Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 2nd, 2017
Benefits & Administration
Retirement Plan Recordkeepers Provide 'Low Advice'
More than half of households with $100,000 to $500,000 in investable assets rely on “low advice” providers, a new Cerulli Associates analysis finds. Read more >
TIAA Observes More Demand for Advice from Participants
According to the TIAA Institute’s report, “New Evidence on the Demand for Advice within Retirement Plans,” demand for advice from retirement plan participants was much higher between 2012 and 2014 than it was between 2009 and 2011. TIAA says this structural break partly reflects the introduction of online tools, which are less costly for participants to access (and less costly for TIAA to provide) than in-person advice. However, the analysis also reveals a significant jump in demand for in-person advice between 2011 and 2012. Read more >
Confidence in Secure Retirement Increases
Those who are worried about not having enough money throughout their retirement has declined. Read more >
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Products, Deals and People
Transamerica Launches Voice Access to Accounts
Transamerica is launching Transamerica Voice Pass, a feature developed with Nuance Communications, Inc., that increases security and enhances the customer experience by leveraging voice biometrics technology within a natural language understanding system. Once a customer is enrolled in the optional service, he or she simply speaks the passphrase, “At Transamerica, my voice is my password,” to securely access their accounts, without the need for additional passwords, PINs, security questions or subsequent calls. Read more >
The More Information ERISA Litigators Have, the Better
An ERISA litigator weighs in on whether information from a new analytics tool would be helpful to attorneys and their plan sponsor clients. Read more >
Sponsored message from Natixis
Target Date. Sustainable Focus.
62% of participants would contribute more to their 401(k) plan if it advanced social good. The opportunity to invest in a better future has arrived. Introducing the industry’s first ESG-driven target date funds: Natixis Sustainable Future Funds. 1766790.1.1 Read more >
Economic Events

Construction spending during March was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.2% below the revised February estimate of $1,220.7 billion, the Census Bureau announced. The March figure is 3.6% above the March 2016 estimate of $1,176.4 billion. During the first three months of this year, construction spending amounted to $259.5 billion, 4.9% above the $247.5 billion for the same period in 2016.

Market Mirror

Yesterday, the Dow decreased 27.05 points (0.13%) to 20,913.46, the NASDAQ gained 44.00 points (0.73%) to finish at 6,091.60, and the S&P 500 was up 4.13 points (0.17%) at 2,388.33. The Russell 2000 climbed 42.80 points (3.14%) to 1,407.36, and the Wilshire 5000 closed 51.28 points (0.21%) higher at 24,929.76.

The price of the 10-year Treasury note decreased 12/32, bringing its yield up to 2.325%. The price of the 30-year Treasury bond fell 1 3/32, increasing its yield to 3.008%.

Small Talk

ON THIS DATE: In 1670, The Hudson Bay Company was founded by England’s King Charles II. In 1865, U.S. President Andrew Johnson offered $100,000 reward for the capture of Confederate President Jefferson Davis. In 1885, the magazine “Good Housekeeping” was first published. In 1890, the Oklahoma Territory was organized. In 1939, Lou Gehrig set a new major league baseball record when he played in his 2,130th game. The streak began on June 1, 1925. In 1941, the Federal Communications Commission agreed to let regular scheduling of TV broadcasts by commercial TV stations begin on July 1, 1941. This was the start of network television. In 1946, prisoners revolted at California’s Alcatraz prison. In 1970, student anti-war protesters at Ohio’s Kent State University burned down the campus ROTC building. The National Guard took control of the campus. In 1994, Nelson Mandela claimed victory after South Africa’s first democratic elections.

TRIVIAL PURSUITS: Which cities have the largest police force per capita? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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