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| Sponsored message from Empower | |
| A Closer Look at Empower Retirement How is Empower Retirement rethinking retirement in America? To find out, watch Alison Cooke Mintzer, our own editor in chief, interview Ed Murphy.Read more > | |
| Market Mirror | |
Most U.S. stock indices are closing lower as lower oil prices caused energy stocks to fall, according to the Associated Press. The Dow lost 85.94 points (0.47%) to finish at 18,105.17, the NASDAQ was down 9.98 points (0.20%) at 4,993.57, and the S&P 500 fell 10.78 points (0.51%) to 2,105.32. The Russell 2000 increased by 0.88 (0.07%) to 1,235.81, and the Wilshire 5000 closed 94.47 points (0.42%) lower at 22,224.81. On the NYSE, 3.2 billion shares traded, with 1.8 declining issues for every advancing issue. On the NASDAQ, 2.8 billion shares changed hands, with a slight lead for advancers. The price of the 10-year Treasury note decreased 1 5/32, bringing its yield up to 2.285%. The price of the 30-year Treasury bond fell 2 24/32, increasing its yield to 3.050%. | |
| From the Magazine | |
| Are Investment Fees Your Participants Pay Reasonable? | |
| Fiduciaries’ responsibilities include ensuring that fees for investments in the plan lineup are “reasonable,” especially because such fees can often be the largest expense participants pay. When selecting investments, plan sponsors generally pay attention to the “expense ratio” of each fund—the sum of all annual operating costs, presented as an annual percentage of the fund’s average net assets under management (AUM).Read more > | |
| How Often Do You Review Your Recordkeeper’s Services? | |
| Asked how often they formally review actual administrative costs/fees, 70.5% of plan sponsors responding to PLANSPONSOR’s 2015 Defined Contribution (DC) Survey said they do so annually. A formal review every one to two years was a distant second, at 8.9% of survey respondents. Apart from formal recordkeeper benchmarking and searches, sponsors should complete active oversight of the plan’s recordkeeper regularly, says Amy Reynolds, U.S. defined contribution consulting leader with Mercer LLC in Richmond, Virginia.Read more > | |
| Investing | |
| Audit Says Alternatives Hurt Utah Retirement System | |
| A report titled “A Performance Audit of URS’ Management and Investment Practices,” says the Utah Retirement System’s (URS) heavy allocation to alternative investments, including hedge funds, has diminished potential investment returns. The report notes that URS’ alternative investments increased from 16% to 40% between 2005 and 2013 as URS reduced its allocation in equities and debt securities.Read more > | |
| Small Talk | |
ON THIS DATE: In 1932, the body of aviation hero Charles Lindbergh’s baby was found, more than two months after he was kidnapped from his family’s Hopewell, New Jersey, mansion. In 1978, the National Oceanic and Atmospheric Administration announced that they would no longer exclusively name hurricanes after women. In 2000, 19-year-old Adam Petty, son of Winston Cup driver Kyle Petty and grandson of National Association for Stock Car Auto Racing (NASCAR) icon Richard Petty, died from crashing into a wall during practice for a Grand National race at Loudon, New Hampshire.
TUESDAY TRIVIA: According to a survey from Visa, American children were receiving an average of $3.40 per lost tooth from the tooth fairy in 2014. | |
| TRIVIAL PURSUITS: Why is losing your job called ‘getting fired?’Read more > | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > | |
News from PLANSPONSOR.com
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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