Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 2nd, 2017
Benefits & Administration
Retirement Planners Want to Know How Much They Can Spend
Investors planning for their post-employment years, as well as those already in them, want to know what they will be able to spend annually, a survey from Dimensional Fund Advisors found. Twenty-eight percent of those planning for retirement said that is the most valuable information an adviser can provide them. Additionally, of the nearly 19,000 investors responding to the global survey, 28% said their likelihood of achieving their retirement goals is the most important information their adviser can provide. Read more >
Most Americans Oppose Limiting Pre-Tax Deferrals to DC Plans
Fifty-seven percent of Americans somewhat or strongly oppose reducing the maximum amount employees can defer into a defined contribution (DC) plan to $2,400 per year, according to a POLITICO/Morning Consult poll. Tax reform proposals have suggested that anything above that be contributed on an after-tax, or Roth, basis. Nearly one-third of survey respondents said if this provision of tax reform is passed, it will cause them to save less in their retirement accounts. Read more >
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Products, Deals and People
Hospital Indemnity Coverage Can Help With Out-of-Pocket Medical Costs
UnitedHealthcare has introduced nationwide new Hospital Indemnity Protection plans that provide a cash benefit to help fund employees’ out-of-pocket medical expenses or meet other financial needs after a hospital stay. More employers are offering ancillary benefit plans, including hospital indemnity coverage, as a way to add financial certainty for employees, especially with more than 80% of employers now offering consumer-directed health plans (CDHPs), UnitedHealthcare contends. Read more >
Economic Events

Construction spending during September was estimated at a seasonally adjusted annual rate of $1,219.5 billion, 0.3% above the revised August estimate of $1,216.0 billion, the Census Bureau reported. The September figure is 2.0% above the September 2016 estimate of $1,195.6 billion. During the first 9 months of this year, construction spending amounted to $917.0 billion, 4.3% above the $879.6 billion for the same period in 2016.

Sponsored message from AVIVA INVESTORS
What the yield curve says-and doesn’t say-about the economy
The U.S. yield curve has historically been an accurate barometer of the economic outlook, but the recent flattening may not necessarily point to a recession. James McAlevey, senior fixed income manager at Aviva Investors, explains why. Read more >
Market Mirror

Wednesday, the Dow closed 57.77 points (0.25%) higher at 23,435.01, the NASDAQ was down 11.14 points (0.17%) at 6,716.53, and the S&P 500 increased 4.10 points (0.16%) to 2,579.36. The Russell 2000 decreased 9.76 points (0.65%) to 1,492.77, and the Wilshire 5000 was up 37.07 points (0.14%) at 26,797.26.

 

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 2.371%. The price of the 30-year Treasury bond increased 17/32, bringing its yield down to 2.851%.

Industry Voices
Barry’s Pickings Online: The Bureaucratization—and Politicization—of Capital Formation
Michael Barry, president of the Plan Advisory Services Group, discusses issues with suggestions for reducing retirement plan fees. Read more >
Investing
Institutional Plan Sponsors Continue to See Uptick in Returns
A relatively large allocation to international equities in Public Funds helped them beat out returns for Corporate Employee Retirement Income Security Act (ERISA) plans and Foundations & Endowments, according to Northern Trust. Read more >
Small Talk

ON THIS DATE: 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 1883, Thomas Edison executed a patent application for an electrical indicator using the Edison effect lamp (U.S. Pat. 307,031). 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, 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 John Kennedy announced that the U.S.S.R. was dismantling the missile sites in Cuba. 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 1984, Velma Barfield became the first woman to be executed in the U.S. since 1962. She had been convicted of the poisoning death of her boyfriend. 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.

SURVEY SAYS: The holidays are coming up. This week, I’d like to know, does your company hold holiday events during work hours, and if so, are they a distraction to you or your co-workers? You may respond to this week’s survey by 6 p.m. Pacific time today. Read more >
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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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