Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 13th, 2015
Benefits & Administration
Retirement Investors Open to Technology Help
Fully nine out of 10 Americans view technology as “more of a life necessity than a distraction,” Charles Schwab finds in a new survey report, “Man and Machines,” and this thinking applies directly to financial advice and the challenging process of planning for a successful retirement. Schwab identifies increasing trust and passion for technology across generations in the United States, especially when it comes to dealing with daily financial tasks and managing money for the long term. While the data set focused on several thousand affluent consumers, the findings are telling for the wider investment advice and retirement planning marketplace.Read more >
Sponsored message from SageView, Vanguard and Ayco
Building a Stronger Retirement Plan for Cabot Corporation See how SageView, Vanguard and Ayco helped their client, Cabot Corporation, to redefine its retirement plan and push participation rates to 94%. Read more >
Products, Deals & People
The Maresh Yoshida 401k Group, a 401(k) advisory firm in Austin, is changing its corporate name to InTrust Fiduciary Group. The firm says it now provides consulting services to retirement plans of all sizes.Read more >
Market Mirror
U.S. stock indices closed slightly lower as investors are beginning to worry about a global sell-off in government bonds that has been driving long-term borrowing costs higher, according to the Associated Press. The Dow was down 36.94 points (0.20%) at 18,068.23, the NASDAQ lost 17.38 points (0.35%) to finish at 4,976.19, and the S&P 500 closed 6.25 points (0.30%) lower at 2,099.08. The Russell 2000 slipped 2.71 points (0.22%) to 1,233.12, and the Wilshire 5000 decreased 55.82 points (0.25%) to 22,168.99.   On the NYSE, 3.2 billion shares changed hands, with 1.2 declining issues for every advancing issue. On the NASDAQ, 2.8 billion shares traded, with a 1.3 to 1 ratio of decliners to advancers.   The price of the 10-year Treasury note was up 7/32, decreasing its yield to 2.257%. The price of the 30-year Treasury bond increased 13/32, bringing its yield down to 3.021%.
Humana Inc. Defeats Class Action Claims of Excessive 401(k) Fees
Ask the Experts
What Records Should ERISA Plans Retain?
PSNC 2024: Essential QDIA Considerations
Advisory Council Considering Lifetime Participation Notices
The Department of Labor (DOL) announced its Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Advisory Council) will hold a meeting May 27 to 29, 2015. The purpose of the meeting is to study model notices and plan sponsor education about lifetime plan participation and disclosures for pension risk transfers (PRTs). A 2015 Employee Retirement Income Security Act (ERISA) Advisory Council meeting notice from the DOL explains that the 2014 Council found “there are numerous considerations participants should weigh when deciding what actions to take with their accumulated retirement savings upon termination of employment at job change or retirement. In making these decisions, participants certainly would benefit from objective, timely information.”Read more >
From the Magazine
Have You Reconsidered Your Match Formula?
Much of the discussion in the retirement world stems from what is happening in the realm of regulation and compliance. For that reason, plan sponsors and advisers have spent much of the past several years focusing on fee disclosure. But recently, especially as the Department of Labor (DOL) has expressed interest in having participants’ savings portrayed as income in retirement, the reality that these plans exist to get people to a comfortable future has come front and center. And, notably, employer contributions—including the match formula—can make all the difference.Read more >
Does Your Plan Offer Stable Value Funds?
According to PLANSPONSOR’s 2014 Defined Contribution (DC) Survey, overall, less than two-thirds (59.7%) of plans offer stable value funds. For plan sponsors debating the addition of a stable value offering to their lineups, Jim King, managing director of strategic relationships at Prudential Retirement, sees a solid place for this option on a streamlined investment menu. “Stable value is an anchor for DC portfolios,” he says.Read more >
Small Talk
Positive Attitude Key to Delay Feeling Old
The 10th annual UnitedHealthcare 100@100 survey finds that 60% of Centenarians say they do not feel old—and those who do typically say they did not start feeling old until age 87. On average, Centenarians report feeling more than two decades younger: 79 years old. Keeping a positive attitude is the most important factor in staying healthy, according to one-quarter of respondents. The survey posed a number of questions about childhood to both Centenarians and 10-year-olds, and found some of the greatest differences between the two groups related to their experiences with money.Read more >
ON THIS DATE: In 1607, around 100 English colonists arrived along the west bank of the James River in Virginia to found Jamestown, the first permanent English settlement in North America. In 1846, the U.S. Congress overwhelmingly voted in favor of President James K. Polk’s request to declare war on Mexico in a dispute over Texas. In 1898, Thomas Edison sued the American Mutoscope Company, claiming that the studio had infringed on his patent for the Kinetograph movie camera. In 1967, Mickey Mantle hit his 500th homerun. In 1981, Pope John Paul II was shot and wounded at St. Peter’s Square in Rome, Italy. In 2003, the U.S. government unveiled a newly designed version of the $20 bill. It was the first to be colorized in an effort to stop counterfeiters.
WEDNESDAY WISDOM: “Remember to play after every storm.” —Mattie Stepanek, poet and public speaker
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Editorial: Alison Cooke Mintzer


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