Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 15th, 2018
2018 Defined Contribution Survey
Last Chance to Participate in 2018 DC Survey
Sponsors of defined contribution (DC) plans are invited to respond to our annual DC Survey. The survey is our largest and most important research project of the year, but we need your help for it to be a success. Please consider responding by the October 19 deadline.Read more >
From the Magazine
New Interest in LDI Programs
Some defined benefit (DB) plan sponsors once unwilling to hedge their plans are doing so now.Read more >
Products, Deals and People
AARP Social Security Resource Center Answers Key Questions
AARP has launched a digital Social Security Resource Center, coinciding with this week’s announcement that Social Security benefits will be increased 2.8% for 2019. Analyses from the AARP Public Policy Institute demonstrate the importance of Social Security to women and minorities, and of ensuring the long-term stability of the successful program.Read more >
Retirement Industry People Moves
Former regional vice president joins Securian; SageView opens new location; Calvert adds four ESG experts; and more.Read more >
Economic Events
THE ECONOMIC WEEK AHEAD: Today, the Census Bureau will report about retail sales for September and business trade for August. Wednesday, the Census Bureau will report about housing starts for September. Thursday, the Labor Department will issue its initial claims report. Friday, the National Association of Realtors will report about existing home sales for September.
New Financial Audit Rule Increases Requirements for Plan Sponsors
2021 Recordkeeping Survey
Participants Missing the Full Match Remains a Big Problem
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Deemed Distributions Can Be Triggered by More Than Just Loan Nonpayment
Market Mirror

Friday, the Dow gained 287.16 points (1.15%) to finish at 25,339.99, the NASDAQ closed 167.83 points (2.29%) higher at 7,496.89, and the S&P 500 increased 38.76 points (1.42%) to 2,767.13. The Russell 2000 was up 1.30 points (0.08%) at 1,546.68, and the Wilshire 5000 climbed 370.47 points (1.31%) to 28,568.93.


The price of the 10-year Treasury note was down 3/32, increasing its yield to 3.162%. The price of the 30-year Treasury bond decreased 8/32, bringing its yield up to 3.339%.


WEEK’S WORTH: For the week ending October 12, the Dow dove 4.19%, the NASDAQ lost 3.74%, and the S&P 500 fell 4.10%. The Russell 2000 plunged 5.23%, and the Wilshire 5000 plummeted 4.21%.
Sponsored message from ADP
Improving Plan Health
Plan sponsors’ perspectives on plan health and the drivers that can impact it.Read more >
The Endowment Index is Up 0.92% Year to Date
The Endowment Index gained 2.04% in the third quarter, according to data shared by Nasdaq. The 2.04% index gain significantly trailed the S&P 500, which gained 7.71% during the quarter. Year-to-date, The Endowment Index is up 0.92%, compared with the S&P 500 climbing 11.01% as of the end of the quarter.Read more >
ETF Costs, Liquidity in Focus for Institutional Investors
A new white paper offers a few important warnings for institutions thinking about using exchange-traded funds (ETFs) and trying to understand ETF liquidity relative to other investment vehicles.Read more >
Small Talk
ON THIS DATE: In 1815, Napoleon Bonaparte began his exile on the remote island of St. Helena in the Atlantic Ocean. In 1883, the U.S. Supreme Court struck down part of the Civil Rights Act of 1875. It allowed for individuals and corporations to discriminate based on race. In 1892, the U.S. government announced that the land in the western Montana was open to settlers. The 1.8 million acres were bought from the Crow Indians for 50 cents per acre. In 1939, New York Municipal Airport was dedicated. The name was later changed to La Guardia Airport. In 1951, “I Love Lucy” premiered on CBS-TV. In 1966, President Lyndon B. Johnson signed a bill creating the Department of Transportation. In 1984, the Freedom of Information Act was passed. In 1989, Wayne Gretzky, while playing for the Los Angeles Kings, surpassed Gordie Howe’s NHL scoring record of 1,850 career points. In 1993, South Africa’s President F.W. de Klerk and African National Congress President Nelson Mandela were named winners of the Nobel Peace Prize for their efforts to end the apartheid system in South Africa. In 1997, British Royal Air Force pilot Andy Green broke the land-speed record by driving a jet-powered car faster than the speed of sound. In 2011, Legoland Florida opened in Winter Haven, Florida.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Do you listen to music and work and how do you think it affects your productivity?” The majority of responding readers (96.3%) said their employer allows them to listen to music while working, and the rest said they do not know. More than half (57.4%) indicated they listen to music while working, and 42.6% do not. More than one-third (35.2%) said music does or would make them more productive, 27.8% said it does or would make them less productive, and 37% reported it doesn’t or wouldn’t affect their productivity either way. Responses left by those who chose to leave comments were about evenly mixed between those who feel listening to music is distracting and those who feel it is helpful. However, the majority of those who spoke of listening to music said it was to drown out other noise that was distracting. Editor’s Choice goes to the reader who said: “You can’t fully concentrate on two things at once. If you’re working, you’re not really listening to the music; and if you’re listening to the music, you’re not really working.” Thank you to all who participated in the survey!Read more >
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Editorial: Alison Cooke Mintzer


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