Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 22nd, 2015
Benefits & Administration
Study Reveals Better DC Plan Designs
Aon Hewitt finds defined contribution plan sponsors are beefing up plan features to improve participant outcomes. The company also ran models to show how improved plan design features can boost participants’ savings.Read more >
PLANSPONSOR Research
PLANSPONSOR’s Managed Accounts Buyer’s Guide
Following passage of the Pension Protection Act (PPA) in 2006, the Department of Labor (DOL) was charged with issuing a regulation to help employers select defaults that would “best serve the retirement needs of workers who do not direct their own investments.” The qualified default investment alternative (QDIA) regulation provides for a balanced fund, a target-date fund (TDF) or a professionally managed account. Since the regulation was released, and automatic enrollment gained popularity among defined contribution (DC) plan sponsors, target-date funds have been the runaway favorite, while managed accounts remain largely underutilized.Read more >
MOST READ ARTICLES
1
2021 Participant Survey
2
2021 Recordkeeping Survey
3
Participants Missing the Full Match Remains a Big Problem
4
New Financial Audit Rule Increases Requirements for Plan Sponsors
5
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Products, Deals and People
Principal Offers In-Plan Annuity Option
For retirement plan participants who want to lock down a guaranteed amount of income before they retire, Principal Financial Group has introduced Principal Pension Builder, an option that allows them to purchase a deferred income annuity while still in the plan.Read more >
Market Mirror

Wednesday, the Dow was down 48.50 points (0.28%) at 17,168.61, the NASDAQ lost 40.85 points (0.84%) to finish at 4,840.12, and the S&P 500 decreased 11.83 points (0.58%) to 2,018.94. The Russell 2000 fell 18.33 points (1.58%) to 1,144.94, and the Wilshire 5000 closed 162.97 points (0.77%) lower at 21,093.24.

On the NYSE, 3.2 billion shares traded, with declining issues outnumbering advancing issues more than 2 to 1. On the NASDAQ, 2.7 billion shares changed hands, with a near 3 to 1 lead for decliners.

The price of the 10-year Treasury note increased 12/32, bringing its yield down to 2.026%. The price of the 30-year Treasury bond climbed 31/32, decreasing its yield to 2.867%.

Compliance
Retirement Plan Deferral Limits Unchanged for 2016
The IRS announced it will not adjust most current contribution limitations for qualified retirement plans heading into tax year 2016, though some retirement-related tax breaks and other items have been adjusted.Read more >
New PBGC Director Discusses Initiatives
Asked what issue he’s gotten the sense is the most urgent from his first four days on the job, W. Thomas Reeder, the newly confirmed director of the Pension Benefit Guaranty Corporation (PBGC), jokingly told PLANSPONSOR he is most surprised by what his roles and responsibilities with the agency actually are. On a more serious note, he shared with attendees of the American Retirement Association’s 2015 ASPPA Annual Conference that the agency is very focused on multiemployer plans right now. In addition, he said the agency is looking for ways to simplify defined benefit plan calculations.Read more >
Small Talk
ON THIS DATE: In 1746, the College of New Jersey was officially chartered. It later became known as Princeton University. In 1836, Sam Houston was inaugurated as the first constitutionally elected president of the Republic of Texas. In 1950, the Los Angeles Rams set an NFL record by defeating the Baltimore Colts 70-27. It was a record score for a regular season game. In 1954, the Federal Republic of Germany was invited to join the North Atlantic Treaty Organization (NATO). In 1962, U.S. President Kennedy went on radio and television to inform the United States about his order to send U.S. forces to blockade Cuba. The blockade was in response to the discovery of Soviet missile bases on the island. In 1986, U.S. President Reagan signed the Tax Reform Act into law. In 2010, the International Space Station set the record (3641 days) for the longest continuous human occupation of space. It had been continuously inhabited since November 2, 2000.
SURVEY SAYS: It’s that time of year again; Halloween is approaching. And it’s time for our Favorite Scary Movie survey 2015. We’ll see if “Psycho” gets bumped from the top spot, and if any new movies are added to the list. You may respond to this week’s survey by 6 p.m. Pacific time today.Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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