Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 31st, 2018
Benefits & Administration
Employees Want Retirement Income Certainty
Ninety-four percent said they would keep all or at least some of their money in a target-date fund that guaranteed an income stream for life, an AllianceBernstein survey found. Read more >
Workers Do Not Believe Social Security and Pensions Will Secure Retirement Income
Instead, pre-retirees are looking to add savings from 401(k) funds, IRAs, and even annuities.  Read more >
Successful Plans Embrace Strategic Thinking
The challenge of learning to think strategically impacts plans of all sizes, says Mel Hooker at Wells Fargo; even large employers with ample resources can have trouble setting goals and knowing how to pursue them. Read more >
PLANSPONSOR Research
2018 Managed Account Buyer’s Guide
By most accounts, defined contribution (DC) plan participants are increasingly turning to professionally managed asset-allocation solutions, whether they be a single target-date fund (TDF), a single traditional target-risk fund or a managed account advisory program. The Managed Account Buyer’s Guide is a snapshot list of the providers of managed account products, and how they differentiate themselves. Read more >
MOST READ ARTICLES
1
IRS Announces 2019 HSA Contribution Limits
2
IRS Proposes Amendments to Hardship Withdrawal Regulations
3
Retirement Industry People Moves
4
Crash Course on Social Security From AARP
5
Analysis Shows Impact of Financial Wellness Programs on Retirement Readiness
Products, Deals and People
Vanguard Offers Guide to Evaluating TDFs
The guide provides a checklist for periodic reviews, key questions to ask and items to consider. Read more >
Economic Events

The Conference Board Consumer Confidence Index increased again in October, following a modest improvement in September. The Index now stands at 137.9 (1985=100), up from 135.3 in September. The Present Situation Index – based on consumers’ assessment of current business and labor market conditions – improved from 169.4 to 172.8. The Expectations Index – based on consumers’ short-term outlook for income, business and labor market conditions – increased from 112.5 last month to 114.6 this month.

Sponsored message from Vanguard
How target-date funds (TDFs) can help combat inflation. Can TDFs withstand increasing inflationary pressures? We believe so, all while providing long-term growth in excess of inflation. Read more >
Market Mirror

Tuesday, the Dow gained 431.72 points (1.77%) to finish at 24,874.64, the NASDAQ closed 111.36 points (1.58%) higher at 7,161.65, and the S&P 500 increased 41.38 points (1.57%) to 2,682.63. The Russell 2000 was up 29.33 points (1.99%) at 1,506.64, and the Wilshire 5000 climbed 441.57 points (1.62%) to 27,669.64.

The price of the 10-year Treasury note was down 9/32, increasing its yield to 3.119%. The price of the 30-year Treasury bond decreased 14/32, bringing its yield up to 3.357%.

Investing
Consider Who Will Select It When Choosing a Retirement Plan Default Investment
A retirement plan’s default investment could have drawbacks for some employees. Read more >
Small Talk
Forty-four percent of employees surveyed said a boss has been the primary reason they have left a job, according to BambooHR’s Bad Boss Index. Seventeen percent of respondents who said a boss had been the primary reason they left a job said it was because their boss took credit for their work. Taking credit for an employee’s work was No. 1 on the Top 10 bad boss behaviors list. Read more >

ON THIS DATE: In 1517, Martin Luther posted the 95 Theses on the door of the Wittenberg Palace Church. The event marked the start of the Protestant Reformation in Germany. In 1864, Nevada became the 36th state to join the U.S. In 1868, Postmaster General Alexander Williams Randall approved a standard uniform for postal carriers. In 1926, magician Harry Houdini died of gangrene and peritonitis resulting from a ruptured appendix. His appendix had been damaged twelve days earlier when he had been punched in the stomach by a student unexpectedly. During a lecture Houdini had commented on the strength of his stomach muscles and their ability to withstand hard blows. In 1941, Mount Rushmore was declared complete after 14 years of work. At the time the 60-foot busts of U.S. Presidents George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln were finished. In 1952, the U.S. detonated its first hydrogen bomb. In 1956, Rear Admiral G.J. Dufek became the first person to land an airplane at the South Pole. Dufek also became the first person to set foot on the South Pole. In 1968, President Lyndon B. Johnson ordered a halt to all U.S. bombing of North Vietnam. In 1969, Wal-Mart Discount City stores were incorporated as Wal-Mart Stores, Inc. In 2001, Microsoft and the U.S. Justice Department reached a tentative agreement to settle the antitrust case against the software company.

WEDNESDAY WISDOM: “Never go to a doctor whose office plants have died.”—Erma Bombeck, American humorist, journalist

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 alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund