Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 18th, 2017

2017 Annual Defined Contribution (DC) Survey Now Open!

Looking to benchmark your DC plan? Want to recognize your provider/service team for outstanding service or offer confidential feedback about areas for improvement? Our annual DC Survey can help. Read more >
Benefits & Administration
Retirees Spend More Than Expected on Health Care
Half of retirees say they are spending more than expected on health care, and just over one in three say their standard of living went down measurably once they retired, according to the 2017 Wells Fargo Retirement Study. Asked to choose the greatest threat to their current retirement savings, four out of 10 workers age 40 and over cite rising health care costs or catastrophic illness. Read more >
Research Shows Employers Can Increase Auto Enrollment Default Savings Rates
A research study from Voya Financial revealed a high automatic enrollment default savings rate does not deter participant enrollment, contrary to most employers’ outlooks. The study, “How Do Consumers Respond When Default Options Push the Envelope?” was conducted using 10,000 plan participants who used their employer’s plan enrollment website. The study suggests that plan sponsors can triple the often-used default rate of 3% without decreasing plan participation. Read more >
Different Generations Require Different Communication Strategies
L. Rita Fiumara from UBS shared generation-specific insights that can help shape retirement plan communications. Read more >
MOST READ ARTICLES
1
The Senate Math That Could Block SECURE Act
2
House Committee Advances Bill to Establish Union Pension Lifeline Program
3
Open MEPs Not for Every Plan Sponsor
4
Driving Financial Wellness at Work
5
Adidas Sued Over Excessive Fees for 401(k) Participants
Lifetime Income Options Would Help More Americans With a Secure Retirement
TIAA also suggests other options for helping retirement plan participants with retirement readiness. Read more >
Ninety Percent of Investors Like the Idea of Guaranteed Income
But only 46% know that annuities offer it, Jackson National Life found in a study done for the Insured Retirement Institute. Read more >
Sponsored message from Aviva Investors
The Chairman: How Xi Jinping is shaping China’s future Xi Jinping is set to begin another term as Chinese presidentand become the most powerful Chinese leader since Chairman Mao. What does this mean for China and the world? Read about it in the latest AIQ magazine from Aviva Investors. Read more >
Market Mirror

Tuesday, the Dow was up 40.48 points (0.18%) at 22,997.44, the NASDAQ was virtually unchanged at 6,623.66, and the S&P 500 increased by 1.72 (0.07%) to 2,559.36. The Russell 2000 was down 5.19 points (0.35%) at 1,497.49, and the Wilshire 5000 was virtually unchanged at 26,611.22.

The price of the 10-year Treasury note was unchanged, with its yield at 2.304%. The price of the 30-year Treasury bond increased 14/32, bringing its yield down to 2.803%.

Ask the Experts
Are 457(b) Plan Assets at Risk During an Acquisition?
“We are a private tax-exempt hospital that sponsors a 457(b) plan for select management or highly compensated employees. What would happen to the 457(b) if we were acquired by another entity? Would our 457(b) assets be at risk in such a scenario?” Read more >
Investing
Women Have Investment Approach That Aligns With Retirement Savings
When asked about the investment approach that best aligns with their retirement savings objectives, the top choice overall for 30% of women was a mutual fund with a track record of outpacing the stock market over the long term. Read more >
CITs Experience Growth
Defined contribution plans are increasingly using collective investment trusts (CITs) in their investment portfolios, according to a recent study by global research firm Cerulli Associates. The firm credits this trend to fee sensitivity, the threat of litigation and awareness of CITs. Read more >
Small Talk

ON THIS DATE: In 1767, the Mason-Dixon line was agreed upon. It was the boundary between Maryland and Pennsylvania. In 1842, Samuel Finley Breese Morse laid his first telegraph cable. In 1867, the U.S. took formal possession of Alaska from Russia. The land was purchased of a total of $7 million dollars (2 cents per acre). In 1892, the first long-distance telephone line between Chicago and New York City was opened. In 1898, the American flag was raised in Puerto Rico only one year after the Caribbean nation won its independence from Spain. In 1967, the American League granted permission for the A’s to move to Oakland. Also, new franchises were awarded to Kansas City and Seattle. In 1977, Reggie Jackson tied Babe Ruth’s record for hitting three homeruns in a single World Series game. Jackson was only the second player to achieve this. In 1997, a monument honoring U.S. servicewomen, past and present, was dedicated at Arlington National Cemetery.

 

WEDNESDAY WISDOM: “You’re only here for a short visit. Don’t hurry, don’t worry. And be sure to smell the flowers along the way.”—Walter Hagen, American professional golfer

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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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