Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 2nd, 2017
Webcast Event
Join PLANSPONSOR and industry experts this Thursday for the webcast Simplicity is Sophistication When Contemplating Retirement Income in which they’ll discuss the shift of defined contribution (DC) plans from assets to income, benefits of including a lifetime income product as a plan distribution option, and importance of keeping plan designs simple for participants. Read more >
Awards Nominations
2018 Annual Plan Sponsor and Adviser Award Nominations Are Open
Nomination forms for the 2018 PLANSPONSOR Plan Sponsor of the Year awards and Retirement Plan Adviser of the Year awards are now available. Read more >
Benefits & Administration
Creating a Successful Open Enrollment Experience
Communications, pushing CDHP enrollment and including retirement plan reminders can help enrollment be successful for both employees and employers. Read more >
MOST READ ARTICLES
1
Adidas Sued Over Excessive Fees for 401(k) Participants
2
(b)lines Ask the Experts – Proper Delivery Method for SPDs
3
Yale Sued Over Wellness Program ‘Penalty’
4
Employees in Two States Miss Out on One HSA Benefit
5
Some Help for Women’s Retirement Savings Gap May Be Coming
Millennials Need Retirement Planning Help
According to biannual survey data provided by the Insured Retirement Institute (IRI), more than half of Millennials are making contributions to 401(k) accounts and about four in 10 are contributing to personal savings. However, IRI President and CEO Cathy Weatherford observes, “While Millennials are saving, most are not planning.” Read more >
What Employers Want in Health Reform
In the midst of the fierce, ongoing battle for the future of America’s health care system, benefits administrators are voicing their concerns. Considering the rising costs of health care, respondents to a survey from Mercer reported preferences for policies to mitigate costs. Read more >
Sponsored message from ADP
Workers Lack Confidence About Retirement Planning Decisions
Workers say saving for retirement is their biggest financial priority – and biggest financial worry. Read more >
Products, Deals and People
Retirement Industry People Moves
NYLIM names president of MainStay Funds; Mercer names principal for Minneapolis health business; Alight hires leader for Health & Wealth Solutions; and more. Read more >
OneAmerica Launches Tax-Exempt Center of Excellence
The new Tax-Exempt Center of Excellence website from OneAmerica is now live, offering plan sponsors free access to educational resources and thought leadership material on various topics including fiduciary responsibility and participant education. Read more >
Economic Events

THE ECONOMIC WEEK AHEAD: Today, the Census Bureau will report about construction spending in August. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about factory orders in August. Friday, the Census Bureau will report about wholesale trade in August, and the Bureau of Labor Statistics will reveal the unemployment rate for September.

Market Mirror

Friday, the Dow was up 23.89 points (0.11%) at 22,405.09, the NASDAQ climbed 42.51 points (0.66%) to 6,495.96, and the S&P 500 gained 9.30 points (0.37%) to finish at 2,519.36. The Russell 2000 increased 2.08 points (0.14%) to 1,490.86, and the Wilshire 5000 closed 89.47 points (0.34%) higher at 26,233.34.

 

The price of the 10-year Treasury note was down 6/32, increasing its yield to 2.329%. The price of the 30-year Treasury bond was up 4/32, decreasing its yield to 2.862%.

 

WEEK’S WORTH: For the week ending September 29, the Dow was up 0.25%, the NASDAQ gained 1.07%, and the S&P 500 increased 0.68%. The Russell 2000 climbed 2.76%, and the Wilshire 5000 finished 0.89% higher.

From the Magazine
Insights: Inside Assumptions
“As the editor of a publication on employer-sponsored retirement plans, I like to think I do a decent job of monitoring misconceptions. However, I’ve become increasingly aware of many, more implicit assumptions threading through our articles and industry coverage, whether in the data included, papers quoted or the comments of industry professionals. Some of these notions seem fairly innocuous at first, but once we, as reporters and editors, start to question them, we see how we can dig a little deeper and question a little further to bring you more complete—and valuable—information.” Read more >
Small Talk

ON THIS DATE: In 1835, the first battle of the Texas Revolution took place near the Guadalupe River when American settlers defeated a Mexican cavalry unit. In 1870, Rome was made the capital of Italy. In 1889, the first international Conference of American States began in Washington, D.C. In 1919, U.S. President Woodrow Wilson suffered a stroke that left him partially paralyzed. In 1950, “Peanuts,” the comic strip created by Charles M. Schulz, was published for the first time in seven newspapers. In 1959, “The Twilight Zone” debuted on CBS-TV. In 1967, Thurgood Marshall was sworn in as the first African-American member of the U.S. Supreme Court. In 2001, NATO, for the first time, invoked a treaty clause that stated that an attack on one member is an attack on all members. The act was in response to the September 11, 2001, terrorist attacks in the United States.

SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Do you think big cities are a better place to retire? And, do you plan to move when you retire?” More than two-thirds (67.2%) of responding readers indicated they do not think big cities are a better place to retire than small towns or remote locations, while nearly one-third (32.8%) said they are. Respondents were nearly evenly split on plans to move when they retire, with 46.3% saying “yes” they plan to move and 53.7% saying “no.” In verbatim comments, quite a few readers agreed that being away from health care is a big deal, with some saying that consideration is a necessity for choosing where to live in retirement. However, many readers noted that smaller cities and some small towns have quality health care or are not far from it. Several readers encouraged retiring when it makes you happy, and others noted their plans depend on where family and other support is. Editor’s Choice goes to the reader who said: “When I was in my 30s my vision of retirement was lying on a beach in the Caribbean with a cute guy bringing me drinks with umbrellas in them. Now that I’m approaching retirement my vision has changed to be close to family, friends and health care. It’s tough growing up!” Thank you to all who responded to the survey! 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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