Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 4th, 2016
Benefits & Administration
Information About Expected Retirement Income Could Increase Savings
Research suggests that information about expected retirement income can nudge individuals to increase their retirement savings. Researchers used German tax return data from administrative records to study the effect of letters about expected pensions on private retirement savings, and the results indicate that the letters increased contributions to private retirement accounts. The effect was fairly sizable, the researchers say.Read more >
Contingent Workers Desire Better Benefits
The increased visibility and flexibility of gig work in everyday life has brought contingent workers into the spotlight, along with their desire for better access to retirement savings and health benefits.Read more >
Humana Inc. Defeats Class Action Claims of Excessive 401(k) Fees
Rhode Island Becomes 20th State to Pass Retirement Savings Program
Wells Fargo Targeted in New 401(k) Forfeiture Lawsuit
DCIIA Unveils a Lexicon for Automatic DC Plan Design
After 18 months, two membership surveys and much additional discussion, the Defined Contribution Institutional Investment Association (DCIIA) is premiering a glossary of standardized definitions for the six most troublesome terms—re-enrollment included—used to articulate the features of automatic plan design.Read more >
Products, Deals and People
NAGDCA Offers Materials for National Retirement Security Week
The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) has developed the “Your Whole Story” campaign for National Retirement Security Week. “The campaign is designed to inspire people to look at their own lives and make a commitment to taking care of the financial aspects of it,” says NADGCA President Polly Scott. National Retirement Security Week is October 16 through 22 this year, and a U.S. Senate resolution supports the goals of the week.Read more >
Sponsored message from Prudential
The Ease of Automation and Guaranteed Lifetime Income
Prudential Retirement recently commissioned a survey that asked plan participants their thoughts on plan design features including auto enrollment, auto escalation and guaranteed lifetime income solutions. This whitepaper takes an in-depth look at the findings and suggests ways for plan sponsors to better meet participant needs and expectations.Read more >
Economic Events
The U.S. Census Bureau of the Department of Commerce announced that construction spending during August was estimated at a seasonally adjusted annual rate of $1,142.2 billion, 0.7% below the revised July estimate of $1,150.6 billion. The August figure is 0.3% below the August 2015 estimate of $1,145.2 billion. During the first eight months of this year, construction spending amounted to $755.0 billion, 4.9% above the $720.0 billion for the same period in 2015.
Market Mirror

Yesterday, the Dow lost 54.30 points (0.30%) to finish at 18,253.85, the NASDAQ closed 11.13 points (0.21%) lower at 5,300.87, and the S&P 500 decreased 7.12 points (0.33%) to 2,161.16. The Russell 2000 was down 5.87 points (0.47%) at 1,245.78, and the Wilshire 5000 fell 73.70 points (0.32%) to 22,503.48.

On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.9 billion shares traded, with declining issues outnumbering advancing issues 1.4 to 1 on both exchanges.

The price of the 10-year Treasury note was down 8/32, increasing its yield to 1.623%. The price of the 30-year Treasury bond decreased 18/32, bringing its yield up to 2.342%.
Sponsored message from MetLife
Webcast: Lifetime Income for Defined Contribution Plans – A Path Forward
PLANSPONSOR and MetLife discuss findings from MetLife’s new Lifetime Income Poll, and offer perspectives about the core purpose of a DC plans, including best practices for delivering income solutions to participants.Read more >
Award Nominations Open
2017 Award Nominations Open
Nomination forms for the 2017 PLANSPONSOR Plan Sponsor of the Year Awards and Retirement Plan Adviser of the Year awards are now available.Read more >
From the Magazine
Reining In Health Benefit Costs
Strategies for reducing the cost of providing health care benefits keep evolving, and new ones continue to emerge.Read more >
Small Talk
ON THIS DATE: In 1535, the first complete English translation of The Bible was printed in Zurich, Switzerland. In 1648, the first volunteer fire department was established in New York by Peter Stuyvesant. In 1777, at Germantown, Pennsylvania, Patriot forces and British forces both suffered heavy losses in battle. The clash was seen as a British victory, which actually served as a morale boost to the Americans. In 1881, Edward Leveaux received a patent for the player piano. In 1895, the first U.S. Open golf tournament took place in Newport, Rhode Island. Horace Rawlins, at 19-years-old, won the tournament. In 1933, “Esquire” magazine was published for the first time. In 1957, “Leave it to Beaver” debuted on CBS-TV. In 1957, the Soviet Union launched Sputnik I into orbit around the Earth. Sputnik was the first manmade satellite to enter space. In 1958, British Overseas Airways Corporation became the first jetliner to offer trans-Atlantic service to passengers with flights between London, England and New York. In 1976, Barbara Walters joined Harry Reasoner at the anchor desk of the “ABC Evening News” for the first time. In 2001, NATO granted the United States open access to their airfields and seaports and agreed to deploy ships and early-warning radar planes in the war on terrorism.
TRIVIAL PURSUITS: What was Johann Sebastian Bach most famous for in his time?Read more >
Share the good 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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