Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 8th, 2019

Responsible Approaches to Tactically Managing TDFs

Target-date fund (TDF) providers use tactical strategies to support goals of the funds’ glide paths, but responding to a report from a professor of finance at London Business School, providers question whether there is a point where a tactical approach goes too far. Read more >
Benefits & Administration
Stretch Match Could Lead to Lower DC Plan Deferral Rates
Analyzing a group of plans, pairing certain plans with others that had match formulas that mimic or simulate the stretched match strategy, Vanguard found the former had participation rates that are 20% to more than two times higher than the latter. Read more >
Products, Deals and People
Investment Product and Service Launches
Vanguard presents active equity ESG fund; Goldman Sachs announces ETF suite focused on innovation; State Street enhances fixed income ETFs; and more. Read more >
Colonial Life Announces Student Loan Repayment Benefit
Colonial Life has partnered with FutureFuel.io, which has different options that a client can select for what best fits its employees and the company. 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

In the week ending March 2, the advance figure for seasonally adjusted initial claims for unemployment insurance was 223,000, a decrease of 3,000 from the previous week’s revised level of 226,000, the Labor Department reported. The four-week moving average was 226,250, a decrease of 3,000 from the previous week’s revised average of 229,250.

Market Mirror

Thursday, the Dow dropped by 200.23 points (0.78%) to 25,473.23, the NASDAQ gave up 84.46 points (1.13%) to finish at 7,421.46, and the S&P fell by 22.52 points (0.81%) to 2,748.93. The Russell 2000 lost 13.19 points (0.86%) to end at 1,523.63, and the Wilshire 5000 fell by 223.55 points (0.78%) to close at 28,463.00.

 

The price of the 10-year Treasury note increased by 14/32, bringing its yield down to 2.640%, and the 30-year Treasury bond rose by 28/32, lowering its yield to 3.026%.

Compliance
Court Decision Limits Age Bias Claims Older Employees Can File
A federal appellate court found older job seekers who feel they face hiring discrimination may not file Age Discrimination in Employment Act (ADEA) disparate impact claims, though they may file ADEA disparate treatment claims. Read more >
Investment Adviser Sentenced for Defrauding Pension Plan
The Department of Labor found the investment adviser made 63 fraudulent requests to Transamerica for lump sum benefit checks for participants not entitled to plan benefits, in total transferring $2 million from the pension plan to his own accounts. Read more >
Small Talk

ON THIS DATE: In 1853, the first bronze statue of Andrew Jackson was unveiled in Washington, D.C. In 1880, President Rutherford B. Hayes declared that the United States would have jurisdiction over any canal built across the isthmus of Panama. In 1943, Japanese forces attacked American troops on Hill 700 in Bougainville. The battle lasted five days. 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 duty in World War II. In 1948, the U.S. Supreme Court ruled that religious instruction in public schools was unconstitutional. In 1959, Groucho, Chico and Harpo Marx made their final TV appearance together. In 1961, Max Conrad circled the globe in a record time of eight days, 18 hours and 49 minutes in the Piper Aztec. 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.

 

 

And now it’s time for FRIDAY FILES!

If you must plow the snow, do so with pizzazz. Read more >
Girl has a theory about how to grow a burger tree. Read more >
A trick football catch. Read more >

In North Tonawanda, New York, a man sponsored a $50,000 Super Bowl pool and put fake names in some of the squares hoping to win himself. However, that didn’t work and he found himself short of money to pay winners. So, what did he do? He staged his own kidnapping. Police were called by someone who said they saw him tied up in the back of a pickup truck. He claimed two people to whom he owed money kidnapped him for three days, took $16,000 from him and left him there. However, police said they were suspicious because the man didn’t show any signs of being upset and was very well-groomed.

 

An experience in Georgia, gives us all a lesson about reading the fine print. A teacher there read the fine print in a travel insurance policy she recently purchased and won $10,000. St. Petersburg-based Squaremouth says it launched the secret contest February 11. Buried in the fine print was a promise of $10,000 for the first person to send an email to a specific address. Squaremouth says it’s giving another $10,000 to a children’s literacy charity, plus $5,000 each to the two schools where the winner teaches consumer economics. The teacher says the prize will fund a trip to Scotland with her husband to celebrate their 35th wedding anniversary.

 

In Silver Spring, Maryland, a pickup truck smashed backwards through a 7-11 storefront, then three masked men climbed over the debris and tried to load an ATM onto a hand truck they brought with them. They struggled with the ATM, and one suspect appeared less than helpful, drawing a punch in the arm from his partner, a video shows, according to station WTOP. They finally got the ATM out the door, but it fell off the hand truck onto one of the suspects. They also realized their get-away driver left them. So, they ran, but returned to get their hand truck.

 

Have a great weekend!

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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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