Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 4th, 2018
Benefits & Administration
Financial Priorities Differ With Stages in Life
The Society of Actuaries (SOA) released a series of reports on the financial challenges and retirement perspectives affecting all generations, namely Millennials, Gen Xers, Late Baby Boomers, Early Baby Boomers and members of the Silent Generation. The first report, “Financial Priorities, Behaviors and Influence on Retirement,” reveals that Millennials are struggling to establish themselves financially. Gen Xers are in a much better financial place, with many having paid down their student loans. This is enabling them to focus on retirement savings.Read more >
Industry Voices
Barry’s Pickings: What Are Benefits?
Benefits—as most HR professionals will generally (and sooner or later) intuit—are at the heart of this firm culture issue. They are a critical place in which a firm defines itself.Read more >
From the Magazine
2018 PLANSPONSOR National Conference
From holistic wellness suggestions, compliance updates and industry stats, read what experts were saying at the PLANSPONSOR National Conference this year.Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
Maximum Benefit and Contribution Limits Table 2020
3
IRS Proposes Update to Mortality Tables Used to Calculate RMDs
4
Employees Are Making Each Other Sick
5
Congressional Leaders Want SECURE Act Passage in 2019
Market Mirror

Wednesday, the Dow closed 54.45 points (0.20%) higher at 26,828.39, the NASDAQ gained 25.54 points (0.32%) to finish at 8,025.09, and the S&P 500 was up 2.08 points (0.07%) at 2,925.51. The Russell 2000 climbed 15.25 points (0.92%) to 1,671.29, and the Wilshire 5000 increased 39.90 points (0.13%) to 30,294.91.

 

The price of the 10-year Treasury note decreased 1 0/32, bringing its yield up to 3.185%. The price of the 30-year Treasury bond fell 2 5/32, increasing its yield to 3.336%.
Sponsored message from Schwab Retirement Plan Services, Inc.
The Millennial Money Myth
Why Millennials are more financially savvy than previously thought and demanding more from plan sponsors.Read more >
Compliance
Legislator Introduces Portable Retirement Account
Congressman Jim Himes of Connecticut has introduced the Personal Retirement and Investment Account (PRIA) Act, a bill he deems as a solution for Americans lacking benefits in the current retirement savings system. PRIA’s goal will be allowing individuals to have personalized and independent accounts, regardless of their employment situation.Read more >
Investing
Arnerich Massena Makes Economic Case for ESG Investing
Arnerich Massena published a new white paper detailing the fast-moving and interrelated topics of environmental, social and governance (ESG) investing and socially responsible investing (SRI), titled “Impact Investing: Why, What, How?” The paper concludes that impact investing is not philanthropy, “nor is it about sacrificing return in exchange for a societal good, nor even about prioritizing social and environmental impact over generating wealth.” In fact, according to the paper, there is a clear economic case to make for supporting and encouraging sustainability in business.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 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, 19 years old, won the tournament. In 1915, the Dinosaur National Monument was established. The area covered part of Utah and Colorado. In 1931, the comic strip “Dick Tracy” made its debut in the Detroit Daily Mirror. The strip was created by Chester Gould. 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. It was the first manmade satellite to enter space. 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.

 

 

No SURVEY SAYS this week.
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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