Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 19th, 2017
Benefits & Administration
Employers Bracing for Increase in Health Benefits Costs for 2018
Employers expect health care benefits costs to rise by 4.3% in 2018, marking the highest increase since 2011 when costs rose by 6.1%, according to a study by Mercer. In response, many employers say they plan to raise deductibles and switch carriers. But they are also exploring alternatives that can keep costs down without pushing a large burden onto employees. Read more >
Health Care Costs Affect Employees’ Financial Future
Seventy-nine percent of employees indicate they have experienced an increase in health care costs, and of those, 63% say they are reducing the amount they are saving for retirement, a survey finds. Read more >
Compliance
What 403(b) Plan Sponsors Can Learn From Recent Lawsuits
Fiduciaries of 403(b) plans will have to pay extremely close attention to recordkeeping fees and investment options to avoid getting caught in a whirlwind of 403(b) lawsuits. The ongoing 403(b) plan litigation surrounding a handful of major universities has many plan sponsors wondering whether their institutions might be the next target. However, several steps can be taken to prevent a lawsuit—and to establish defenses in the event one arises. Read more >
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The Senate Math That Could Block SECURE Act
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Open MEPs Not for Every Plan Sponsor
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Pension Participants Claim ERISA Breaches in Dow DuPont Pension Transfer
Market Mirror

Yesterday, the Dow gained 63.01 points (0.28%) to finish at 22,331.35, the NASDAQ increased 6.17 points (0.10%) to 6,454.64, and the S&P 500 closed 3.64 points (0.15%) higher at 2,503.87. The Russell 2000 climbed 9.37 points (0.65%) to 1,441.08, and the Wilshire 5000 was up 22.82 points (0.09%) at 25,962.28.

 

The price of the 10-year Treasury note was down 8/32, increasing its yield to 2.231%. The price of the 30-year Treasury bond decreased 21/32, bringing its yield up to 2.801%.

Sponsored message from Milliman
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Investing
White Labeled Funds Attract More Plan Sponsors
In the past two decades, investment lineups for defined contribution (DC) plans have remained largely unchanged, according to Willis Towers Watson (WTW). The firm believes plan sponsors can gain from revamping their lineups with a focus on “reframing the design of actively managed options with an emphasis on fewer, broader investment options to ease participant decision making.” The firm explores this concept in a new paper where it makes the case for multi-manager white label funds. Read more >
TDFs Outperformed Typical DC Investor Since 2006
The Callan DC Index also shows nearly three-fourths of DC plan account balance growth has been due to investment performance. Read more >
Small Talk

ON THIS DATE: In 1777, the Battle of Saratoga was won by American soldiers during the Revolutionary War. In 1796, U.S. President George Washington’s farewell address was published. In 1876, Melville R. Bissell patented the carpet sweeper. In 1942, the first advertisement to announce Little Golden Books appeared in Publishers Weekly. In 1957, the U.S. conducted its first underground nuclear test. The test took place in the Nevada desert. In 1970, “The Mary Tyler Moore Show” premiered on CBS-TV. In 1982, reportedly, Scott Fahlman became the first person to use 🙂 in an online message. In 1995, the U.S. Senate passed a welfare overhaul bill. In 2003, it was reported that AOL Time Warner was going to drop “AOL” from its name and be known as Time Warner Inc.

TRIVIAL PURSUITS: What were the first milkshakes made from? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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