Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 10th, 2017
Benefits & Administration
Employees Need More Health Benefits Education
Benefits enrollment findings from the 2017 Aflac WorkForces Report, a national online survey of 5,000 U.S. workers, found that 67% said they are confident they understood everything they signed up for. However, these results may indicate an underlying false sense of confidence. The survey, conducted between January 26 and February 17 by Lightspeed GMI and released by Aflac, also uncovered that 76% of workers make health benefits decisions without a complete knowledge of their health plan. Read more >
Corporate Bond Yields Have a Positive Effect on Pension Funding in September
Asset managers that monitor defined benefit (DB) plan funded status found 1% through 1.3% increases last month. Read more >
Products, Deals and People
Tool Estimates Retirement Health Care Expenses
Independent investment adviser Financial Engines has launched a College Expense Planner and a Retirement Healthcare Expense Planner. The Financial Engines Retirement Healthcare Expense Planner enables users to estimate what they might need to pay for Medicare premiums and out-of-pocket health care expenses once they stop working. Users receive a location-specific estimate for how much they can expect to pay for health care services in retirement. Read more >
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Some Help for Women’s Retirement Savings Gap May Be Coming
Captain Contributor Rescues Open Enrollment
Datapath has created a virtual superhero to guide employees through the health benefits enrollment experience. Read more >
Market Mirror

Monday, the Dow closed 12.60 points (0.06%) lower at 22,761.07, the NASDAQ decreased 10.45 points (0.16%) to 6,579.73, and the S&P 500 was down 4.60 points (0.18%) at 2,544.73. The Russell 2000 decreased 6.66 points (0.44%) to 1,503.56, and the Wilshire 5000 closed 52.07 points (0.20%) lower at 26,496.82.

 

Bond markets were closed for Columbus Day.

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Compliance
Congress Adds to Relief for Hurricane Victims
The act, signed into law last week, allows tax-penalty-free withdrawals and larger loan amounts from retirement accounts than current statutory limits. Read more >
From the Magazine
Strategic Timing
Managed account services come in many forms and provide varying levels of analysis and management, but in general they give participants greater insight into their individual situation. Sponsors first offered the accounts around 2000, and so far the uptake has been slow. For the millions of U.S. workers battling their way through the red zone, however, managed accounts could be valuable to help them answer the complex question of how to draw down their savings and, for each individual, what may be possible in his retirement. Read more >
Small Talk

ON THIS DATE: In 1845, the United States Naval Academy opened in Annapolis, Maryland. In 1887, Thomas Edison organized the Edison Phonograph Company. In 1959, Pan American World Airways announced the beginning of the first global airline service. In 1977, Joe Namath played the last game of his National Football League (NFL) career. In 1978, the bill authorizing the Susan B. Anthony dollar was signed by U.S. President Jimmy Carter. In 1997, the Guggenheim Museum in Bilbao, Spain, opened to the public.

TRIVIAL PURSUITS: Not this week.

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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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