Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 26th, 2019
Benefits & Administration
Retirement System Problems Contribute to Financial Inequality
Researchers contend that financial asset inequality is exacerbated by regressive tax incentives for retirement savings and unequal access to employer-provided retirement plans, and they offer suggesting for addressing this. Read more >
Creating a Better Open Enrollment Experience for Employees
Surveys show employees are unsatisfied with, or even dread, the open enrollment process, but there are things employers can do to engage employees in evaluating options and choose the right benefits for them. Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
2
Congressional Leaders Want SECURE Act Passage in 2019
3
Social Security Administration Announced COLA for 2020
4
Could GE Have Continued Its DB Benefits?
5
Millennium Trust Helps Small Businesses Select a Retirement Plan
Sponsored message from Ayco
The SECURE Act-What's in it?
Learn three key provisions in the SECURE Act. Read more >
Products, Deals and People
Start-Up Specialist America’s Best 401k Acquired by Creative Planning
Creative Planning already has a well-established 401(k) offering, but the acquisition will open up its market reach to smaller plans. Read more >
Economic Events

Sales of new single‐family houses in August were at a seasonally adjusted annual rate of 713,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.1% above the revised July rate of 666,000 and is 18% above the August 2018 estimate of 604,000.

Market Mirror

Wednesday, the Dow gained 162.94 points (0.61%) to finish at 26,970.71, the NASDAQ closed 83.76 points (1.05%) higher at 8,077.38, and the S&P 500 increased 18.27 points (0.62%) to 2,984.87. The Russell 2000 was up 17.07 points (1.11%) at 1,550.65, and the Wilshire 5000 climbed 204.19 points (0.67%) to 30,506.51.

 

The price of the 10-year Treasury note decreased 7/32, bringing its yield up to 1.730%. The price of the 30-year Treasury bond fell 1 29/32, increasing its yield to 2.181%.

Compliance
Home Depot ERISA Lawsuit Clears Dismissal Motions
While a court has ruled the plan’s advisers should be carved out of the litigation, the counts against Home Depot fiduciaries will proceed. Read more >
Investing
Several Strategies Help DB Plan Sponsors Manage Financial Risks
MassMutual discusses four main strategies for limiting or eliminating defined benefit plan risks over time: hibernating risks, establishing glide paths, hedging risks by re-allocating investment assets and shifting pension obligations to a life insurer by purchasing annuities. Read more >
Sponsored message from ADP
Are employees relying on employers to solve financial problems?
Employees who are financially stressed and working out of economic necessity can negatively impact workplace productivity. Read more >
Small Talk

ON THIS DATE: In 1580, English seaman Francis Drake returned to Plymouth, England, in the Golden Hind, becoming the first British navigator to sail the earth. In 1789, Thomas Jefferson was appointed America’s first Secretary of State. John Jay was appointed the first chief justice of the U.S. Samuel Osgood was appointed the first Postmaster-General. Edmund Jennings Randolph was appointed the first Attorney General. In 1914, the U.S. Federal Trade Commission was established. In 1950, U.N. troops recaptured the South Korean capital of Seoul from the North Koreans during the Korean Conflict. In 1960, the first televised debate between presidential candidates Richard M. Nixon and John F. Kennedy took place in Chicago. In 1986, William H. Rehnquist became chief justice of the U.S. Supreme Court following the retirement of Warren Burger. In 1990, the Motion Picture Association of America announced that it had created a new rating. The new NC17 rating was to keep moviegoers under the age of 17 from seeing certain films. In 1991, four men and four women began their two-year stay inside the “Biosphere II.” The project was intended to develop technology for future space colonies. In 1993, the eight people who had stayed in “Biosphere II” emerged from their sealed off environment. In 1996, Shannon Lucid returned to Earth after being in space for 188 days. She set a time record for a U.S. astronaut in space and in the world for time spent by a woman in space.

SURVEY SAYS: The majority of companies have established regular work hours—9 to 5, 8 to 5, etc.—but it may take working beyond those hours to get all work done or get work done well. This week, I’d like to know, do you work beyond your company’s regular work hours and if so, do you prefer to do so by coming in early, staying late or in some other way? You may respond to this week’s survey by 6 p.m. Pacific time today. Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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