poor Health Could Derail Retirement Savings
Pre-retiree Americans fear that poor health could derail their retirement savings, particularly as they age and face higher health care costs, according to HSBC’s report, “The Future of Retirement: Healthy New Beginnings.” More than three-quarters, 76%, of Americans view poor health as potentially the largest barrier to savings, followed by illness in a partner, cited by 61%.Read more >
Sponsored message from PNC Vested Interest
PLANSPONSOR interviews Michael Patch and Keith Vukmir
Alison Cooke Mintzer, Editor-in-Chief for PLANSPONSOR, interviews Michael Patch, Director of Relationship Management, and Keith Vukmir, Director of Development, at PNC Retirement Solutions. Patch and Vukmir discuss zero revenue share funds.Read more >
Market Mirror

U.S. stocks are closing mostly higher on Wall Street as another jump in the price of crude oil brought energy companies back in favor, the Associated Press reports. The Dow closed 67.18 points (0.40%) higher at 17,073.95, the NASDAQ was down 8.77 points (0.19%) at 4,708.25, and the S&P 500 increased by 1.77 (0.09%) to 2,001.76. The Russell 2000 gained 12.21 points (1.13%) to finish at 1,094.14, and the Wilshire 5000 was up 38.63 points (0.19%) at 20,524.38.

On the NYSE, 3.2 billion shares changed hands, with advancing issues outnumbering declining issues 2 to 1. On the NASDAQ, 2.9 billion shares traded, with a more than 2 to 1 lead for advancers.

The price of the 10-year Treasury note decreased 8/32, bringing its yield up to 1.903%. The price of the 30-year Treasury bond was down 4/32, increasing its yield to 2.703%.
From the Magazine
Factors to Consider When Opting for Auto-Enrollment
Adding an automatic enrollment feature to your plan is not as simple as just settling on that option and launching the design. Many underlying decisions need to be made, and several basic actions taken, before implementation can begin.Read more >
Investing
The California State Teachers’ Retirement System (CalSTRS) announced plans to participate in a German securities litigation suit against Volkswagen AG, citing the automaker’s admission that it deliberately installed software that misrepresented air quality and emissions information on millions of so-called “clean diesel” vehicles.Read more >
Retirement Portfolio Growth Will Be Lower
JP Morgan Asset Management’s Global Head of Retirement Solutions Anne Lester has a pretty clear warning for any institutional or individual retirement savers doing predictions with a 7% or 8% annual return assumption baked in. “Looking at the themes that have come to define the investing markets of the last several years, and looking forward to what we know will be the case in the coming decade, achieving a 7% or 8% annual return target will be a very challenging, if not impossible, objective for portfolios to achieve,” Lester says.Read more >
Small Talk

ON THIS DATE: In 1853, the first bronze statue of Andrew Jackson was unveiled in Washington, D.C. In 1880, U.S. President Rutherford B. Hayes declared that the United States would have jurisdiction over any canal built across the isthmus of Panama. In 1894, a dog license law was enacted in the state of New York. It was the first animal control law in the U.S. In 1945, Phyllis Mae Daley received a commission in the U.S. Navy Nurse Corps. She later became the first African-American nurse to serve in World War II. In 1948, the U.S. Supreme Court ruled that religious instruction in public schools was unconstitutional. In 1965, the U.S. landed about 3,500 Marines in South Vietnam. They were the first U.S. combat troops to land in Vietnam. In 1999, the U.S. Supreme Court upheld the conviction of Timothy McVeigh for the bombing of a federal building in Oklahoma City in 1995.

TRIVIAL PURSUITS: Do you know who took part in the first televised presidential candidate debate?Read more >
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 alison.mintzer@strategic-i.com

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