Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 24th, 2018
Benefits & Administration
Retirement Planning Isn’t Just About Saving
During National Retirement Security Week, industry sources remind plan sponsors that education should include all factors in the realm of retirement planning.Read more >
SOA Mortality Scale Update Could Decrease Pension Plan Obligations
The Society of Actuaries (SOA) has updated its annual mortality improvement scale for pension plans through the publication of “MP-2018,” finding a decline in future rates of mortality improvement and lower pension plan obligations compared with its 2017 scale. The SOA’s projections suggest that adding the MP-2018 improvement scale could sink pension obligations by 0.2% to 0.4% for women, and 0.3% to 0.6% for men, when gauged with a 4% discount rate.Read more >
Millennials Say They Find Financial Planning ‘Exciting’
Among the generations in the U.S. workforce, Millennials have the strongest instinct to develop a financial plan—yet they feel the most anxious and insecure that they will get it right, according to Northwestern Mutual’s 2018 Planning & Progress Study. Twenty-nine percent of Millennials say that financial planning makes them feel “excited and inspired,” and 57% say they are either “highly disciplined” or “disciplined” financial planners. However, 82% of Millennials say their financial planning needs improvement.Read more >
Finalized Form 5500 Changes Add to Plan Sponsors’ Responsibilities
2021 Recordkeeping Survey
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
Considerations to Help DC Plan Sponsors Regroup for the New Year
Envisioning Life in Retirement Spurs Thoughts of Planning
People who were asked to envision their lives in their 60s through 80s thought about saving more, where income would come from and working during those years.Read more >
Ask the Experts
Auto-Enrollment in Church Plans Where States Require Consent
“We are a church 403(b) plan sponsor, whose headquarters is in a state that requires consent of the employee prior to making any deductions from salary. Could we still add an auto-enrollment provision to our plan?”Read more >
Sponsored message from TIAA
Overcoming Recruitment and Retention Challenges in the Healthcare Market.Read more >
Market Mirror

Tuesday, the Dow lost 125.98 points (0.50%) to finish at 25,191.43, the NASDAQ closed 31.09 points (0.42%) lower at 7,437.54, and the S&P 500 decreased 15.19 points (0.55%) to 2,740.69. The Russell 2000 was down 12.91 points (0.84%) at 1,526.59, and the Wilshire 5000 fell 167.93 points (0.59%) to 28,279.62.


The price of the 10-year Treasury note was up 8/32, decreasing its yield to 3.169%. The price of the 30-year Treasury bond increased 15/32, bringing its yield down to 3.364%.
EBSA Secures ERISA Settlement from Neuroscience Center
The plan’s sole fiduciary and trustee has agreed to restore pension assets that, according to an Employee Benefit Security Administration (EBSA) investigation, were improperly directed to operating expenses and illegal personal loans.Read more >
Retirement Assets Not Separated by QDRO Not Protected in Bankruptcy
Looking at the definition of ‘retirement funds,’ an appellate court found an ex-husband’s argument that 401(k) and IRA assets still in the ex-wife’s name represent marital property that his ex-wife saved for their joint retirement and that he intends to use the assets for his retirement are subjective and not required to be considered.Read more >
Small Talk
A survey from BambooHR suggests formal performance reviews are outdated, make employees unhappy and do not fit in today’s workplace. Only 16% of employees said they prefer to receive feedback in a formal performance review. Only 4% said they feel performance reviews are the best way to motivate and engage employees. Many more had complaints about them. It’s not just employees who feel formal performance reviews may help companies monitor performance but don’t help employees improve performance. Three out of four human resources (HR) professionals are critical about performance reviews.Read more >

ON THIS DATE: In 1648, the Holy Roman Empire was effectively destroyed by the Peace of Westphalia that brought an end to the Thirty Years War. In 1861, the first transcontinental telegraph message was sent when Justice Stephen J. Field of California transmitted a telegram to President Abraham Lincoln. In 1901, daredevil Anna Edson Taylor became the first person to go over Niagara Falls in a wooden barrel. She was 63 years old. In 1929, in the U.S., investors dumped more than 13 million shares on the stock market. The day is known as “Black Tuesday.” In 1931, the upper level of the George Washington Bridge opened for traffic between New York and New Jersey. In 1940, in the U.S., the 40-hour workweek went into effect under the Fair Labor Standards Act of 1938. In 1945, the United Nations (UN) was formally established less than a month after the end of World War II. The Charter was ratified by China, France, the Soviet Union, the United Kingdom, the United States and by a majority of other signatories. In 1948, the term “cold war” was used for the first time. It was in a speech by Bernard Baruch before the Senate War Investigating Committee. In 1949, the cornerstone for the U.N. Headquarters was laid in New York City. In 1962, during the Cuban Missile Crisis, U.S. military forces went on the highest alert in the postwar era in preparation for a possible full-scale war with the Soviet Union. The U.S. blockade of Cuba officially began on this day. In 1992, the Toronto Blue Jays became the first non-U.S. team to win the World Series. In 2001, the House of Representatives approved legislation that gave police the power to secretly search homes, tap all of a person’s telephone conversation and track people’s use of the Internet.



WEDNESDAY WISDOM: “Blessed is the man, who having nothing to say, abstains from giving wordy evidence of the fact.”—George Eliot, pen name for English novelist Mary Anne Evans
Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer


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