Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 9th, 2016
PSOY Finalist Profiles
PSOY Profiles Now Online
Profiles for our Plan Sponsor of the Year finalists are now online.Read more >
Get to know our finalists in the Corporate 401(k) Less Than $15MM category.Read more >
Finalists in the Corporate 401(k) $15MM to $25MM category share their stories.Read more >
Read about the retirement offerings of finalists in the Corporate 401(k) $25MM to $50MM category.Read more >
Benefits & Administration
Gen Xers Dismal on Retirement Hopes
Generation X’s skepticism about retirement may be warranted, according to a report from the Insured Retirement Institute (IRI). Overall, more than one-third of this demographic has nothing saved for retirement. Other research calls this generation by far the most stressed.Read more >
Bills to Nullify the Retirement Security Rule Proposed in Congress
Dealing with Stress, Burnout in the HR, Benefits Department
Deals and People
BlackRock’s Retirement Head Ackerley Moving to Adviser Role
Aon Hewitt reports the S&P 500 aggregate pension funded status decreased, and Mercer says the estimated aggregate funding level of pension plans sponsored by S&P 1500 companies decreased.Read more >
Knowing Numbers Can Aid in Retirement Health Cost Planning
The 2016 Guide to Retirement from JP Morgan Asset Management provides a range of insights about what financial challenges individuals should expect in retirement, including hard figures on Medicare premiums, long-term care costs and other critical aspects of retiree health care. Reading the guide will be a troubling experience for anyone not already versed in the retirement challenges faced by workers in the United States, notes JP Morgan Asset Management Global Head of Retirement Solutions Anne Lester. “A lot of the numbers we cover are going to be discouraging for a lot of people to read,” she says.Read more >
Products, Deals and People
Heartland Payment Systems, Inc. has been chosen by America’s Best 401k to provide payroll, payment processing and lending solutions for its small and midsize business clients.Read more >
Market Mirror

Stock indices closed solidly lower, led by a drop in energy companies as the price of crude oil took another tumble, the Associated Press reports. The Dow lost 109.85 points (0.64%) to finish at 16,964.10, the NASDAQ closed 59.43 points (1.26%) lower at 4,648.82, and the S&P 500 was down 22.48 points (1.12%) at 1,979.28. The Russell 2000 decreased 26.27 points (2.40%) to 1,067.87, and the Wilshire 5000 fell 257.20 points (1.25%) to 20,267.18.

On the NYSE, 3.2 billion shares traded, with a 3 to 1 lead for decliners. On the NASDAQ, 2.9 billion shares changed hands, with declining issues outnumbering advancing issues more than 3 to 1.

The price of the 10-year Treasury note increased 21/32, bringing its yield down to 1.834%. The price of the 30-year Treasury bond climbed 1 12/32, decreasing its yield to 2.637%.
From the Magazine
Why White Label?
Plan sponsors contend with many forces in the defined contribution (DC) environment: maximizing plan participation and deferrals, and offering participants diversified yet decipherable investment options—all at reasonable cost. Relief from several of these pressures can be found in white label funds, where a sponsor creates a generic name for a fund, identifying it by the asset classes it invests in rather than the brand of the investment firm—or firms, in the case of a multimanager design—that manages it.Read more >
Small Talk
More than half of workers (55%) do not believe men and women are paid equally for the same job, and a similar proportion (51%) do not feel men and women are given the same career advancement opportunities, according to a CareerBuilder survey. A significant number of employers agree with 20% of human resource managers who admit that women do not make the same wages as their male counterparts at their organizations. A closer look at pay comparisons found men were nearly three times as likely to report earning six figures.Read more >

ON THIS DATE: In 1788, Connecticut became the fifth state to join the United States. In 1820, the U.S. Congress passed the Land Act that paved the way for westward expansion of North America. In 1822, Charles M. Graham received the first patent for artificial teeth. In 1863, General Ulysses Grant was appointed commander-in-chief of the Union forces. In 1933, the U.S. Congress began its 100 days of enacting New Deal legislation. In 1945, during World War II, U.S. B-29 bombers launched incendiary bomb attacks against Japan. In 1949, the first all-electric dining car was placed in service on the Illinois Central Railroad. In 1959, Mattel introduced Barbie at the annual Toy Fair in New York. In 1964, production began on the first Ford Mustang. In 1985, “Gone With The Wind” went on sale in video stores across the U.S. for the first time. In 1990, Dr. Antonia Novello was sworn in as the first female and the first Hispanic surgeon general.


WEDNESDAY WISDOM: “What worries you, masters you.”—John Locke, English philosopher and physician
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


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