Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 27th, 2018
Benefits & Administration
Translating Account Balances to Monthly Retirement Income Helps Participants
Many Americans don’t always understand how their retirement account balances will translate into income during their retirement years, LIMRA Secure Retirement Institute (LIMRA SRI) research finds. More than half (52%) of all U.S. workers (ages 20 to 79) surveyed by LIMRA SRI say it is difficult to know how retirement savings will translate into monthly income. The study suggests offering workers retirement savings income estimates can help bridge this gap. Read more >
Transamerica Offers Suggestions for Further Improving Retirement Security
While defined contribution plans showed resilience during the Great Depression and recovery, more can be done to help participants, Transamerica Center for Retirement Studies says. Read more >
Health Care Management Combined With Annuities May Help With Retirement Health Costs
A report details how utilizing the savings through health management can fund staggered annuities to help pay for health care expenses in retirement. Read more >
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Products, Deals and People
Providers Collaborate on Employer Student Loan Repayment Benefits
Edukate, a financial wellness platform, is collaborating with Gradifi, an employee benefits platform that helps people pay down their student loan debt and save for college. For Edukate, this is the first step towards a fully-integrated financial benefits platform for employers. Read more >
Economic Events

Sales of new single-family houses in August were at a seasonally adjusted annual rate of 629,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.5% above the revised July rate of 608,000 and is 12.7% above the August 2017 estimate of 558,000.

Sponsored message from Vanguard
How TDFs can help combat inflation
Can target-date funds (TDFs) withstand increasing inflationary pressures? We believe so, all while providing long-term growth in excess of inflation. Read more >
Market Mirror

Wednesday, the Dow closed 106.93 points (0.40%) lower at 26,385.28, the NASDAQ was down 17.11 points (0.21%) at 7,990.37, and the S&P 500 decreased 9.59 points (0.33%) to 2,905.97. The Russell 2000 fell 17.20 points (1.01%) to 1,691.61, and the Wilshire 5000 lost 130.69 points (0.43%) to finish at 30,171.92.

 

The price of the 10-year Treasury note increased 15/32, bringing its yield down to 3.042%. The price of the 30-year Treasury bond climbed 28/32, decreasing its yield to 3.180%.

Compliance
Divisions Remain in Courts Regarding the Burden of Proof
A case set to go to the U.S. Supreme Court for a decision about who bears the burden of proof when fiduciary harm is alleged in Employee Retirement Income Security Act (ERISA) cases has been settled. Two legal experts weigh in. Read more >
Investing
Analysis Finds Shift Away from U.S. Equity in Favor of Other Asset Classes
Corporate plans have significantly increased their U.S. fixed income allocation, while public plans have used the funds from U.S. equity and placed them into alternatives, Investment Metrics finds. Read more >
Small Talk

ON THIS DATE: In 1779, John Adams was elected to negotiate with the British over the American Revolutionary War peace terms. In 1939, after 19 days of resistance, Warsaw, Poland, surrendered to the Germans after being invaded by the Nazis and the Soviet Union during World War II. In 1954, The “Tonight!” show made its debut on NBC-TV with Steve Allen as host. In 1979, the Department of Education became the 13th Cabinet in U.S. history after the final approval from Congress. In 1983, Larry Bird signed a seven-year contract with the Boston Celtics worth $15 million. The contract made him the highest paid Celtic in history. In 1986, the U.S. Senate approved federal tax code changes that were the most sweeping since World War II. In 1989, Columbia Pictures Entertainment agreed to buyout Sony Corporation for $3.4 billion. In 1989, two men went over the 176-foot-high Niagara Falls in a barrel. Jeffrey Petkovich and Peter Debernardi were the first to ever survive the Horshoe Falls. In 1991, President George H.W. Bush eliminated all land-based tactical nuclear arms and removed all short-range nuclear arms from ships and submarines around the world. Bush then called on the Soviet Union to do the same. In 1995, the U.S. government unveiled the redesigned $100 bill. The bill featured a larger, off-center portrait of Benjamin Franklin.

SURVEY SAYS: We covered a survey that found nearly seven in 10 full-time employees (68%) talk with some work friends about how much money they make. This week, I’d like to know, do you discuss how much you make with any of your coworkers? You may respond to the survey by 6 p.m. Pacific time today. Read more >
Share the 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 alison.mintzer@strategic-i.com

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

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