Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 22nd, 2016
Benefits & Administration
Questionable Future for Multiemployer Pension Plans
Milliman reports that multiemployer pension plans’ funded status has been steady so far in 2016, but its analysis shows questionable results for these plans going forward.Read more >
DC Retirement Plan Committees Face Tough Choices
As workplace retirement plans continue to become the predominant method that American workers are using to save for retirement, the fiduciary responsibilities of retirement plan committees are becoming more complex, according to SEI. The majority of the members of plan committees come from the human resources department, and these individuals may not be equipped to assess investments, SEI notes.Read more >
MOST READ ARTICLES
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2021 Recordkeeping Survey
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2021 Plan Sponsor of the Year
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Most DB Plan Sponsors Seeking an Exit
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TRIVIAL PURSUITS: From where did the phrase ‘Beam me up, Scotty’ originate?
5
Mismanagement of ERISA Accounts
Pension Risk Transfers on the Rise
Global consulting firm Mercer discovered some new trends in the world of pension de-risking.Read more >
How Employers Are Designing Wellness Programs
Most industry experts agree that employee education is the most critical component to making a wellness program successful. However, United Benefit Advisors (UBA) finds it starts with properly educating employers about their options, their responsibilities, and opportunities available to them. For this reason, UBA has issued a report about how employers use physical wellness programs.Read more >
All Generations Struggling to Meet Retirement Goals
A survey reveals motivations to get retirement plan participants to save more.Read more >
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

Yesterday, the Dow gained 88.76 points (0.47%) to finish at 18,956.69, the NASDAQ closed 47.35 points (0.89%) higher at 5,368.86, and the S&P 500 increased 16.28 points (0.75%) to 2,198.18. The Russell 2000 was up 6.59 points (0.50%) at 1,322.23, and the Wilshire 5000 climbed 183.73 points (0.81%) to 22,989.66.

On the NYSE, 3.1 billion shares traded, with advancing issues outnumbering declining issues 3 to 1. On the NASDAQ, 2.9 billion shares changed hands, with a 1.4 to 1 ratio of advancers to decliners.

The price of the 10-year Treasury note increased 13/32, bringing its yield down to 2.317%. The price of the 30-year Treasury bond climbed 25/32, decreasing its yield to 2.996%.
Compliance
Court Dismisses Retirement Plan Suit Against Disney
U.S. District Judge Percy Anderson of the U.S. District Court for the Central District of California has dismissed a lawsuit in which a participant in the Disney Savings and Investment Plan challenged plan fiduciaries’ continued offering of The Sequoia Fund as a plan investment option. A participant in Disney’s retirement plan alleged that fiduciaries should have dropped a fund from the plan investment menu because one of its underlying investments showed signs of trouble.Read more >
Small Talk
ON THIS DATE: In 1718, English pirate Edward Teach (a.k.a. “Blackbeard”) was killed during a battle off the coast of North Carolina. In 1910, Arthur F. Knight patented a steel shaft to replace wood shafts in golf clubs. In 1935, the first trans-Pacific airmail flight began in Alameda, California, when the flying boat known as the China Clipper left for Manila. The craft was carrying more than 110,000 pieces of mail. In 1942, during World War II, the Battle of Stalingrad began. In 1950, the lowest scoring game in the NBA was played. The Fort Wayne Pistons (later the Detroit Pistons) defeated the Minneapolis Lakers (later the Los Angeles Lakers) 19-18. In 1963, U.S. President John F. Kennedy was assassinated while riding in a motorcade in Dallas, Texas. Vice-President Lyndon B. Johnson was inaugurated as the 36th U.S. President. In 1972, U.S. President Richard M. Nixon lifted a ban on American travel to Cuba. The ban had been put in place on February 8, 1963. In 1985, 38,648 immigrants became citizens of the United States. It was the largest swearing-in ceremony. In 1986, Mike Tyson became the youngest to wear the world heavyweight-boxing crown, at 20 years and 4 months old. In 1990, British Prime Minister Margaret Thatcher announced she would resign. In 1998, CBS’s “60 Minutes” aired a tape of Jack Kevorkian giving lethal drugs in an assisted suicide of a terminally ill patient. Kevorkian was later sentenced to 25 years in prison for second-degree mur.der.
TRIVIAL PURSUITS: Buttermilk contains zero butter. So why is it called buttermilk?Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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