Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 17th, 2015
Benefits & Administration
Employees Want Custom Benefits Communication
Employees entering the work force and those near retirement need tailored communications to optimize workplace benefits, according to the third annual Guardian Workplace Benefits Study. Employees just starting their careers and those nearing retirement have distinct financial needs. Read on to learn how early entrants differ from near retirees in their needs and concerns.Read more >
Participant Distribution Decisions Have Implications for Plan Design
In an update to its December 2013 analysis of retirement-age defined contribution (DC) plan participant distribution decisions, Vanguard found more than two-thirds of participants take steps to preserve assets, and nine in 10 plan dollars are preserved for retirement. According to Vanguard’s report, “Retirement distribution decisions among DC participants—An update,” retirement plan participants’ distribution behavior has implications for the design of target-date funds and retirement income programs.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
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Market Mirror

Energy stocks led a rally on the stock market as the price of oil turned sharply higher, the Associated Press reports. The Dow gained 140.10 points (0.84%) to finish at 16,739.95, the NASDAQ was up 28.72 points (0.59%) at 4,889.24, and the S&P 500 closed 17.22 points (0.87%) higher at 1,995.31. The Russell 2000 increased 9.21 points (0.79%) to 1,175.20, and the Wilshire 5000 climbed 181.51 points (0.87%) to 21,033.25.                         

On the NYSE, 3.2 billion shares traded, with a more than 3 to 1 lead for advancers. On the NASDAQ, 2.8 billion shares changed hands, with 1.6 advancing issues for every declining issue.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.297%. The price of the 30-year Treasury bond decreased 10/32, bringing its yield up to 3.086%.

Compliance
PBGC Issues Final Rule for eFiling Multiemployer Plan Notices
The Pension Benefit Guaranty Corporation (PBGC) has issued a final rule amending its regulations to require electronic filing of certain multiemployer notices. What changes have been made from the proposed rule in April, and what notices must be filed electronically?Read more >
Health Plan Compliance Issues to Consider
Many employers are in the final stages of designing their 2016 health benefit programs, contribution strategies, vendor terms and employee communications. To assist in this effort, Mercer has recently published the top 10 compliance-related issues with respect to the Patient Protection and Affordable Care Act (ACA) and other health benefit regulations employers should address in planning for the upcoming year.Read more >
Investing
DCIIA Says Illiquid Assets ‘Manageable’ in DC Plans
Especially when included in a retirement plan menu as part of a target-date fund (TDF) or another automatic asset-allocation solution, illiquid private equity investments can significantly benefit defined contribution (DC) account owners. An analysis from the Defined Contribution Institutional Investment Association (DCIIA) finds that “a strong case can be made for including such assets in DC plans,” and numerous precedents for non-market pricing methods exist to guide plans through the implementation process. Is having daily liquidity a good thing for DC plan participants?Read more >
Small Talk
ON THIS DATE: In 1787, The Constitution of the United States of America was signed by delegates at the Constitutional Convention. In 1862, The Battle of Antietam took place during the American Civil War. More than 23,000 men were killed, wounded, or missing. The Rebel advance was ended with heavy losses to both armies. In 1911, the first transcontinental airplane flight started. It took C.P. Rogers 82 hours to fly from New York City to Pasadena, California. In 1920, the American Professional Football Association was formed in Canton, Ohio. It was the precursor to the National Football League (NFL). In 1953, the Ochsner Foundation Hospital in New Orleans, Louisiana, successfully separated Siamese twins. Carolyn Anne and Catherine Anne Mouton were connected at the waist when born. In 1964, “Bewitched” premiered on ABC-TV. In 1972, “M*A*S*H” premiered on CBS-TV. In 1984, 9,706 immigrants became naturalized citizens when they were sworn in by U.S. Vice President George Bush in Miami, Florida. It was the largest group to become U.S. citizens. In 1984, Reggie Jackson hit his 500th career home run. It was exactly 17 years from the day he hit his first major league home run.
SURVEY SAYS: Our coverage of a survey about different generations’ assessments of job candidates made me think about problems that may exist between employees and bosses of different generations. This week, I’d like to know, is your boss from a different ‘generation’ than you, and does this cause you issues at the workplace? You may respond to the survey 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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