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Insight on Plan Design & Investment Strategy Every Weekday
Possibility of Open MEPs Comes With Questions
Open MEPs are likely to come in many "models," so questions about pricing and fiduciary responsibility remain, MassMutual says.
Union Pension Funding Crisis Solution Proposed By Senate Republicans
The Republican proposal includes a new option to partition plans, new actuarial and accounting requirements, and a new PBGC premium structure.
Most Read
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Plan Sponsors and Participants Cite Different ‘Important’ Benefits
Managed Account Fees Challenged in Latest ERISA Lawsuit
Economic Events
In the week ending November 16, the advance figure for seasonally adjusted initial claims for unemployment insurance was 227,000, unchanged from the previous week’s revised level of 227,000, the Labor Department reported. The four-week moving average was 221,000, an increase of 3,500 from the previous week’s revised average of 217,500.

Existing-home sales rose in October, a slight recovery from the declines seen in September, according to the National Association of Realtors. The four major U.S. regions were split last month, with the Midwest and the South seeing growth, and the Northeast and the West both reporting a drop in sales. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.9% from September to a seasonally-adjusted annual rate of 5.46 million in October. Despite lingering regional variances, overall sales are up 4.6% from a year ago (5.22 million in October 2018).

The average interest rate for a 30-year fixed-rate mortgage is 3.66%, down from 3.75% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.15%, down from 3.2%.
Market Mirror
Thursday, the Dow lost 54.80 points (0.20%) to finish at 27,766.29, the NASDAQ closed 20.52 points (0.24%) lower at 8,506.21, and the S&P 500 was down 4.92 points (0.16%) at 3,103.54. The Russell 2000 decreased 7.62 points (0.48%) to 1,583.99, and the Wilshire 5000 fell 58.72 points (0.19%) to 31,607.15.

The price of the 10-year Treasury note fell 25/32, increasing its yield to 1.777%. The price of the 30-year Treasury bond decreased 4/32, bringing its yield up to 2.232%.
Private Equity Could Boost DC Plan Participant Returns
Research finds including private equity in balanced and target-date funds offers return and diversification benefits.
Investment Product and Service Launches
Pacific Global adds ETFs to complement flagship fund, and Federated Investors Reorganizes Investments of PNC Capital Advisors.
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 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, President John F. Kennedy was assassinated while riding in a motorcade in Dallas. Texas Governor John B. Connally was also seriously wounded. Vice-President Lyndon B. Johnson was inaugurated as the 36th U.S. President. In 1972, 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 at the largest swearing-in ceremony. 1990 – British Prime Minister Margaret Thatcher announced she would resign. In 1993, Mexico’s Senate overwhelmingly approved the North American Free Trade Agreement. In 2005, Angela Merkel was elected as Germany’s first female chancellor.
And now it’s time for FRIDAY FILES!

In Tucson, Arizona, a man claims a taco saved his life. He was eating a taco while driving his car, and suddenly the window on the driver’s side shattered, according to Tucson station KOLD TV. Someone had shot through the window. The man told KOLD he normally drives with his car window down with his arm on the window ledge―the same spot where the bullet hit his car. “I’m pretty sure [eating a] taco saved my life…,” he said. “I had the window closed because I didn’t want pieces of the taco flying around.”

For my fellow BonJovi fans.

I know mail carriers have to be careful of dogs, but turkeys???

The sweetest, most-selfless (and a very smart) child.

Have a wonderful weekend!
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