Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 8th, 2017
Benefits & Administration
What Does It Take to Measure Retirement Income Adequacy?
The Congressional Budget Office (CBO) has issued a report explaining the various measures and approaches to measuring retirement income adequacy, providing a framework for further analysis of retirement income. According to the report, current measures of the adequacy of retirement income provide diverse answers about the state of retirement income security in the United States, and that diversity stems from a number of sources. Read more >
Consumers Not Receptive to Employer-Provided Retirement Planning Resources
Only about one third (35%) of U.S. consumers use or would use “retirement planning resources provided through employer” while 41% do not or would not, according to Hearts & Wallets research. Younger Americans are most receptive, while pre-retirees had the biggest increase, of 15 percentage points, in receptivity. However, one in three (32%) Accumulator households say they do not know where their income in retirement will come from, and retirement savings accumulators, especially younger ones, are seeking help more than five years ago. Read more >
MOST READ ARTICLES
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J.P. Morgan Agrees to Settle Stable Value Funds Suit
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Individuals, Employers and Government All Play a Part in Retirement Readiness
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Participant Loans: A Fiduciary Storm Brewing?
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What to Know About Financial Audits Filed with Form 5500s
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2019 PLANSPONSOR National Conference
Market Mirror

Tuesday, the Dow was up 8/81 points (0.04%) at 23,557.23, the NASDAQ decreased 18.65 points (0.27%) to 6,767.78, and the S&P 500 was virtually unchanged at 2,590.64. The Russell 2000 closed 18.87 points (1.26%) lower at 1,479.09, and the Wilshire 5000 was down 45.29 points (0.17%) at 26,855.16.

 

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 2.313%. The price of the 30-year Treasury bond increased 10/32, bringing its yield down to 2.779%.

Sponsored message from DST Systems
Best Practices for Addressing Automatic Participant Rollovers Saving plan sponsors time and money while reconnecting participants with their retirement savings.  Read more >
Compliance
Court Supports Waiver of ERISA Statute of Limitations
The 11th Circuit ultimately ruled that it is common sense to conclude that since a litigant can renounce his most basic freedoms under the United States Constitution, he is able to waive the protection of the Employee Retirement Income Security Act’s (ERISA)’s statute of repose. Read more >
Tax Reform Bill Would Be Unfavorable to NQDC Plans
While the tax reform bill issued last week includes many favorable provisions for employer-sponsored retirement plans, the proposal effectively eliminates nonqualified deferred compensation (NQDC) plans as tools for tax planning available to executives and public companies and would significantly restrict or effectively eliminate common forms of long-term incentive compensation, according to a Benefits Brief from Groom Law Group, Chartered. Groom attorneys write that the bill “restricts future deferrals under nonqualified programs and would also cause existing deferred amounts to be includible in income by no later than 2025.” Read more >
J.P. Morgan Agrees to Settle Stable Value Funds Suit
The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan invested its stable value funds in risky assets. Read more >
Small Talk
Nearly three in four (74%) full- and part-time employees say they get less than eight hours of sleep on a typical work night, averaging just 6.9 hours of sleep, according to a survey from Glassdoor. The survey, conducted online by Harris Poll among 1,077 U.S. adults employed full- and part-time, found that 66% say they would be better employees if they got more sleep, especially those ages 18 to 44 (73%) compared to those ages 45 to 64 (59%). Read more >

ON THIS DATE: In 1793, The Louvre Museum, in Paris, opened to the public for the first time. In 1889, Montana became the 41st U.S. state. In 1895, Wilhelm Roentgen, while experimenting with electricity, discovered the scientific principle involved and took the first X-ray pictures. In 1933, the Civil Works Administration was created by executive order by U.S. President Franklin D. Roosevelt. The organization was designed to create jobs for more than four million unemployed people in the U.S. In 1942, during World War II, Operation Torch began as U.S. and British forces landed in French North Africa. In 1950, during the Korean conflict, the first jet-plane battle took place as U.S. Air Force Lt. Russell J. Brown shot down a North Korean MiG-15. In 1954, the American League approved the transfer of the Philadelphia Athletics baseball team to Kansas City, Missouri. In 1956, after turning down 18,000 names, the Ford Motor Company decided to name their new car the “Edsel,” after Henry Ford’s only son. In 1965, the soap opera “Days of Our Lives” debuted on NBC-TV. In 1966, Edward W. Brooke of Massachusetts became the first African-American elected to the U.S. Senate by popular vote. In 1990, U.S. President George H.W. Bush ordered more troop deployments in the Persian Gulf, adding about 150,000 soldiers to the multi-national force fighting against Iraq. In 2000, in Florida, a statewide recount began to decide the winner of the 2000 U.S. presidential election.

 

WEDNESDAY WISDOM: “Let us always meet each other with a smile, for the smile is the beginning of love.”—Mother Teresa

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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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