Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 3rd, 2018

2018 PLANSPONSOR Service Stars

Profiles of our Class of 2018 Service Star winners are now online. Read more >
Webcast Event
Join us May 10 for the webcast “Using Employee Data to Select an Optimal Default: Where Can Managed Accounts Fit? Read more >
Benefits & Administration
Wisconsin Private Colleges Unite Retirement Plans in ‘403(b) MEP’
The Wisconsin Association of Independent Colleges and Universities announced a partnership with Transamerica to create a 403(b) multiple employer retirement plan specifically for its educational institution members. Read more >
Pension Funded Status Jumped in April on Higher Treasury Rates
Data provided by LGIMA suggests the average U.S. pension plan’s funding ratio increased a full 2% during the month of April. Read more >
Products, Deals and People
New Guide for 403(b), 457 Plans from NTSA
The National Tax-Deferred Savings Association (NTSA) has issued a new guide, “Best Practices for 403(b) and 457(b) Plans,” to assist plan sponsors, consultants, distributors, product providers and third-party administrators (TPAs) with critical information. Read more >
Market Mirror
Wednesday, the Dow was down 174.07 points (0.72%) at 23,924.98, the NASDAQ closed 29.81 points (0.42%) lower at 7,100.90, and the S&P decreased by 19.13 points (0.72%) to 2,635.67. The Russell 2000 gains 4.58 points (0.30%) to finish at 1,554.92, and the Wilshire 5000 was down 169.68 points (0.61%) at 27,422.88.   The price of the 10-year Treasury note was down 2.32, increasing its yield to 2.974%. The price of the 30-year Treasury bond decreased 10/32, bringing its yield up to 3.146%.
MOST READ ARTICLES
1
Adidas Sued Over Excessive Fees for 401(k) Participants
2
(b)lines Ask the Experts – Proper Delivery Method for SPDs
3
Yale Sued Over Wellness Program ‘Penalty’
4
Employees in Two States Miss Out on One HSA Benefit
5
Some Help for Women’s Retirement Savings Gap May Be Coming
Compliance
Fiduciary Compliance and Best Practices
Fred Reish, partner at Drinker, Biddle and Reath, told attendees of the Plan Sponsor Council of America 71st Annual National Conference, from his perspective, plan sponsors have a “best practices hat,” meaning “plan sponsors have an option of going beyond looking at what benefits the participants or employer. Meeting minimal objectives of the law is not the goal.” Read more >
Investing
TDFs Can Provide Retirement Income as Part of ‘Auto Retirement’
BlackRock Managing Director Anne Ackerley, in conversation with PLANSPONSOR, explains new opportunities to deliver retirement income solutions to plan participants, including through the qualified default investment alternative (QDIA). Read more >
Small Talk

ON THIS DATE: In 1802, Washington, D.C., was incorporated as a city. In 1855, Macon B. Allen became the first African American to be admitted to the Bar in Massachusetts. In 1933, the U.S. Mint was under the direction of a woman for the first time when Nellie Ross took the position. In 1937, Margaret Mitchell won a Pulitzer Prize for “Gone With The Wind.” In 1966, the game “Twister” was featured on the “Tonight Show” with Johnny Carson. In 1968, after three days of battle, the U.S. Marines retook Dai Do complex in Vietnam. They found that the North Vietnamese had evacuated the area. In 1971, anti-war protesters began four days of demonstrations in Washington, D.C. In 2006, in Alexandria, Virginia, Al-Quaida conspirator Zacarias Moussaoui was given a sentence of life in prison for his role in the terrorist attack on the U.S. on September 11, 2001.

 

 

No SURVEY SAYS this week.

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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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