Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 2nd, 2016
Strategic Insight News
Strategic Insight Acquires BrightScope
Strategic Insight, the data and business intelligence provider for the global asset management community, announced the next stage of its growth strategy with the acquisition of BrightScope.Read more >
Benefits & Administration
Women Face Struggles While Saving and in Retirement
In order for two recent college graduates to have the same amount of money saved for retirement, the average man would need to save 10% of his salary, while the woman would need to save 18%, a study suggests.Read more >
Bills to Nullify the Retirement Security Rule Proposed in Congress
Dealing with Stress, Burnout in the HR, Benefits Department
Deals and People
BlackRock’s Retirement Head Ackerley Moving to Adviser Role
Products, Deals and People
John Hancock Releases Financial Wellness Program
John Hancock Retirement Plan Services has partnered with EverFi to release an online financial wellness platform. Now available to all John Hancock retirement plan participants, My Learning Center is a digital program offering education based on core financial competency. Subjects covered through this mobile and tablet-ready platform range from identity protection and credit card management to estate planning, with more than 20 modules offered in English and Spanish.Read more >
Economic Events
The U.S. Census Bureau of the Department of Commerce announced that construction spending during September was estimated at a seasonally adjusted annual rate of $1,150.0 billion, 0.4% below the revised August estimate of $1,154.4 billion. The September figure is 0.2% below the September 2015 estimate of $1,152.1 billion. During the first nine months of this year, construction spending amounted to $863.2 billion, 4.4% above the $826.8 billion for the same period in 2015.
Sponsored message from SSGA
Investment Quarterly: The New Active
The combination of big data and artificial intelligence is transforming how active managers identify new factor signals to build better alpha models.Read more >
Market Mirror

Tuesday, the Dow lost 105.32 points (0.58%) to finish at 18,037.10, the NASDAQ closed 35.56 points (0.69%) lower at 5,153.58, and the S&P 500 decreased 14.43 points (0.68%) to 2,111.72. The Russell 2000 was down 13.35 points (1.12%) at 1,178.03, and the Wilshire 5000 fell 159.02 points (0.72%) to 21,913.48.

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

The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.833%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 2.582%.
Ask the Experts
Why Would a Church Plan Elect ERISA Coverage?
“Why would a church ever want to elect Employee Retirement Income Security Act (ERISA) coverage in for its retirement plans? Have the Experts come across examples of churches who have elected ERISA coverage for their plans, and, if so, why?”Read more >
Informational Copies of 2016 Form 5500 Released
The U.S. Department of Labor’s (DOL)’s Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) released advance informational copies of the 2016 Form 5500 annual return/report and related instructions. The “Changes to Note” section of the 2016 instructions highlight important modifications to the Form 5500 and Form 5500-SF and their schedules and instructions.Read more >
From the Magazine
Year-End Compliance
As 2016 winds down, plan sponsors are tasked with providing required notices to employees, documenting plan administrative changes and ensuring they comply with any new regulations, so as to meet year-end deadlines and remain a qualified plan.Read more >
Small Talk
What makes workers happy? Happiness at work varies by an employee’s age, gender and field, among other factors, according to a study of more than 12,000 U.S. and Canadian workers by Robert Half, in collaboration with happiness and well-being expert Nic Marks. The study reveals the top drivers of worker happiness.Read more >

ON THIS DATE: In 1776, during the American Revolutionary War, William Demont, became the first traitor of the American Revolution when he deserted. In 1783, U.S. General George Washington gave his “Farewell Address to the Army” near Princeton, New Jersey. In 1867, “Harpers Bazaar” magazine was founded. In 1889, North Dakota and South Dakota were admitted into the union as the 39th and 40th states. In 1920, the first commercial radio station in the U.S., KDKA of Pittsburgh, Pennsylvania, began regular broadcasting. In 1948, Harry S. Truman defeated Thomas E. Dewey for the U.S. presidency. The Chicago Tribune published an early edition that had the headline “DEWEY DEFEATS TRUMAN.” The Truman victory surprised many polls and newspapers. In 1962, U.S. President Kennedy announced that the U.S.S.R. was dismantling the missile sites in Cuba. In 1966, the Cuban Adjustment Act allowed 123,000 Cubans to apply for permanent residence in the U.S. In 1983, U.S. President Ronald Reagan signed a bill establishing a federal holiday on the third Monday of January in honor of civil rights leader Dr. Martin Luther King Jr. In 1992, Magic Johnson retired from the NBA again, this time for good because of fear due to his HIV infection. In 1993, Christie Todd Whitman was elected the first woman governor of New Jersey.


WEDNESDAY WISDOM: “Be true to your work, your word, and your friend.”—John Boyle O’Reilly, poet, journalist and fiction writer
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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