Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 28th, 2017
Webcast Event
Innovating to Address the Unarticulated Needs of Participants
On December 5, join PLANSPONSOR and industry experts for the webcast, Innovating to Address the Unarticulated Needs of Participants, in which they’ll discuss: Dynamic QDIAs that aim to serve participants whose retirement plan needs and engagement change over time; investment vehicles, including the emergence of health savings accounts (HSAs) and the resurging of collective investment trusts (CITs); and the notion of a “Retirement Tier”, which includes tools and advice, targeted communications, investment options and plan design changes to meet the widely varying needs of participants approaching retirement.Read more >
Products, Deals and People
Ascensus Enhances Digital Experience for TPAs
“TPAs play a vital role in the management of their clients’ retirement plans, and we want to make certain that they have the tools that they need to provide the best level of service possible,” says Steve Schweitzer with Ascensus.Read more >
New Financial Audit Rule Increases Requirements for Plan Sponsors
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
2021 Recordkeeping Survey
Participants Missing the Full Match Remains a Big Problem
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Economic Events
Sales of new single-family houses in October were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.2% above the revised September rate of 645,000 and 18.7% above the October 2016 estimate of 577,000.
Market Mirror

Yesterday, the Dow increased 22.79 points (0.10%) to 23,580.78, the NASDAQ closed 10.64 points (0.15%) lower at 6,878.52, and the S&P 500 was down 1.00 point (0.04%) at 2,601.42. The Russell 2000 lost 5.85 points (0.39%) to finish at 1,513.31, and the Wilshire 5000 decreased 26.15 points (0.10%) to 27,032.69.


The price of the 10-year Treasury note was up 4/32, decreasing its yield to 2.331%. The price of the 30-year Treasury bond was down 5/32, increasing its yield to 2.772%.
DOL Delays Full Implementation of Fiduciary Rule Again
The Department of Labor (DOL) has decided to delay implementation of the special transition period for the fiduciary rule’s Best Interest Contract Exemption (BICE) and the Principal Transactions Exemption, and of the applicability of certain amendments to Prohibited Transaction Exemption 84-24 (PTEs) for 18 months, from January 1, 2018 to July 1, 2019.Read more >
Democrats Unveil Bill to Create Rehabilitation Trust Fund
A bill has been introduced in Congress to create a Pension Rehabilitation Trust Fund that would be managed by a new Pension Rehabilitation Administration within the Department of the Treasury, to make loans to multiemployer defined benefit (DB) plans that are in critical or declining status or that are insolvent but not terminated.Read more >
Several Factors Push Investing Into ETFs
In the past 12 years, exchange-traded fund (ETF) assets have experienced a cumulative average growth rate (CAGR) of 21%, exploding from $417 billion of assets in 2005 to $4.4 trillion at the end of this past September, according to EY research. Several factors have driven this impressive growth, EY says: self-directed retirement saving, low yields, regulations centered around low fees and suitable investments, digital distribution and the movement to passive from active management.Read more >
Small Talk
ON THIS DATE: In 1922, Capt. Cyril Turner of the Royal Air Force gave the first public exhibition of skywriting. He spelled out, “Hello USA. Call Vanderbilt 7200” over New York’s Times Square. In 1925, The Grand Ole Opry made its radio debut on station WSM. In 1943, U.S. President Franklin D. Roosevelt, British Prime Minister Winston Churchill and Soviet Leader Joseph Stalin met in Tehran to map out strategy concerning World War II. In 1963, U.S. President Lyndon Johnson announced that Cape Canaveral would be renamed Cape Kennedy in honor of his assassinated predecessor. The name was changed back to Cape Canaveral in 1973 by a vote of residents. In 1964, the U.S. launched the space probe Mariner IV from Cape Kennedy on a course set for Mars. In 1990, Margaret Thatcher resigned as prime minister of Britain. In 1995, U.S. President Bill Clinton signed a $6 billion road bill that ended the federal 55 mph speed limit. In 2010, WikiLeaks released to the public more than 250,000 U.S. diplomatic cables. About 100,000 were marked “secret” or “confidential.”
TRIVIAL PURSUITS: What were colonists protesting with the Boston Tea Party?Read more >
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Editorial: Alison Cooke Mintzer


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