Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 25th, 2014
PLANSPONSOR Research
PLANSPONSOR’s 2014 DC Survey
For nearly two decades, PLANSPONSOR’s annual Defined Contribution Survey has been the most important industry benchmark, measuring and evaluating defined contribution (DC) retirement plan providers according to feedback from their own clients. PLANSPONSOR’s 2014 Defined Contribution Survey is now online.Read more >
Sponsored message from Vanguard
Portfolio Construction Trends on the Mind of Investors What portfolio construction issues and themes are on the minds of investors recently? In this brief video, Joe Davis, Vanguard’s chief economist and head of Vanguard Investment Strategy Group, and Catherine Gordon, an Investment Strategy Group principal, discuss emerging trends in client conversations, including the outlook on equity markets and fixed-income tactics. Read more >
Benefits & Administration
Illinois Pension Reform Found Unconstitutional
An Illinois judge has ruled that pension reforms signed into law in December 2013 violate a clause of the Illinois state constitution. Judge John W. Belz, of the Illinois Circuit Court for the 7th Judicial Circuit in Sangamon County, Illinois, found the 2013 law “without question” diminishes and impairs the benefits of membership in state retirement systems. This is in violation of the Pension Protection Clause of the state constitution, in which “the legislature could not have been more clear that any attempt to diminish or impair pension rights is unconstitutional,” Belz wrote in his opinion.Read more >
Study Suggests Most Public Pensions Financially Sound
Confidence continues to rise among public pension plan administrators about the sustainability of their funds and their readiness to address future retirement issues. The 2014 National Conference on Public Employee Retirement Systems (NCPERS) Public Retirement Systems Study also shows continuing financial strength for public funds, with healthy long-term investment returns. According to the study report, respondents’ overall confidence rating measured 7.9 on a 10-point scale, up from 7.8 in 2013 and 7.4 in 2011. Funds experienced an increase in average funded level—71.5%, up from 70.5% in 2013. Two factors contributed to the change: average one-year investment returns of 15% and lower amortization periods, NCPERS said.Read more >
MOST READ ARTICLES
1
2021 Target-Date Fund Survey
2
The DOL Has Begun Retirement Plan Cybersecurity Audits
3
Rush of Litigation Against Retirement Plans Expected to Continue
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2020 Recordkeeping Survey
5
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
From the Magazine
Just out of Reish: Investment Advice
Most 401(k) and 403(b) plans hire consultants for advice about what investments to offer their participants. That helps with the selection of the funds, but it also creates a fiduciary duty to prudently select and monitor the consultant. But how do plan sponsors and their committees know whether they receive good investment advice?Read more >
Products, Deals & People
Gina Gurgiolo has joined Mercer’s defined contribution (DC) advisers specialty practice. Gurgiolo provides operational and investment advisory services to DC plan clients in Chicago and throughout the Midwest.Read more >
The retirement plans division of Ameritas Life Insurance Corp. expanded the investment options available within its retirement plans products by adding 32 new funds. The expansion brings the total offering to more than 235 funds within the Ameritas retirement plans program, the firm says.Read more >
Patrick Coughlin is joining Buck Consultants at Xerox as principal and retirement consultant in the firm’s wealth practice. Coughlin is part of the national team providing consulting services and solutions that address clients’ defined contribution (DC) retirement plan objectives. His duties include advising organizations about strategies to meet the retirement income needs of employees, as well as helping to grow the firm’s defined contribution consulting practice throughout the country.Read more >
In an effort to streamline communications and further enhance existing security measures, TriStar Pension Consulting has implemented Plan Sponsor Link’s new secure Web portal. Breanne Mollman, marketing director for TriStar, says the new software allows clients to have immediate and ongoing access to their plan-related data, legal plan documents, administrative forms, required notices and compliance reports.Read more >
Market Mirror

Yesterday, the Dow ticked up 7.84 points (0.04%) to 17,817.90, the NASDAQ climbed 41.92 points (0.89%) to 4,754.89, and the S&P 500 closed 5.96 points (0.29%) higher at 2,069.46. The Russell 2000 gained 14.53 points (1.24%) to finish at 1,186.95, and the Wilshire 5000 increased 82.85 points (0.38%) to 21,778.99.

 

On the NYSE, 3.2 billion shares changed hands, with 1.5 advancing issues for every declining issue. On the NASDAQ, 2.8 billion shares traded, with a more than 2 to 1 lead for advancers.

 

The price of the 10-year Treasury note and 30-year Treasury bond both increased 2/32, decreasing their yields to 2.302% and 3.015%, respectively.

Compliance
PBGC Publishes Final Rule About DC to DB Rollovers
The Pension Benefit Guaranty Corp. (PBGC) is publishing a final rule for transferring defined contribution (DC) plan accounts into a defined benefit (DB) plan. The agency says it hopes to encourage people to get lifetime income by removing potential barriers to moving their benefits from DC plans to DB plans. The final rule, slated for publication in the Federal Register November 25, removes the fear that the amounts rolled over would suffer under guarantee limits should PBGC step in and pay benefits.Read more >
Small Talk
ON THIS DATE: In 1850, Texas relinquished one-third of its territory in exchange for $10 million from the United States, to pay its public debts and settle border disputes. In 1867, Alfred Nobel patented dynamite. In 1884, J.B. Meyenberg received the patent for evaporated milk. In 1950, the so-called “storm of the century” hit the eastern part of the United States, killing hundreds and causing millions of dollars in damages. Also known as the “Appalachian Storm,” it dumped record amounts of snow in parts of the Appalachian Mountains. In 1955, in the U.S., the Interstate Commerce Commission banned racial segregation on interstate trains and buses. In 1957, U.S. President Dwight D. Eisenhower suffered a stroke. In 1963, three days after his assassination in Dallas, Texas, John F. Kennedy was laid to rest with full military honors at Arlington National Cemetery in Virginia. In 1980, Sugar Ray Leonard regained boxing’s welterweight title when his opponent, reigning champ Roberto Duran, waved his arms and walked away from the fight in the eighth round. In 1986, U.S. President Reagan and Attorney General Edwin Meese revealed that profits from secret arms sales to Iran had been diverted to rebels in Nicaragua. National Security Advisor John Poindexter resigned and Oliver North was fired.
TUESDAY TRIVIA: According to the Library of Congress, in 1784, Benjamin Franklin said he wished the bald eagle had not been chosen as representative of the America because “he is a bird of bad moral character …” Franklin suggested, “[T]he turkey is in comparison a much more respectable bird, and withal a true original native of America.”
TRIVIAL PURSUITS: When did the presidential turkey pardon tradition begin?Read more >
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