Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 6th, 2018

LAST CHANCE to Nominate a Plan Sponsor of the Year

If you work with or for, or know of, a great plan sponsor, please help us recognize the best in the business. It only takes a few minutes, and the deadline is this Wednesday, November 7. Read more >
Benefits & Administration
More Employers Monitoring Retirement Readiness of Employees
The consequences of issues that employees experience if they’re financially underprepared for retirement can spill over to the organization as a whole, and to help minimize these risks, more employers that offer retirement programs are measuring the financial readiness of employees to retire (43%, up 10 percentage points over 2016), according to the 2018 Gallagher Benefits Strategy & Benchmarking Survey. In addition, to help employees reduce their debt stress and maximize their retirement plan savings, more employers are developing financial wellbeing initiatives. The study also found a slip from last year in the number of plans that use automatic enrollment. Read more >
Years of Positive Retirement Savings Behaviors Lead to Record Balances
The average 401(k) balance reached an all-time high of $106,500 in the third quarter, and the average 403(b) balance is nearly double what it was a decade ago, according to Fidelity Investments. Read more >
Investing
Despite De-risking Concerns, Global Equity Remains Important to Retirement Plans
Fifty-five percent of U.S. investors have their global equity allocation in active, alpha-seeking strategies, and the planned allocation to these strategies in three years is 61%, research found. Read more >
MOST READ ARTICLES
1
IRS Announces 2019 HSA Contribution Limits
2
IRS Proposes Amendments to Hardship Withdrawal Regulations
3
Retirement Industry People Moves
4
Crash Course on Social Security From AARP
5
Analysis Shows Impact of Financial Wellness Programs on Retirement Readiness
Market Mirror

Yesterday, the Dow gained 190.87 points (0.76%) to finish at 25,461.70, the NASDAQ closed 28.14 points (0.38%) lower at 7,328.85, and the S&P 500 increased 15.25 points (0.56%) to 2,738.31. The Russell 2000 was virtually unchanged at 1,547.51, and the Wilshire 5000 closed 125.13 points (0.44%) higher at 28,302.14.

 

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 3.199%. The price of the 30-year Treasury bond increased 13/32, bringing its yield down to 3.432%.

Sponsored message from TIAA
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Compliance
ICI Argues Intermediary-Driven Fund Disclosure System Is Flawed
In a comment letter to the Securities and Exchange Commission (SEC), the Investment Company Institute (ICI) draws the conclusion that this system means fund shareholders are paying higher costs than is strictly necessary. Read more >
Jackson National Agrees to Settle Self-Dealing Suit
The parties in a lawsuit accusing fiduciaries of the Jackson National Life Insurance Company Defined Contribution Retirement Plan of self-dealing and imprudent investment of retirement plan assets have reached a settlement of $4.5 million. Read more >
District Court Returns Mixed Ruling for AT&T ERISA Lawsuit
The court again left room for re-pleading of the plaintiffs’ failed arguments, making the filing of a third amended complaint likely before any allegations can advance to trail. Read more >
Small Talk

ON THIS DATE: In 1789, Father John Carroll was appointed as the first Roman Catholic bishop in the United States of America. In 1860, Abraham Lincoln was elected to be the 16th president of the United States. In 1861, Jefferson Davis was elected as the president of the Confederacy in the U.S. In 1894, William C. Hooker received a patent for the mousetrap. In 1903, Philippe Bunau-Varilla, as Panama’s ambassador to the United States, signed the Hay-Bunau-Varilla Treaty. The document granted rights to the United States to build and indefinitely administer the Panama Canal Zone and its defenses. In 1923, Jacob Schick was granted a patent for the electric shaver. In 1962, the U.N. General Assembly adopted a resolution that condemned South Africa’s racist apartheid policies. The resolution also called for all member states to terminate military and economic relations with South Africa. In 1965, the Freedom Flights program began, which would allow 250,000 Cubans to come to the United States by 1971. In 1967, Phil Donahue began a TV talk show in Dayton, Ohio. The show was on the air for 29 years. In 1973, NASA’s Pioneer 10 spacecraft began photographing Jupiter. In 1986, U.S. intelligence sources confirmed a story run by the Lebanese magazine Ash Shiraa that reported the U.S. had been secretly selling arms to Iran in an effort to secure the release of seven American hostages. In 1989, in the hopes of freeing U.S. hostages held in Iran, the U.S. announced that it would unfreeze $567 million in Iranian assets that had been held since 1979.

TRIVIAL PURSUITS: Daylight Saving Time starts in the spring. This past weekend we reverted to Standard Time. Why do we have Daylight Saving Time? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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