Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 21st, 2017
Webcast Event
In a very special forum—free and exclusively for plan sponsors—the editors of PLANSPONSOR and PLANADVISER magazines invite you to join industry experts on November 28 as they discuss 2018 retirement plan trends. Read more >
Benefits & Administration
Employers Working to Keep Health Costs for Employees Down
Of employers that offer health insurance to their employees, approximately six in 10 are working to keep costs constant for employees, including employees’ share of premiums (61%), deductibles (59%) and co-pays/co-insurance, according to the annual health care survey released by Transamerica Center for Health Studies (TCHS). The survey also cites reasons employees do not participate in wellness program offerings, and found employees have fears about potential changes to health care policy coming out of Washington. Read more >
AB Outlines Six Ways to Improve DC Plans Markedly
While some plan sponsors may be waiting for Washington to settle on new tax regulations for defined contribution (DC) plans, there are steps that they can be taking to improve their plans now, AB says in a new blog, “Six Steps to Take DC Plans to the Next Level.” Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
2
Congressional Leaders Want SECURE Act Passage in 2019
3
Mechanics of Implementing a Sidecar Savings Account
4
Breaking Free From Interest Rate Bind on DB Funding
5
Principal Announces Key Platform Decisions in Wells Fargo Integration
Industry Voices
SeLFIES Can Improve the Nation’s Retirement Security
Robert C. Merton, Ph.D., and Arun S. Muralidhar, Ph.D., discuss how Standard of Living indexed, Forward-starting, Income-only Securities can address the call for in-plan retirement income solutions. Read more >
Market Mirror

Yesterday, the Dow climbed 72.09 points (0.31%) to 23,430.33, the NASDAQ increased 7.92 points (0.12%) to 6,790.71, and the S&P 500 was up 3.29 points (0.13%) at 2,582.14. The Russell 2000 closed 10.57 points (0.71%) higher at 1,503.40, and the Wilshire 5000 gained 72.04 points (0.27%) to finish at 26,862.42.

 

The price of the 10-year Treasury note decreased 6/32, bringing its yield up to 2.365%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.780%.

Sponsored message from AVIVA INVESTORS
AIQ: The Chairman:
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Compliance
NYU Participants File Second Excessive Fee Complaint
Participants in the New York University and related plans are making a second attempt to sue fiduciaries for excessive fees. After a federal district court judge found most claims in an earlier complaint were not plausibly alleged by the plaintiffs, they filed a second complaint in the U.S. District Court for the Southern District of New York. This case was filed against NYU Langone Hospitals, NYU Langone Health Systems, the retirement plan committee, and several named defendants. In the new complaint, the plaintiffs attempted to offer more evidence that their claims were plausible. Read more >
DOL Reaches Triple Settlement With First Bankers Trust
The U.S. Department of Labor (DOL) has reached agreements to resolve three lawsuits with First Bankers Trust Services Inc. (FBTS), involving the approval of stock purchases for three ESOPs. According to DOL allegations, FBTS violated the Employee Retirement Income Security Act (ERISA) when it approved stock purchases by three employee stock ownership plans (ESOPs). As part of the agreements, FBTS will pay $15.75 million to the plans and reform its procedures for handling ESOP transactions. Read more >
Investing
Twenty-One Percent of Investment Managers Plan to Lower Fees
Twenty-one percent of investment managers plan to lower their fees in 2017, the Callan Institute found in its 2017 Investment Management Fee Survey. Today, only 69% of assets in retirement plans are in actively managed funds, down significantly from 84% in 1996. The most common objection active investment managers hear from retirement plan sponsors is whether they are providing the value-added services to justify their fees, cited by 49% of these investment managers. The median fee that retirement plans pay for investments is 38 basis points (bps). Read more >
Small Talk

ON THIS DATE: In 1620, the Mayflower reached Provincetown, Massachusetts. The ship discharged the Pilgrims at Plymouth, Massachusetts, on December 26, 1620. In 1789, North Carolina became the 12th state to ratify the U.S. Constitution. In 1877, Thomas A. Edison announced the invention of his phonograph. In 1922, Rebecca L. Felton of Georgia was sworn in as the first woman to serve as a member of the U.S. Senate. In 1962, U.S. President John Kennedy terminated the quarantine measures against Cuba. In 1980, an estimated 83 million viewers tuned in to find out “who shot J.R.” on the CBS prime-time soap opera Dallas. In 1993, the U.S. House of Representatives voted against making the District of Columbia the 51st state. In 2000, the Florida Supreme Court granted Al Gore’s request to keep the presidential recounts going.

TRIVIAL PURSUITS: Which U.S. State has the highest rate of twin births? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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