Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 8th, 2019

Millennial Misconceptions: Younger Workers Prioritize Retirement

Millennials often make different life choices than previous generations. One of those choices is saving for retirement earlier—on average, at age 24—than previous generations. A typical Gen Xer began saving at age 30, and Baby Boomers didn’t start setting aside retirement funds until age 35 or so. Read more >
Bill Would Require Employers to Contribute to Workers’ Savings
The Saving for the Future Act would require employers to contribute 50 cents to a savings account for each worker for every hour worked, or more than $1,000 a year. Read more >
Education Key to Helping Different Cultural Groups Manage Retirement Expectations
Approximately half of the participants surveyed by MassMutual had calculated how much savings they need to retire, with about one-third actually creating a formal plan. However, there were outliers. Read more >
Retirement Industry People Moves
BlackRock Confirms Leadership Shift in Retirement Business; Regional Vice President Joins Transamerica; CAPTRUST Adds FiduciaryVest Members to Advisory Practice; and more. Read more >
Why Small Business Owners Often Resist 401(k)s
'Massive' Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya
NFP Named as Defendant in Parallel Molina Healthcare ERISA Suit
Is the Traditional Fiduciary Insurance Model at Risk?
Barnabas Health Latest to Settle ERISA Suit
‘Reg BI’ and Dual Registrants
Advisory and 12b-1 fees may not be combined Read more >
Lost Participants
It is sponsors’ duty to locate their terminated ‘missing persons’ Read more >
Market Mirror
Friday, the Dow was up 40.36 points (0.15%) at 26,424.99, the NASDAQ gained 46.91 points (0.59%) to finish at 7,938.69, and the S&P 500 increased 13.35 points (0.46%) to 2,892.74. The Russell 2000 climbed 15.06 points (0.96%) to 1,582.56, and the Wilshire 5000 closed 159.85 points (0.54%) higher at 29,887.07.   The price of the 10-year Treasury note was up 6/32, decreasing its yield to 2.494%. The price of the 30-year Treasury bond increased 12/32, bringing its yield down to 2.906%.   WEEK’S WORTH: For the week ending April 5, the Dow was up 1.91%, the NASDAQ gained 2.71%, and the S&P 500 increased 2.06%. The Russell 2000 climbed 2.78%, and the Wilshire 5000 finished 2.12% higher.
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