Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 25th, 2017
Benefits & Administration
Tips for Using Social Media to Engage Participants
According to Corporate Insight, plans can see as much as a 50% increase in communication with Millennials by using social media versus relying on call centers and in-person interactions. Read more >
PLANSPONSOR Research
2017 PLANPSONSOR Defined Benefit Administration Survey
Long has the death knell been sounded for the traditional defined benefit (DB) pension plan. However, among plan providers that participated in both the 2015 and 2017 PLANSPONSOR Defined Benefit Administration surveys, plan counts are up substantially—by 22.0%. DB plan providers and plan sponsors continue to evaluate strategies for improving overall outcomes. Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
2
Congressional Leaders Want SECURE Act Passage in 2019
3
Mechanics of Implementing a Sidecar Savings Account
4
Breaking Free From Interest Rate Bind on DB Funding
5
Principal Announces Key Platform Decisions in Wells Fargo Integration
PLANSPONSOR National Conference
The featured speaker at this year’s PLANSPONSOR National Conference is Dr. Punam A. Keller, Charles Henry Jones Third Century Professor of Management, Tuck School of Business at Dartmouth College. Keller is a behavior change expert who works with companies, foundations, and government agencies that are interested in changing employees’ health and saving behaviors. Her work has included developing retirement saving initiatives by which state employers, recordkeepers and plan sponsors can better engage their plan participants and spur them to save. More about the Conference speakers and agenda is here. Read more >
Economic Events

Stubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of 29 days, according to the National Association of Realtors. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dipped 2.3% to a seasonally adjusted annual rate of 5.57 million in April from a downwardly revised 5.70 million in March. Despite last month’s decline, sales are still 1.6% above a year ago and at the fourth highest pace over the past year.

Sponsored message from First State Investments
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Market Mirror

Wednesday, the Dow climbed 74.51 points (0.36%) to 21,012.42, the NASDAQ closed 24.31 points (0.40%) higher at 6,163.02, and the S&P 500 was up 5.97 points (0.25%) at 2,404.39. The Russell 2000 increased by 1.52 (0.11%) to 1,382.50, and the Wilshire 5000 gained 61.80 points (0.25%) to finish at 25,009.92.

The price of the 10-year Treasury note was up 11/32, decreasing its yield to 2.248%. The price of the 30-year Treasury bond increased 18/32, bringing its yield down to 2.921%.

Compliance
Plan Sponsors, Advisers Must Move Forward on Fiduciary Rule Compliance
The U.S. Department of Labor (DOL) has confirmed that it will not seek to further delay the June 9, 2017, applicability date of the new fiduciary rule defining investment advice and establishing the best interest contract exemption (BICE) and other related exemptions under the Employee Retirement Income Security Act (ERISA). Plan sponsors are reminded of the rule’s provisions regarding education. Read more >
University of Chicago Faces Excessive Fee Lawsuit
The university is accused of not negotiating a better price for recordkeeping and retaining high cost, underperforming investments, among other things. Read more >
Industry Voices
Taking Your Plan (and Participants) to the Next Level
Rick Irace, chief operating officer, Ascensus Retirement, discusses the biggest challenges plan sponsors face in today’s environment, as well as how they can embrace their growing list of responsibilities to help employees financially prepare for the future. Read more >
Small Talk

ON THIS DATE: In 1787, the Constitutional convention opened in Philadelphia with George Washington presiding. In 1925, John Scopes was indicted for teaching the Darwinian theory in school. In 1927, Ford Motor Company announced that the Model A would replace the Model T. In 1935, Babe Ruth hit his final homerun, his 714th, and set a record that would stand for 39 years. In 1935, Jesse Owens tied the world record for the 100-yard dash. He ran it in 9.4 seconds. He also broke three other world track records. In 1961, America was asked by U.S. President John Kennedy to work toward putting a man on the moon before the end of the decade. In 1968, the Gateway Arch, part of the Jefferson National Expansion Memorial in St. Louis, Missouri, was dedicated. In 1981, daredevil Daniel Goodwin scaled Chicago’s Sears Tower, while wearing a “Spiderman” costume, in 7 1/2 hours. In 1986, approximately seven million Americans participated in “Hands Across America.” In 1992, Jay Leno debuted as the new permanent host of NBC’s “Tonight Show.” In 1997, U.S. Senator Strom Thurmond became the longest-serving senator in U.S. history (41 years and 10 months). In 2001, Erik Weihenmayer, 32, of Golden, Colorado, became the first blind climber to reach the summit of Mount Everest. In 2001, Sherman Bull, 64, of New Canaan, Connecticut, became the oldest climber to reach the summit of Mount Everest. In 2006, in Houston, former Enron Corp. chiefs Kenneth Lay and Jeffrey Skillinng were convicted of conspiracy and fraud for the downfall of Enron.

SURVEY SAYS: We recently covered a survey which found fewer companies are offering summer perks such as flexible schedules, shorter hours on Fridays and a relaxed dress code. This week, I’d like to know, does your company offer perks for the summer months, and which perk would you most value? You may respond to this week’s survey by 6 p.m. Pacific time today. Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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