Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 22nd, 2016
Benefits & Administration
Millennial Savers Have Big Opportunities
Two recent provider reports make for interesting and informative reading about the retirement outlook of Millennial workers.Read more >
Caregiving Women Make Up for Retirement Savings Gaps
More than half of caregiving Millennial women saved extra money for retirement to make up for leaves from work—significantly more than the older generations, research finds.Read more >
Shaping Retirement Income Takes a ‘Dynamic’ Effort
A new white paper from Vanguard researchers provides a helpful framework for investors to consider as they look to turn an equity investment portfolio into a sustainable and consistent source of income.Read more >

2023 DC Survey Standouts
Understanding Investments and Fees: A Key Part of Plan Committee Education
Data and Research
Financial Literacy Quiz Reveals Americans Lack Understanding of Retirement Income
Products, Deals and People
Mutual of Omaha Retirement Services announced that it has expanded its retirement platform with Stadion Money Management’s StoryLine 401(k) solution aimed at participants in adviser-sold, small-market plans. This solution uses SPDR exchange traded funds (ETFs).Read more >
Market Mirror

Wednesday, the Dow gained 163.74 points (0.90%) to finish at 18,293.70, the NASDAQ closed 53.83 points (1.03%) higher at 5,295.18, and the S&P 500 increased 23.35 points (1.09%) to 2,163.11. The Russell 2000 was up 16.71 points (1.36%) at 1,245.03, and the Wilshire 5000 climbed 251.87 points (1.13%) to 22,505.25.

On the NYSE, 3.1 billion shares traded, with advancing issues outnumbering declining issues nearly 6 to 1. On the NASDAQ, 2.9 billion shares changed hands, with a more than 2 to 1 lead for advancers.

The price of the 10-year Treasury note increased 10/32, bringing its yield down to 1.656%. The price of the 30-year Treasury bond climbed 1 2/32, decreasing its yield to 2.383%.
Sponsored message from Empower
Empower Retirement’s Lifetime Income Score Report
The sixth annual Lifetime Income ScoreSM report includes survey results from more than 4,000 American workers. Based on individual responses, it estimates the percentage of working income that American households are on track to replace in retirement.Read more >
The U.S. Department of Labor (DOL) has sued a Bridgeport nursing home and one of its officers alleging that they diverted millions of dollars from the company’s retirement plan improperly to a religious corporation and to themselves.Read more >
IRS Extends Nondiscrimination Relief for Closed DBs
The Internal Revenue Service (IRS) is extending temporary nondiscrimination relief for closed defined benefit (DB) plans by making that relief available for plan years beginning before 2018, if certain conditions are satisfied.Read more >
From the Magazine
The Pension Protection Act (PPA) and the resulting qualified default investment alternative (QDIA) regulation turned the prevailing wisdom about defined contribution (DC) default investments on its head. Of the three QDIA options—balanced funds, target-date funds (TDFs), and managed accounts—TDFs get used most, but could a balanced fund be just as good for many participants?Read more >
Bond ETFs Becoming Popular With Institutional Investors
The difficult trading environment in bond markets is fueling the use of bond exchange-traded funds (ETFs) in institutional portfolios. The 104 institutional investors participating in the Greenwich Associates 2016 U.S. Bond ETF Study are experiencing longer execution times, increased execution costs and more difficulty sourcing bond securities and completing trades—especially large ones.Read more >
Small Talk
ON THIS DATE: In 1789, the U.S. Congress authorized the office of Postmaster General. In 1862, U.S. President Abraham Lincoln issued the preliminary Emancipation Proclamation. It stated that all slaves held within rebel states would be free as of January 1, 1863. In 1927, in Chicago, Gene Tunney successfully defended his heavyweight boxing title against Jack Dempsey in the famous “long-count” fight. In 1961, U.S. President John F. Kennedy signed a congressional act that established the Peace Corps. In 1969, Willie Mays hit his 600th career home run. In 1998, the U.S. and Russia signed two agreements. One was to privatize Russia’s nuclear program and the other was to stop plutonium stockpiles and nuclear scientists from leaving the country.
SURVEY SAYS:  Studies indicate that first-born children and only children tend to be more successful in their careers than middle children or the last-born. This week, I’d like to know in which category do you fall, and is this finding true in your family? You may respond to this week’s survey by 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


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