Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 17th, 2017

Best of PLANSPONSOR National Conference

At PLANSPONSOR, we know how valuable your time is. That’s why we’ve taken the most important topics discussed at our national event and packaged them into a convenient ½ day agenda hosted in a city close to you! If you are a plan sponsor, the Best of PSNC provides you with critical information you can take back to your office and use immediately to ensure your plan runs at its peak. If you are a retirement plan adviser, there is no better way to stay up to date on the latest challenges facing your clients. Choose to attend in Chicago—Oct 24, Boston—Oct 25, New York—Oct 26, Newport Beach—Nov 1, or Dallas—Nov 2! Read more >
Benefits & Administration
A Formal Plan Can Help With Unexpected Retirement Expenses
Twenty-six percent of retirees said their basic living expenses in retirement were higher than they expected prior to retiring, according to a study by LIMRA Secure Retirement Institute. Another four in 10 retirees underestimated health care and long-term care costs. On average, two-thirds of retirees’ expenditures are spent on basic living expenses and health care and long-term care costs. “Mismatches between spending expectations and experiences are strongly associated with retirees’ confidence levels,” says Matthew Drinkwater, PhD., assistant vice president, LIMRA Secure Retirement Institute. Read more >
Digital Nudges the Next Step in Improving Participant Retirement Savings
Professor Shlomo Benartzi, business school professor at the University of California, Los Angeles (UCLA), Anderson School of Management, says technology can be used immediately to improve retirement plan participation and savings rates. Read more >
MOST READ ARTICLES
1
SECURE Act Passes House, Bringing Calls for Senate Collaboration
2
J.P. Morgan Agrees to Settle Stable Value Funds Suit
3
Individuals, Employers and Government All Play a Part in Retirement Readiness
4
Participant Loans: A Fiduciary Storm Brewing?
5
What to Know About Financial Audits Filed with Form 5500s
Goal Setting Improves Retirement Savings
Even when participants set a goal for one of their competing priorities, a study from Lincoln Financial still finds a connection between goal-setting and higher retirement savings rates. Read more >
How Advisers Can Help Plan Sponsors
Two Plan Sponsor of the Year awards winners shared ways their advisers helped them. Read more >
Products, Deals and People
OneAmerica Expands Fiduciary Support Options
With 3(38) Flex, Mesirow Financial reviews both the line-up’s asset classes and investments and, if both meet Mesirow’s criteria, they will approve the lineup. Read more >
McDermott Launches Opinion Letter Program
Following the Internal Revenue Service’s (IRS’) curtailment the determination letter program for retirement plan sponsors, McDermott Will & Emery is releasing an opinion letter and operational review program for individually designed plans. Read more >
Market Mirror

Yesterday, the Dow gained 85.24 points (0.37%) to finish at 22,956.96, the NASDAQ closed 18.20 points (0.28%) higher at 6.624.00, and the S&P 500 increased 4.47 points (0.18%) to 2,557.64. The Russell 2000 was virtually unchanged at 1,502.68, and the Wilshire 5000 was up 32.28 points (0.12%) at 26,610.21.

 

The price of the 10-year Treasury note was down 7/32, increasing its yield to 2.301%. The price of the 30-year Treasury bond decreased 8/32, bringing its yield up to 2.819%.

Industry Voices
Hospitals Burdened By PBGC Premiums Have Solutions Available
John Lowell, Atlanta-based partner and actuary for October Three, shares solutions for health care organizations to possibly decrease their Pension Benefit Guaranty Corporation (PBGC) premium payments. Read more >
Small Talk

ON THIS DATE: In 1777, American troops defeated British forces in Saratoga, New York. It was the turning point in the American Revolutionary War. In 1888, the first issue of “National Geographic Magazine” was released at newsstands. In 1931, Al Capone was convicted on income tax evasion and was sentenced to 11 years in prison. In 1973, the Organization of Petroleum Exporting Countries (OPEC) began an oil-embargo against several countries including the U.S. and Great Britain. The incident stemmed from Western support of Israel when Egypt and Syria attacked the nation on October 6, 1973. The embargo lasted until March of 1974. In 1978, U.S. President Jimmy Carter signed a bill that restored full U.S. citizenship rights to Confederate President Jefferson Davis. In 1979, Mother Teresa of India was awarded the Nobel Peace Prize. In 2000, in New York City, Madame Tussaud’s Wax Museum opened to the public. The 42nd Street location joined Tussaud’s other exhibitions already in London, Hong Kong, Amsterdam and Las Vegas.

TRIVIAL PURSUITS: From where did Vodka originate? 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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