Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 8th, 2016
Benefits & Administration
Seventy percent of non-retired Americans plan to work as long as possible during retirement, according to a new Bankrate.com survey. Of those who plan to work as long as possible during retirement, 38% are planning to work because they like to work, and 35% said they plan to work because they need the money. Twenty-seven percent indicated they plan to work past retirement age for both reasons.Read more >
Analyses by Mercer, Wilshire and LGIMA varied on whether defined benefit (DB) plan funded status increased, decreased or remained the same in August.Read more >
Retirement Date Uncertainty Puts Lifetime Income at Risk
Research found individuals would forego up to 5.7% of total lifetime consumption to fully insure the risk of retirement date uncertainty.Read more >
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SECURE Act 2.0 Passed Unanimously by Ways and Means Committee
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Health Care Costs in Retirement Remain a Top Stressor
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Building Inclusivity Into Employee Benefits
DC Plan Sponsors Greatly Value Retirement Income
In the past four years, plan sponsors have definitely gotten the message on the importance of showing retirement account balances as income, rather than just as savings, as 85% say the core purpose of a defined contribution (DC) plan is to provide income, up from 9% in 2012, according to the MetLife 2016 Lifetime Income Poll. However, the majority would like safe harbor guidance from the DOL before offering annuities in plans.Read more >
Helping Employees Choose the Best Health Care Benefit
As open enrollment season approaches, companies can take key steps to help employees choose the best health care plans while reducing expenses and boosting productivity in light of rising health care costs.Read more >
Sponsored message from J.P. Morgan
Half of participants admit they don’t have a plan regarding retirement
Our Plan Participant Survey Findings take a closer look at DC plan participants’ attitudes and behaviors when it comes to saving and investing for retirement.Read more >
Market Mirror

Wednesday, the Dow was down 11.98 points (0.06%) at 18,526.14, the NASDAQ increased 8.02 points (0.15%) to 5,283.93, and the S&P 500 was virtually unchanged at 2,186.15. The Russell 2000 was up 7.63 points (0.61%) at 1,261.00, and the Wilshire 5000 closed 54.28 points (0.24%) higher at 22,778.25.

On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, nearly 3 billion shares traded, with 1.6 advancing issues for every declining issue on both exchanges.

The price of the 10-year Treasury note was unchanged, with its yield up to 1.537%. The price of the 30-year Treasury bond decreased 8/32, increasing its yield to 2.235%.
Compliance
NAGDCA Discusses Fiduciary Responsibilities for Government DC Plans
A brochure includes a checklist for government DC plan sponsors.Read more >
From the Magazine
Strategic Insight’s quarterly target-date fund (TDF) analysis discusses how fixed-income returns and ‘Brexit’ affected TDFs.Read more >
Investing
OCIO Demand Persistent Among DB Sponsors
Many defined benefit plan sponsors are seeking the support of an outsourced chief investment officer to help with time-sensitive asset-allocation decisions, according to Cerulli Associates research.Read more >
Small Talk
ON THIS DATE: In 1565, a Spanish expedition established the first permanent European settlement in North America at present-day St. Augustine, Florida. In 1664, the Dutch surrendered New Amsterdam to the British, who then renamed it New York. In 1945, Bess Myerson of New York was crowned Miss America. She was the first Jewish contestant to win the title. In 1951, a peace treaty with Japan was signed by 48 other nations in San Francisco. In 1952, the Ernest Hemingway novel “The Old Man and the Sea” was published. In 1966, NBC-TV aired the first episode of “Star Trek” entitled “The Man Trap.” In 1971, in Washington, D.C., the John F. Kennedy Center for the Performing Arts was inaugurated. In 1974, U.S. President Ford granted an unconditional pardon to former U.S. President Nixon.
SURVEY SAYS:  I’m reviving a SURVEY SAYS we asked back in 2011 that was actually requested by a reader sending a child off to college for the first time. What did you, or your child, forget to bring to college that you, or your child, most regretted leaving behind? 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 alison.mintzer@strategic-i.com

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