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Insight on Plan Design & Investment Strategy Every Weekday
Participants Invested in TDFs Contribute Less to Retirement Accounts
Surprising actions from retirement plan TDF investors offer lessons for plan sponsors and indicate a need for more innovation in TDF design.
Data and Research
Retirement Income Can Be About More Than Guaranteed Options
Given some negative views of annuities, plan sponsors could consider in-plan income options that are not guaranteed.
Most Read
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Plan Sponsors and Participants Cite Different ‘Important’ Benefits
Managed Account Fees Challenged in Latest ERISA Lawsuit
TriNet Solution Helps Employees With Benefit Selection
Its Benefits Enrollment Application provides easy-to-use benefits plan analysis that allows users to select and compare eligible plans.
Retirement Industry People Moves
Principal Global Investors selects global managing director; Mercer announces multiple appointments; Pentegra hires new head of Sales and Marketing; and more.
Economic Events
THE ECONOMIC WEEK AHEAD: Tomorrow, the National Association of Realtors will report about existing home sales for September. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about durable goods orders and new home sales in September.
Market Mirror
Friday, the Dow fell 255.68 points (0.95%) to 26,770.20, the NASDAQ closed 67.31 points (0.83%) lower at 8,089.54, and the S&P 500 decreased 11.75 points (0.39%) to 2,986.20. The Russell 2000 was down 6.36 points (0.41%) at 1,535.48, and the Wilshire 5000 lost 128.91 points (0.42%) to finish at 30,432.73.The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.748%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 2.246%.WEEK’S WORTH: For the week ending October 18, the Dow was down 0.17%, the NASDAQ increased 0.40%, and the S&P 500 gained 0.54%. The Russell 2000 climbed 1.56%, and the Wilshire 5000 finished 0.51% higher.
Inside Angle
Final Multiple Employer Plan Regs at Last
Which employers may sponsor MEPs?
Small Talk
ON THIS DATE: In 1797, “Old Ironsides,” the U.S. Navy frigate Constitution, was launched in Boston’s harbor. In 1879, Thomas Edison invented the electric incandescent lamp. It would last 13 1/2 hours before it would burn out. In 1944, during World War II, the German city of Aachen was captured by U.S. troops. In 1959, The Guggenheim Museum was opened to the public in New York. In 1967, thousands of demonstrators marched in Washington, D.C., in opposition to the Vietnam War. In 1980, the Philadelphia Phillies won their first World Series. In 1998, cancer specialist Dr. Jane Henney became the FDA’s first female commissioner.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers which, from a list of factors, do they think MOST CONTRIBUTES to employees becoming disengaged at work. The top reason selected, by far, was lack of appreciation shown by management (44.2%). Half as many (21.1%) chose “poor communication among employees and managers,” and 9.6% selected “nothing new to learn.” Coming in fourth, was “loss of interest in the work,” chosen by 7.7% of respondents, and “bad relationships in the workplace” (5.8%) rounded out the top five. Of course, a combination of factors can contribute to employee disengagement, and this point was made by the small group of respondents who chose to leave comments. Suggested additions to the list were bad managers, lack of empowerment and change for the sake of change. Factors that were touted as most important coincided with the top two selected as those that most contribute to disengagement. Editor’s Choice goes to the reader who said: “This is a tough one! I think for most people, it is a combination of issues. For me personally, I’m just running out of steam and am looking forward to retirement in a couple years! :)” Thanks to all who participated in the survey!
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