Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 11th, 2016
Benefits & Administration
Participants in Managed Accounts Miss Out on Personalization
Retirement plan participants fail to provide investment managers with the requisite information to take advantage of managed accounts. “We are seeing that 50% of the participants electing to use a managed account are not providing the additional information they need in order for the provider to be able to customize the portfolio,” says Jason Shapiro, senior investment consultant at Willis Towers Watson.Read more >
Products, Deals and People
Insurance Profile Solution From DTCC Aims for Annuity Transparency
Depository Trust & Clearing Corporation (DTCC) is seeking regulatory approval for a new Insurance Profile solution that will facilitate compliance with the U.S. Department of Labor (DOL) fiduciary rule. According to DTCC, the Insurance Profile service provides carriers and distributors with a centralized, automated and standardized method to satisfy disclosure requirements under the significant disclosure and conflict of interest reforms.Read more >
2021 Recordkeeping Survey
2021 Plan Sponsor of the Year
Most DB Plan Sponsors Seeking an Exit
TRIVIAL PURSUITS: From where did the phrase ‘Beam me up, Scotty’ originate?
Mismanagement of ERISA Accounts
Market Mirror

Yesterday, the Dow gained 88.55 points (0.49%) to finish at 18,329.04, the NASDAQ closed 36.27 points (0.69%) higher at 5,328.67, and the S&P 500 increased 9.92 points (0.46%) to 2,163.66. The Russell 2000 decreased by 0.89 (0.07%) to finish at 1,250.76, and the Wilshire 5000 climbed 123.18 points (0.55%) to 22,520.61.

On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.9 billion shares traded, with advancing issues outnumbering declining issues more than 2 to 1 on both exchanges.

The bond markets were closed for Columbus Day.
Case About Forcing Participants Out of Company Stock Moves Forward
A court found eliminating employee stock ownership plan (ESOP) participants’ right to invest in company stock is not a violation of the Employee Retirement Income Security Act (ERISA)’s anti-cutback provisions, but forcing participants with balances greater than $5,000 out of the plan may be.Read more >
Sanofi Wins Dismissal of Stock Drop Complaint
In the ERISA suit, a federal court judge granted Sanofi’s motion to dismiss the complaint and denied the motion to amend on the grounds that lead plaintiff Joseph D. Forte does not have standing to bring his claim because he never purchased or sold ADRs of Sanofi during the alleged period of artificial price inflation.Read more >
From the Magazine
Evaluating Fees and Expenses
There are a variety of plan fees and expenses that affect a defined contribution (DC) plan. Lisa Barton, a partner in the employee benefits and executive compensation practice at Morgan Lewis, answers questions that provide an overview of the guidance and processes a plan sponsor needs to follow to be in compliance.Read more >
Small Talk
ON THIS DATE: In 1776, during the American Revolution the first naval battle of Lake Champlain was fought. The forces under General Benedict Arnold suffered heavy losses. In 1811, the Juliana, the first steam-powered ferryboat, was put into operation by the inventor John Stevens. The ferry went between New York City and Hoboken, New Jersey. In 1881, David Henderson Houston patented the first roll film for cameras. In 1890, the Daughters of the American Revolution was founded in Washington, D.C. In 1929, JCPenney opened a store in Milford, Delaware, making it a nationwide company with stores in all 48 states. In 1932, in New York, the first telecast of a political campaign was aired. In 1968, Apollo 7 was launched by the U.S. The first manned Apollo mission was the first in which live television broadcasts were received from orbit. Wally Schirra, Don Fulton Eisele and R. Walter Cunningham were the astronauts aboard. In 1971, Hugh Downs left the “Today” show and “Concentration”. He later became the host of ABC’s “20/20”. In 1975, “Saturday Night Live” was broadcast for the first time. George Carlin was the guest host. In 1984, American Kathryn D. Sullivan became the first female astronaut to space walk. She was aboard the space shuttle Challenger.
TRIVIAL PURSUITS: One would think from their name that the Harlem Globetrotters started out in Harlem in New York City. But that is not the case. From where did the Harlem Globetrotters originate?Read more >
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Editorial: Alison Cooke Mintzer


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