Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 28th, 2017
Webcast Event
Target-date funds (TDFs) have become one of the most common default investment offerings in defined contribution plans today, but they’re not perfect. TDFs can be a less expensive, one-size-fits-all solution. Research shows that more personalized solutions like managed accounts may potentially improve chances for helping participants reaching their financial goals, but they often come at a higher cost. A hybrid, dynamic solution can offer a combination of the two. Please join Morningstar Investment Management LLC speakers David Blanchett, Head of Retirement Research and Daniel Bruns, Product Manager, Large Plan Practice, today, as they explore the potential benefits of a dynamic investment approach; which types of plans and participants dynamic investment approaches tend to be best suited for; and the possible advantages and disadvantages of both TDFs and managed accounts.Read more >
Benefits & Administration
SPARK Releases Best Practices for Cyber Security Capability Reporting
The best practices tell retirement plan recordkeepers how they should report their cyber security capabilities to plan sponsors and advisers.Read more >
2021 Recordkeeping Survey
New Financial Audit Rule Increases Requirements for Plan Sponsors
2021 Plan Sponsor of the Year
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
DOL Proposes New Rule on ESG Investing in Retirement Plans
Products, Deals and People
PlanSource Streamlines Deductions and Add-On Services
The introduction of Halley software into PlanSource solutions provides human resources teams with a time-saving tool for deducting benefits costs from payroll, among other capabilities.Read more >
Vanguard Revamps Online Experience to Boost Retirement Readiness
Leveraging decades of behavioral-finance research and big-data analytics, Vanguard has revamped its digital capabilities to help participants boost their retirement readiness. When logging on to the new participant Web portal, investors immediately see their account balances and retirement readiness indicators, which illustrate progress toward a particular retirement goal. Participants are also presented with personalized recommendations such as boosting contribution rates by a slight amount to meet the company match.Read more >
Sponsored message from Vanguard
Target-Date Funds: Built to Weather Volatility Uncertainty is often the cause of knee-jerk reactions by investors. Many DC plan sponsors select target-date funds (TDFs) as their plan’s qualified default investment alternative to curb emotional investing.Read more >
Economic Events
New orders for manufactured durable goods in August increased $3.9 billion or 1.7% to $232.8 billion, the U.S. Census Bureau announced. This increase, up two of the last three months, followed a 6.8% July decrease. Excluding transportation, new orders increased 0.2%. Excluding defense, new orders increased 2.2%. Transportation equipment, also up two of the last three months, led the increase, $3.6 billion or 4.9% to $77.4 billion.
Market Mirror

Wednesday, the Dow was up 56.39 points (0.25%) at 22,340.71, the NASDAQ gained 73.10 points (1.15%) to finish at 6,453.26, and the S&P 500 increased 10.20 points (0.41%) to 2,507.04. The Russell 2000 climbed 27.95 points (1.92%) to 1,484.81, and the Wilshire 5000 closed 147.70 points (0.57%) higher at 26,114.74.

The price of the 10-year Treasury note decreased 17/32, bringing its yield up to 2.298%. The price of the 30-year Treasury bond fell 1 16/32, increasing its yield to 2.852%.

IRS Allows for Effective Date Addendums for 403(b) Plan Documents
Generally, the overall effective date for 403(b) pre-approved plans are plan years beginning on or after January 1, 2010, but this raises issues for certain plan sponsors.Read more >
IRS Announces Revised VCP Forms
The Internal Revenue Service (IRS) released new versions of Form 14568, Model VCP Compliance Statement, and Forms 14568-B through 14568-I, Model VCP Schedules. Plan sponsors of tax favored retirement plans can use these forms to make an IRS Voluntary Correction Program (VCP) submission.Read more >
Small Talk

ON THIS DATE: In 1781, during the Revolutionary War, American forces began the siege on Yorktown, Virginia. In 1787, Congress voted to send the new Constitution of the United States to the state legislatures for their approval. In 1789, in the U.S., the first Federal Congress passed a resolution that asked President George Washington to recommend to the nation a day of thanksgiving. Several days later Washington issued a proclamation that named Thursday, November 26, 1789, as a “Day of Publick Thanksgivin.” In 1924, the first around-the-world flight was completed by two U.S. Army planes when they landed in Seattle, Washington. The trip took 175 days. In 1955, the World Series was televised in color for the first time. The game was between the New York Yankees and the Brooklyn Dodgers. In 1967, the first mayor of Washington, D.C., Walter Washington, took office. In 1991, in response to U.S. President George H.W. Bush’s reduction of U.S. nuclear arms, Soviet President Mikhail S. Gorbachev promised to reciprocate. In 2004, the U.S. Federal Reserve and the U.S. Secret Service introduced the first newly redesigned $50 bill.

SURVEY SAYS: My Dad’s dream was to retire back in the remote mountain town in which he grew up. He did, but was an hour away from health care when he needed it most at the end of his life. A recent survey from Welltower finds that seven out of 10 big-city dwellers want to live in their current city when they are 80-years-old and older. They cite access to high-quality health care and big-city transportation options to address mobility concerns as top reasons. This week, I’d like to know, do you think big cities are a better place to retire? And, do you plan to move when you retire? 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


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