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Insight on Plan Design & Investment Strategy Every Weekday
2019 403(b) Providers
To help readers better understand the competitive landscape, our 2019 403(b) Market Survey provides insight into the experience and capabilities of select recordkeepers.
Strategies for Small Employers to Hold Down Health Benefit Costs
Small Employers can ask for incentives and pricing models from insurers, focus on primary care, and band together to reduced health benefit costs.
Most Read
Data and Research
Minor Saving Increases Can Achieve 75% Income Replacement
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Employers Face ‘Tension’ Between Health Care And Financial Wellness
Investment Product and Service Launches
Investment Metrics releases institutional portfolio data tool; Vantagepoint implements private alternative assets; Avantis selects State Street as ETF service provider; and more.
DIETRICH Talks Annuity Payout Features
With ADQ, the firm’s newest feature, plan sponsors can help employees manage financial risks throughout a lengthier retirement cycle.
Economic Events
Interest on a 30-year fixed-rate mortgage averaged 3.75% for the week ending November 14, up from last week when it averaged 3.69, according to Freddie Mac. Interest on a 15-year fixed-rate mortgage averaged 3.2%, up from last week when it averaged 3.13%.

The Producer Price Index for final demand increased 0.4% in October, as the index for final demand services rose 0.3% and prices for final demand goods advanced 0.7%, the Bureau of Labor Statistics reported. The final demand index moved up 1.1% for the 12 months ended in October.

In the week ending November 9, the advance figure for seasonally adjusted initial claims for unemployment insurance was 225,000, an increase of 14,000 from the previous week’s unrevised level of 211,000, the Labor Departed reported. The four-week moving average was 217,000, an increase of 1,750 from the previous week’s unrevised average of 215,250.
Market Mirror
Thursday, the Dow slipped 1.63 points (0.01%) to 27,781.96, the NASDAQ was down 3.08 points (0.04%) at 8,479.02, and the S&P 500 was up 2.59 points (0.08%) at 3,096.63. The Russell 2000 decreased 6.33 points (0.40%) to 1,588.79, and the Wilshire 5000 increased 23.58 points (0.07%) to 31,520.94.

The price of the 10-year Treasury note increased 28/32, bringing its yield down to 1.824%. The price of the 30-year Treasury bond climbed 1 2/32, decreasing its yield to 2.308%.
Plaintiffs Say AutoZone Breached ERISA Through Prudential’s GoalMaker
AutoZone plan fiduciaries are accused of permitting Prudential to steer an excess of assets towards its own proprietary products via the GoalMaker asset-allocation solution.
AB Closing Mutual Fund TDF Series
"We will be reaching out to plan sponsors about our target-date CIT series,” Jennifer Delong, head of defined contribution at AllianceBernstein, tells PLANSPONSOR.
The Role DC Plan Investment Menus Play in Participant Savings
Do managed accounts or larger investment menus encourage participants to add more to their DC plans?
Small Talk
ON THIS DATE: In 1777, the Continental Congress approved the Articles of Confederation, precursor to the U.S. Constitution. In 1864, Union Gen. William T. Sherman and his troops began their “March to the Sea” during the U.S. Civil War. In 1867, the first stock ticker was unveiled in New York City. In 1926, the National Broadcasting Co. (NBC) debuted with a radio network of 24 stations. In 1939, President Franklin Roosevelt laid the cornerstone of the Jefferson Memorial in Washington, D.C. In 1969, in Washington, D.C., a quarter of a million protesters staged a peaceful demonstration against the Vietnam War. In 1984, “Baby Fae,” a month-old infant who had received a baboon-heart transplant, died at Loma Linda University Medical Center. In 2001, Microsoft released the Xbox gaming console.
And now it’s time for FRIDAY FILES!

In Hilton Head, South Carolina, a man ordered a tea with extra lemon at a McDonald’s. He now believes “extra lemon” was code for marijuana, since he found three bags of weed in his cup. He says he only realized it once he was “high as a kite,” according to the Associated Press. Beaufort County Sheriff’s Office spokesman Maj. Bob Bromage says an investigation is ongoing.

In Ottawa, Canada, a Canadian teacher has successfully claimed a canoe trip as a moving expense, public broadcaster CBC reported. The Canada Revenue Agency (CRA) allows Canadians who move more than 40 kilometers (25 miles) for work or school to deduct eligible expenses from their taxable income. The teacher taught in his hometown of Whitby, Ontario, during the regular academic year and for decades made the annual trip to Ottawa by train, plane or automobile for the July job. But his moving expenses were suddenly rejected by CRA in 2011. The decision was upheld by a tax court that ruled his Ottawa stays did “not constitute a change in ordinary residence,” but rather working vacations. So, in June 2018, he loaded up a battered fiberglass canoe and set out for Ottawa, he told the CBC. The move took him through five provincial parks and up the Rideau Canal. He collected receipts for park admission fees, campfire wood and ice and submitted a claim for almost Can$1,000. Last week, he learned that the CRA had accepted his expenses.

In Singapore, an airport baggage handler has been jailed for 20 days for swapping tags on nearly 300 suitcases at the city-state’s airport, causing them to end up at wrong destinations around the world. The court was told he made the swaps between November 2016 and February 2017 out of “frustration and anger” after his request for additional staff at his work section was ignored. It was also told he was suffering from major depressive disorder when he committed the offences. But state prosecutors said evidence presented at a hearing showed his condition “did not contribute significantly to his commission of the offences” as he continued to have control over his actions.

In Iowa, an inmate serving life for murder offered a novel legal appeal, saying he should be released because he “died” four years ago. He became gravely ill in March 2015 when large kidney stones led to septic poisoning. After he was rushed unconscious to a hospital, doctors had to revive the “dead” man five times. They then operated to repair damage done by the kidney stones. He was eventually returned to prison. According to the AFP, in a court filing in April 2018, the man claimed that because he had momentarily died, his life sentence had technically been completed. His lawyer argued that the inmate had been sentenced to life without parole “but not to life plus one day.” The Iowa Court of Appeals found the argument “unpersuasive.”

Love this dancing Nana.

A problem we thankfully don’t have while driving in the U.S.

Have a great weekend!
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