November 14th, 2019 Insight on Plan Design & Investment Strategy Every Weekday Administration Employer Student Debt Help Not Reaching All Who Need It A Fidelity analysis found Baby Boomers and Generation X have high student loan debt, but as it may be for their children’s education, many employer programs are not helping. Investing DB Plan Sponsors Focused on Cost and Funded Status Concerns They are lengthening bond durations and increasing liability-hedging fixed income allocations, a Vanguard survey found. Most Read Administration IRS Updates Life Expectancy Tables for Retirees Compliance Recent TDF Performance Lawsuits Raise Insurer Ire Ask the Experts Should Each Recordkeeper Use Its Own Plan Document? Economic Events In October, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4%, seasonally adjusted (SA), rising 1.8% over the year, not seasonally adjusted (NSA), according to the Bureau of Labor Statistics. The index for all items less food and energy rose 0.2% in October, SA; up 2.3% over the year, NSA. Real average hourly earnings decreased 0.2% over the month in October, SA. Average hourly earnings increased 0.2% and CPI-U increased 0.4%. Real average weekly earnings decreased 0.1% over the month. Market Mirror Wednesday, the Dow closed 92.10 points (0.33%) higher at 27,783.59, the NASDAQ was down 3.99 points (0.05%) at 8,482.10, and the S&P 500 increased 2.20 points (0.07%) to 3,094.04. The Russell 2000 decreased 5.94 points (0.37%) to 1,589.18, and the Wilshire 5000 was up 9.16 points (0.03%) at 31,497.28. The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.889%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 2.368%. Feature 2019 PLANSPONSOR National Conference We give you a window into our 14th annual gathering. Participants With Market Gains, Participant Transfers Favor Fixed Income in October October saw gains broadly for capital market indices, but for 401(k) plan participant transfers, 21 out of 23 days saw net trading move from equity to fixed income. Small Talk ON THIS DATE: In 1832, the first streetcar went into operation in New York City. The vehicle was horse-drawn and had room for 30 people. In 1851, Herman Melville’s novel “Moby Dick” was first published in the U.S. In 1883, the gunslinger Franklin “Buckskin” Leslie shot and killed Billy “The Kid” Claiborne in the streets of Tombstone, Arizona. In 1965, in the first major engagement of the war between regular U.S. and North Vietnamese forces, elements of the 3rd Brigade, 1st Cavalry Division (Airmobile) fought a pitched battle with Communist main-force units in the Ia Drang Valley of the Central Highlands. In 1968, Yale University announced it was going co-educational. In 1970, a chartered jet carrying most of the Marshall University football team clipped a stand of trees and crashed into a hillside just two miles from the Tri-State Airport in Kenova, West Virginia, killing everyone onboard. In 1972, Blue Ribbon Sports became Nike. In 1979, President Jimmy Carter froze all Iranian assets in the United States and U.S. banks abroad in response to the taking of 63 American hostages at the U.S. embassy in Tehran, Iran. In 1995, the U.S. government instituted a partial shutdown, closing national parks and museums while most government offices operated with skeleton crews. SURVEY SAYS: This time of year, employers start thinking about holiday parties to reward employees and boost morale. I’d like to know, what do you think of workplace holiday parties? Is there something else you’d rather your employer do instead? You may respond to this week’s survey by 6 p.m. Pacific time today. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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