Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 8th, 2015
Benefits & Administration
Health Care in Retirement Will Cost How Much?
According to Fidelity’s Retirement Health Care Cost Estimate study, a healthy couple retiring this year at age 65 should expect to spend $245,000 on health care throughout retirement, up from $220,000 last year. The figure has increased 29% since 2005, Fidelity says, when the projection was a cool $190,000. Fidelity’s report looks into the factors that have boosted the estimate.Read more >
U.S. pension plan deficits rose by $102 billion in the third quarter, a shift from the previous quarter that saw the deficit decline by $81 billion, according to the Aon Hewitt Pension Risk Tracker. Data from the Pension Risk Tracker, which evaluates daily funded status for Standard & Poor’s (S&P) 500 companies with defined benefit (DB) pension plans, shows the aggregate funded ratio decreased, from 83.5% to 78.7%. The change was largely driven by asset reductions of $79 billion, along with liability increases of $23 billion year to date.Read more >
MOST READ ARTICLES
1
2021 Target-Date Fund Survey
2
The DOL Has Begun Retirement Plan Cybersecurity Audits
3
Rush of Litigation Against Retirement Plans Expected to Continue
4
2020 Recordkeeping Survey
5
Differences Between Safe Harbor and Traditional DC Plans
The aggregate funded ratio for U.S. corporate pension plans decreased, to 81.3%, for the month of September, according to Wilshire Consulting, the institutional investment advisory and outsourced-CIO business unit of Wilshire Associates Incorporated.Read more >
Products, Deals & People
Retirement Planning Added to Benefits Engagement Solution
Navera Inc., a provider of cloud-based benefits engagement solutions, introduced a retirement plan module that provides employees with a personally relevant experience to help them make smart financial decisions regarding their 40l(k) or 403(b) options. Key features of Navera’s solutions include 24/7 online access and interactive, self-paced 401(k) and 403(b) education, to meet the demands of today’s internet-savvy employees, among other features.Read more >
Sponsored message from Morningstar
Download Whitepaper: How Can You Help Your Employees Retire?
You’ve seen the headlines. Retirement is in trouble. The move from DB to DC has shifted the burden of retirement planning on to employees-a task that few are equipped to take on. How can employers help?Read more >
Market Mirror

Stocks posted solid gains Wednesday, helped by advances in health-care and industrial companies, according to the Associated Press. The Dow climbed 122.10 points (0.73%) to 16,912.29, the NASDAQ rose 42.79 points (0.90%) to 4,791.15, and the S&P 500 bumped up 15.91 points (0.80%) to 1,995.83. The Russell 2000 increased 18.91 points (1.67%) to 1,152.60, and the Wilshire 5000 climbed 191.58 (0.92%) to finish at 20,954.71.

On the NYSE, 3.2 billion shares traded, with a 3:1 lead for advancing issues. On the NASDAQ, 2.8 billion shares changed hands, with 2.6 advancers for every declining issue.

The price of the 10-year Treasury note dropped 9/32, increasing its yield to 2.065%. The price of the 30-year Treasury bond fell 14/32, bringing its yield up to 2.894%.

Compliance
Enforcement, Pre-Approved Plans Among IRS 2016 Priorities
In an announcement about the Internal Revenue Service (IRS) Tax Exempt and Government Entities (TE/GE) Division priorities, the IRS says it anticipates starting several new compliance check projects in fiscal year 2016. The Employee Plans (EP) unit will focus resources into specialty program casework, which the IRS says have a historical pattern of non-compliance and also allow for greater coverage of the retirement plan participant universe.Read more >
From the Magazine
Review of Recordkeeping Fee Structures
Retirement plan fees are a hot button issue for plan sponsors. As a fiduciary, one must ensure that all plan costs are reasonable and necessary, but while monitoring expenses is a necessary fiduciary duty, once an appropriate recordkeeping fee has been agreed upon, how should it be paid?Read more >
Small Talk
ON THIS DATE:  In 1919, the first transcontinental air race in the United States began. In 1944, “The Adventures of Ozzie and Harriet” debuted on CBS radio. In 1945, U.S. President Truman announced that only Britain and Canada would be given the secret to the atomic bomb. In 1950, U.N. forces crossed into North Korea from South Korea. In 1956, Donald James Larsen (New York Yankees) pitched the first perfect game in the history of the World Series. In 2001, two Russian cosmonauts made the first spacewalk to be conducted outside of the international space station without a shuttle present. In 2003, Siegfried Fischbacher and his manager announced that the “Siegfried and Roy” show at the Mirage was canceled permanently. It was also said that if Roy Horn survived, after a tiger attack on October 3, the duo would continue to work together.
SURVEY SAYS: I’ve seen many announcements lately of companies winning “Best Places to Work” awards. This week, I’d like to know. Is your company a “best place” to work, and if so, what factors make it so? You may respond to this week’s survey, anonymously, of course, by 6 p.m. Pacific time today.Read more >
Share the good news with a friend! Pass the Dash 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

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