Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 1st, 2016
Benefits & Administration
A Public Plan Sponsor Gives Employees View of Retirement
A virtual retirement tour helped get more employees enrolled in their 457 plan and employees more engaged in their retirement savings.Read more >
Study Finds Retirement Calculators Not Tax Efficient
According to research published in The Financial Analysts Journal, most retirement calculators cheat investors out of at least six years of retirement income by using inefficient drawdown strategies.Read more >
Knowing Fundamentals Key to Retirement Confidence
People “unsure” about their retirement prospects are much more likely than those “on track” to have calculated how much to save, according to a BlackRock survey.Read more >
MOST READ ARTICLES
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2021 DC Plan Benchmarking Survey
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Working Past Age 65 May Seem Like a Great Idea …
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2022 Retirement Industry Trends to Follow
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TRIVIAL PURSUITS: Residents of the Island of Misfit Toys
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2021 Recordkeeping Survey
Higher Education Institutions Generous With Retirement Contributions
The College & University Benefits Study, conducted by Sibson Consulting, finds 77% of all defined contribution (DC) plans of private and public higher education institutions included contributions almost three times greater than corporate contributions in 401(k) plans. For universities that utilize DC plans, the study finds the median institution contribution to be 9%, with a 25th percentile at 7.1% and a mean contribution of 8.7%.Read more >
Products, Deals and People
According to its recent stock plan participant survey, ETRADE Securities found two out of five stock plan participants don’t understand vesting and two out of three don’t understand the tax implications of their plans. And despite using the equity received from grants to fund retirement plans, many plan participants have trouble understanding the core aspects of their benefits. In an attempt to reverse this trend, ETRADE says it created “a greatly enhanced experience, offering a simplified interface that provides clear insight and actionable steps to help plan participants with making informed decisions.”Read more >
Sponsored message from PNC
Generational Divide in the Workplace
Generational Divide in the Workplace and Its Impact on Plan ParticipatioRead more >
Market Mirror

Yesterday, the Dow lost 53.42 points (0.29%) to finish at 18,400.88, the NASDAQ closed 9.77 points (0.19%) lower at 5,213.22, and the S&P 500 was down 5.25 points (0.24%) at 2,170.87. The Russell 2000 decreased 6.13 points (0.49%) to 1,239.89, and the Wilshire 5000 fell 58.46 points (0.26%) to 22,561.22.

On the NYSE, 3.1 billion shares traded, with 1.6 declining issues for every advancing issue. On the NASDAQ, nearly 3 billion shares changed hands, with a 1.8 to 1 ration of decliners to advancers.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.577%. The price of the 30-year Treasury bond was unchanged, with its yield at 2.232%.
Compliance
Chevron Wins Dismissal of ERISA Challenge
An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has been dismissed after a hearing before the U.S. District Court for the Southern District of California—making for some informative reading for ERISA industry practitioners. Among other things, the six plaintiffs who filed the proposed class action alleged that plan fiduciaries “breached their duties of loyalty and prudence by providing participants with a money market fund as a capital preservation option, instead of offering them a stable value fund.”Read more >
Small Talk
ON THIS DATE: In 1799, the Bank of Manhattan Company opened in New York City. It was the forerunner of Chase Manhattan. In 1807, former U.S. Vice President Aaron Burr was found innocent of treason. In 1878, Emma M. Nutt became the first female telephone operator in the U.S. The company was the Telephone Dispatch Company of Boston. In 1939, World War II began when Germany invaded Poland. In 1942, a federal judge in Sacramento, California, upheld the wartime detention of Japanese-Americans as well as Japanese nationals. In 1945, the U.S. received official word of Japan’s formal surrender that ended World War II. In Japan, it was actually September 2nd. In 1970, the last episode of “I Dream of Jeannie” aired on NBC-TV. In 1972, America’s Bobby Fischer beat Russia’s Boris Spassky to become world chess champion. In 1979, the U.S. Pioneer 11 became the first spacecraft to visit Saturn. In 1985, the Titanic was found by Dr. Robert Ballard and Jean Louis Michel in a joint U.S. and French expedition.
SURVEY SAYS:  Studies show many retirement plan participants are planning to delay retirement to make sure they don’t outlive their savings. This week, I’d like to know, do you plan to delay your retirement? Are employees in your company delaying retirement, and what effect is this having on your company? You may respond to this week’s survey at 6 p.m. Pacific time today.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 alison.mintzer@strategic-i.com

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