Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 20th, 2019

2019 Target-Date Fund Survey

PLANSPONSOR editors contacted investment managers and providers for their most up-to-date data on their target-date investment products available for use in defined contribution (DC) plans.Read more >
Natixis Reports U.S. Drop in Global Retirement Index
Natixis identifies interest rates, longevity and climate change as the three pressing risks affecting retirement in the U.S.Read more >
Health Care a Top Concern to Address in Financial Wellness Programs
Surya Kolluri, with Bank of America, says financial wellness should be thought of in the broadest way, with an eye toward how employees live their lives; this includes health care and caregiving efforts.Read more >
Sponsored message from Ayco
Tax law changes impacted nonqualified deferred compensation. Find out what you need to know.Read more >
New Financial Audit Rule Increases Requirements for Plan Sponsors
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Participants Missing the Full Match Remains a Big Problem
2021 Recordkeeping Survey
Parties in Church Plan Lawsuit Finally Get Preliminary Approval of Settlement
Economic Events

Existing-home sales inched up in August, marking two consecutive months of growth, according to the National Association of Realtors. Three of the four major regions reported a rise in sales, while the West recorded a decline last month. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.3% from July to a seasonally adjusted annual rate of 5.49 million in August. Overall sales are up 2.6% from a year ago (5.35 million in August 2018).

In the week ending September 14, the advance figure for seasonally adjusted initial claims for unemployment insurance was 208,000, an increase of 2,000 from the previous week’s revised level of 206,000, the Labor Department reported. The four-week moving average was 212,250, a decrease of 750 from the previous week’s revised average of 213,000.

The average interest rate for a 30-year fixed-rate mortgage is 3.73%, up from 3.56% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.21%, up from 3.09%.

Market Mirror

Thursday, the Dow decreased 52.29 points (0.19%) to 27,094.79, the NASDAQ was up 5.49 points (0.07%) at 8,182.88, and the S&P 500 was virtually unchanged at 3,006.79. The Russell 2000 closed 6.87 points (0.44%) lower at 1,561.47, and the Wilshire 5000 was down 12.48 points (0.04%) at 30,750.09.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.791%. The price of the 30-year Treasury bond increased 4/32, bringing its yield down to 2.229%.

Products, Deals and People
Investment Product and Service Launches
Franklin Templeton expands active fixed income ETF suite; Industry veterans form equity strategy firm; and Robeco adds emerging markets ESG strategy.Read more >
Firms Announce Changes to Equity Compensation, ESPP Platforms
UBS enhanced its equity compensation plan services and digital platform, and Carver Edison’s Cashless Participation technology is now available to all public companies who use E*TRADE Corporate Services to manage their employee stock purchase plans (ESPPs).Read more >
Sponsored message from American Century Investments
The Making of a Glide Path
Understanding the impact of design decisions on retirement outcomes. Read more >
Small Talk

ON THIS DATE: In 1881, Chester A. Arthur became the 21st president of the U.S. President James A. Garfield had died the day before. In 1946, the first Cannes Film Festival premiered. In 1953, Jimmy Stewart debuted on the radio western “The Six Shooter” on NBC. In 1973, in a highly publicized “Battle of the Sexes” tennis match, top women’s player Billie Jean King, 29, beat Bobby Riggs, 55, a former No. 1 ranked men’s player. In 1995, AT&T announced that it would be splitting into three companies. The three companies were AT&T, Lucent Technologies, and NCR Corp. In 1995, the House of Representatives voted to drop the national speed limit. This allowed the states to decide their own speed limits.

And now it’s time for FRIDAY FILES!

I’ve done this (although not that song)—and danced!Read more >
Interesting facts about our vision.Read more >
In Washington, D.C., a post of home security footage that showed what appeared to be a huge cat sparked fears that there was a mountain lion or cougar loose. However, a local woman came forward and told NBC 4 that the cat in the video is her own pet, Cookie.  “He’s utterly docile,” she said. “He’s small. He’s a domestic cat and we’ve had him for six and a half years.” However, Cookie’s veterinarian told the station that Cookie was a long cat who “takes up most of the table” when he comes in for a visit. [pic]Read more >
At the LaPorte County Library in Indiana, librarians want you to know that tacos do not make good bookmarks. [pic]Read more >

In Chicago, State Representative Jaime Andrade was discussing ideas to address a Chicago Transit Authority stop known by some as “pigeon poop station” with a reporter outside of the Irving Park Blue Line station. WBBM-TV reports that one of the birds did its business on the head of the lawmaker during the interview. Andrade rubbed the top of his head and said, “I think they just got me.” Talk about backing up your argument with evidence.

In Lincoln, Nebraska, a heart-broken 19-year-old awoke from a nap to find the carpet on fire in her apartment. Turns out, before the nap, she had used a butane torch to set fire to love letters from her ex. According to the Associated Press, police say the woman left some of them of the floor.

Have a wonderful weekend!

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Editorial: Alison Cooke Mintzer


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