Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 9th, 2018

Time Is Running Out to Respond to the 2018 DC Survey

Sponsors of defined contribution (DC) plans are invited to respond to our annual DC Survey. The survey is our largest and most important research project of the year, but we need your help for it to be a success. The deadline for responding has been extended to October 19.Read more >
Members of Congress Ask Trump to Protect ESOPs
A group of legislators is calling out the Department of Labor (DOL) for engaging in enforcement activities against employee stock ownership plans (ESOPs) without providing meaningful guidance. Twenty-seven members of Congress sent a letter to President Donald Trump saying the DOL “has released very little guidance on substantive issues including, for example, valuation.”  The letter was also sent to Secretary of Labor Alexander Acosta, Assistant Secretary of Labor Preston Rutledge and Solicitor of Labor Kate O’Scannlain.Read more >
ERISA Self-Dealing Lawsuit Calls SEI Plan ‘Captive Customer’
SEI Investments Company is the latest investment services provider to face an Employee Retirement Income Security Act (ERISA) lawsuit making allegations of self-dealing. The complaint makes a variety of claims about widespread conflicts of interest in the DC plan industry, suggesting that financial services companies such as SEI deserve extra scrutiny. According to the complaint, the defendants offer “only designated investment options that generate fees for SEI and its affiliates and treat the plan as a captive customer of SEI in order to prop up SEI-affiliated investment products and advance SEI’s business objectives.”Read more >
Industry Voices
Multiemployer Plans Pose Hidden Dangers for Employers
Elliot Dinkin, CEO, Cowden Associates, discusses what plan sponsors should consider about participating in a multiemployer, or Taft-Hartley, plan.Read more >
Participants Missing the Full Match Remains a Big Problem
2021 Recordkeeping Survey
New Financial Audit Rule Increases Requirements for Plan Sponsors
2021 Participant Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Market Mirror

Yesterday, the Dow increased 39.73 points (0.15%) to 26,486.78, the NASDAQ lost 52.50 points (0.67%) to finish at 7,735.95, and the S&P 500 was down 1.14 points (0.04%) at 2,884.43. The Russell 2000 decreased 2.60 points (0.16%) to 1,629.52, and the Wilshire 5000 closed 34.89 points (0.12%) lower at 29,788.14.

The bond market was closed for Columbus Day.

Benefits & Administration
HSA Conference 2018: Evaluation and Selection of an Optimal Investment Line-Up
Investments in health savings accounts (HSAs) are solving for different outcomes than defined contribution (DC) plans, so plan sponsors should take into account different considerations for investment selection.Read more >
HSA Conference 2018: Navigating HSA Programs and Retirement Planning
Once participants understand health savings accounts (HSAs), plan sponsors can encourage them to invest their money and think about saving for future health care costs.Read more >
Real Assets Recommended for Public Pension Plans
A new report from J.P. Morgan Asset Management, “Real Assets’ Role in Public Pension Portfolios,” explores the use of real estate and infrastructure investments. The firm concludes that these asset classes can enhance returns and reduce volatility.Read more >
Institutional Investors Increase Use of ESG Investing
Forty-three percent of institutional investors incorporate environmental, social and governance (ESG) factors into their investing, up from 22% in 2013, according to a new report from Callan, “2018 ESG Survey.” The most modest increase in ESG adoption was among corporate funds, with 20% of them using ESG in 2018, up from 14% in 2013. Asked why they incorporate ESG factors, 42% of the investment managers expect to improve their risk profile, 34% think it is part of their fiduciary responsibility, and 34% have other fund goals besides maximizing risk-adjusted returns.Read more >
Small Talk

ON THIS DATE: In 1701, the Collegiate School of Connecticut was chartered in New Haven. The name was later changed to Yale. In 1781, the last major battle of the American Revolutionary War took place in Yorktown, Virginia. The American forces, led by George Washington, defeated the British troops under Lord Cornwallis. In 1812, during the War of 1812 American forces captured two British brigs, the Detroit and the Caledonia. In 1855, Isaac Singer patented the sewing machine motor. In 1858, mail service via stagecoach between San Francisco and St. Louis began. In 1872, Aaron Montgomery started his mail order business with the delivery of the first mail order catalog. The firm later became Montgomery Ward. In 1888, the public was admitted to the Washington Monument for the first time. In 1936, the first generator at Boulder Dam began transmitting electricity to Los Angeles. The name of the dam was later changed to Hoover Dam. In 1946, the first electric blanket went on sale in Petersburg, Virginia. In 1975, Andrei Sakharov was awarded the Nobel Peace Prize. The Soviet scientist is known as the “father of the hydrogen bomb.” In 2009, NASA launched the Lunar Crater Observation and Sensing Satellite (LCROSS).

TRIVIAL PURSUITS: From where did chickpeas get their name?Read more >
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Editorial: Alison Cooke Mintzer


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