Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 16th, 2016
Benefits & Administration
Retirement Outlook Far Different for Millennial Men and Women
Millennial men and women view retirement planning and saving significantly differently, a survey by Schwab Retirement Plan Services found. Fifty-four percent of Millennial men are mostly concerned about their health in retirement, and 46% are apprehensive about their savings—but 70% of Millennial women are more concerned with their financial security once they stop working.Read more >
Products, Deals and People
In an effort to help financial advisers and plan sponsors meet fiduciary obligations, CUNA Mutual Retirement Solutions has partnered with investment monitoring subsidiary Envestnet | Retirement Solutions (ERS). Through the use of the ERS SCORE (Style, Cost, Organization, Risk and Execution) methodology, as well as qualitative and quantitative criteria, ERS will be able to examine financial products in order to provide a subset of investments.Read more >
2022 Recordkeeping Survey
Defined Benefit Plans May Have New Life
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Ask the Experts
How Would the 415 Annual Additions Limit Be Met?
“I noticed that, though the elective deferral limits for retirement plans did not increase for 2017, the 415 dollar limit on combined employer/employee contributions did, from $53,000 to $54,000. However, I am confused as to how such a limit would ever come into play for a retirement plan, since it is so high. Can the Experts enlighten me?”Read more >
Economic Events

The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments for September, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,314.6 billion, up 0.7% from August and up 0.8% from September 2015.

Advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $465.9 billion, an increase of 0.8% from the previous month, and 4.3% above October 2015.
Sponsored message from J.P. Morgan Asset Management
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Tackle retirement saving and investing at work. Use our insights to help with investment and plan design decisions.Read more >
Market Mirror

Tuesday, the Dow closed 54.37 points (0.29%) higher at 18,923.06, the NASDAQ gained 57.23 points (1.10%) to finish at 5,275.62, and the S&P 500 increased 16.19 points (0.75%) to 2,180.39. The Russell 2000 was up 3.55 points (0.27%) at 1,302.14, and the Wilshire 5000 climbed 162.72 points (0.72%) to 22,759.25.

On the NYSE, 3.1 billion shares traded, with advancing issues outnumbering declining issues more than 2 to 1. On the NASDAQ, 2.9 billion shares changed hands, with 3 advancers for every 2 decliners.

The price of the 10-year Treasury note was up 10/32, decreasing its yield to 2.229%. The price of the 30-year Treasury bond increased 29/32, bringing its yield down to 2.967%.
Edward Jones Sued for Second Time over Alleged Fiduciary Failures
A new proposed class action lawsuit filed against Edward Jones in the U.S. District Court of Missouri accuses the firm of a number of fiduciary breaches, including failing to adequately control investment costs on behalf of participants and favoring the use of funds provided by the investment advisory firm’s revenue-sharing partners.Read more >
Retirement Proposals on the Table for Trump Administration
There is a question whether retirement policy is a priority for president-elect Donald Trump, but there are many proposals out there for his administration to consider.Read more >
One-third of institutional investors plan to increase portfolio allocations to impact investing in the coming three years, according to a survey by Greenwich Associates and American Century Investments. One-quarter of those institutions plans to boost allocations by more than 10%.Read more >
Net new flows to long-term mutual funds and exchange-traded products (ETPs) totaled $8.3 billion in October, according to Strategic Insight, parent company of PLANSPONSOR. Active and passive strategies continued to experience divergent trends in net investments, with passive funds leading demand.Read more >
ESG Investors Weight Performance and Moral Considerations
According to a new analysis published by the Center for Retirement Research at Boston College, “New Developments in Social Investing by Public Pensions,” public pension funds, corporate-sponsored 401(k) plans and university endowments are considering environmental, social and governance (ESG) investing. CRR observes there is an increasing amount of empirical evidence across each of these approaches that shows incorporating ESG factors into investment decisions can at least marginally improve the investment selection process and enhance risk-adjusted returns. However, as in the wider market, there are many ESG or impact investment programs available, some of which will outperform and many more that will not.Read more >
Small Talk
Many employees like their bosses, but managers still have much work to do, according to new research from staffing firm Accountemps. Nearly two in three workers (64%) said they are happy with their supervisors, and another 29% are somewhat happy with their bosses. Only 8% of workers give their manager a thumbs down. Yet, despite generally positive attitudes about the higher-ups, there were some areas where respondents felt their mangers could improve. Topping the list were communication, cited by 37% of those polled, and recognition named by 31% of respondents. Some views of the boss differed by generation.Read more >

ON THIS DATE: In 1776, British troops captured Fort Washington during the American Revolution. In 1907, Oklahoma was admitted as the 46th state. In 1915, Coca-Cola had its prototype for a contoured bottle patented. The bottle made its commercial debut the next year. In 1933, the United States and the Soviet Union established diplomatic relations for the first time. In 1969, the U.S. Army announced that several had been charged with mas.sacre and the subsequent cover-up in the My Lai mas.sacre in Vietnam on March 16, 1968. In 1973, Skylab 3 carrying a crew of three astronauts, was launched from Cape Canaveral on an 84-day mission. In 1973, U.S. President Richard Nixon signed the Alaska Pipeline measure into law. In 1981, a vaccine for hepatitis B was approved. The vaccine had been developed at Merck Institute for Therapeutic Research. In 1998, the U.S. Supreme Court said that union members could file discrimination lawsuits against employers even when labor contracts require arbitration. In 1999, Johnny Depp received a star on the Hollywood Walk of Fame. In 2000, Bill Clinton became the first serving U.S. president to visit Communist Vietnam.


WEDNESDAY WISDOM: “Even though we’re a week and a half away from Thanksgiving, it’s beginning to look a lot like Christmas.”—Richard Roeper, movie critic
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer


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