Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 4th, 2019

Market Volatility Not the Only Risk for Pre-Retirees and Retirees

Yet, aside from keeping themselves healthy, they need to realize that with increasing longevity, retirees are no longer considered short-term investors. Read more >
Benefits & Administration
Orphan Participants Affecting Multiemployer Plan Funding
Plans with a higher ratio of inactive to active participants also report being in critical or critical and declining zone status with a higher frequency than other plans in the system, the Pension Benefit Guaranty Corporation (PBGC) found. Read more >
Reducing Employee Panic About Health Costs in Retirement
Separating the amount of premiums and out-of-pocket expenses can help employees see more realistic expenses to plan for than a huge lump-sum number. Read more >
MOST READ ARTICLES
1
Sidecar Savings Accounts Create Current and Future Financial Security
2
Avoid Pitfalls to Properly Replacing DC Plan Investments
3
What Safe Harbors Are Available to Retirement Plan Sponsors?
4
Employer Health Benefit Costs to Rise 6.5% in 2020
5
(b)lines Ask the Experts – Can a 401(a) Plan Account be Rolled Into a 403(b) Plan?
Sponsored message from Ayco
The gender pay gap: Why it's still a thing in 2019 and how to close it
Read how thought leaders in corporate America are changing the game. Read more >
2019 PLANADVISER National Conference
Hear Directly From the SEC
One of the most anticipated regulations this year was the Securities and Exchange Commission’s Regulation Best Interest (Reg BI). On September 17, come hear Roberta Ufford, with the SEC’s Division of Investment Management, and Brad Bartels, with the SEC’s Division of Trading and Markets, discuss Reg BI and other timely topics, including the SEC’s new interpretation relating to the duties of advisers under the Advisers Act. The two will also discuss how the new rules and guidance may affect rollovers and rollover-related advice. Read more >
Economic Events

Construction spending during July was estimated at a seasonally adjusted annual rate of $1,288.8 billion, 0.1% above the revised June estimate of $1,288.1 billion, the Census Bureau reported. The July figure is 2.7% below the July 2018 estimate of $1,324.8 billion. During the first seven months of this year, construction spending amounted to $733.8 billion, 2.1% below the $749.9 billion for the same period in 2018.

Market Mirror

Tuesday, the Dow fell 285.26 points (1.08%) to 26,118.02, the NASDAQ closed 88.72 points (1.11%) lower at 7,874.16, and the S&P 500 was down 20.19 points (0.69%) at 2,906.27. The Russell 2000 decreased 22.56 points (1.51%) to 1,472.28, and the Wilshire 5000 lost 233.75 points (0.78%) to close at 29,691.60.

The price of the 10-year Treasury note increased 3/32, bringing its yield down to 1.472%. The price of the 30-year Treasury bond was up 1/32, decreasing its yield to 1.962%.

Compliance
Groups Urge Supreme Court Not to Undermine Value of Plan Disclosures
They argue that retirement plan disclosures give retirement plan participants the “actual knowledge” required by ERISA, whether participants read them or not, and that an appellate court decision in the Intel case exacerbates the risk of hindsight bias in ERISA cases. Read more >
Industry Voices
Barry’s Pickings: Meaning for DC Plan Participants of Decreases in Interest Rates
Michael Barry, president of O3 Plan Advisory Services LLC, explains how, in the long run, decreases in interest rates drive up costs for DC plan participants to provide themselves retirement income. Read more >
Small Talk
For the Class of 2023, Phones Are for Taking Pictures
Born in 2001, the incoming class of college students likely to graduate in 2023 include Sasha Obama and Dwayne “The Rock” Johnson’s daughter Simone. Formerly the Beloit College Mindset List, the Marist College Mindset list for the entering college class of 2023 identifies what has always and never been true for them. Read more >

ON THIS DATE: In 1609, English navigator Henry Hudson began exploring the island of Manhattan. In 1781, Los Angeles was founded by Spanish settlers. The original name was “El Pueblo de Nuestra Senora La Reina de Los Angeles de Porciuncula,” which translates as “The Town of the Queen of Angels.” In 1882, Thomas Edison’s Pearl Street electric power station began operations in New York City. It was the first display of a practical electrical lighting system. In 1885, the Exchange Buffet opened in New York City. It was the first self-service cafeteria in the U.S. In 1886, Geronimo, and the Apache Indians he led, surrendered in Skeleton Canyon in Arizona to Gen. Nelson Miles. In 1888, George Eastman registered the name “Kodak” and patented his roll-film camera. The camera took 100 exposures per roll. In 1949, the longest pro tennis match in history was played when Pancho Gonzales and Ted Schroeder played 67 games in five sets. In 1951, the first live, coast-to-coast TV broadcast took place in the U.S. The event took place in San Francisco from the Japanese Peace Treaty Conference. It was seen all the way to New York City. In 1953, the New York Yankees became the first baseball team to win five consecutive American League championships. In 1957, the Arkansas National Guard was ordered by Governor Orval Faubus to keep nine black students from going into Little Rock’s Central High School. In 1957, Ford Motor Company began selling the Edsel. The car was so unpopular that it was taken off the market after only two years. In 1972, swimmer Mark Spitz captured his seventh Olympic gold medal in the 400-meter medley relay event at Munich, Germany. Spitz was the first Olympian to win seven gold medals. In 1998, Google was incorporated as a privately held company. In 2003, Keegan Reilly, 22, became the first paraplegic climber to reach the peak of Japan’s Mount Fuji.

WEDNESDAY WISDOM: “A man should always consider how much he has more than he wants.”—Joseph Addison, English essayist, poet, playwright and politician

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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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