Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 11th, 2018
District Court Ruling in Multiemployer Pension Withdrawal Case Okays Use of Segal Blend
Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except for one,” the Southern District of New York Court’s decision in The New York Times Company v. Newspaper and Mail Deliverers’-Publishers’ Pension Fund, which is being appealed. Read more >
Pension Buyout Market Strains Should Lead DB Plan Sponsors to “Hibernate” Plans
Mercer suggests pension sponsors should now focus on the shakeout that lies ahead, with the potential bifurcation between liabilities sold to insurers and the hard stuff kept on pension balance sheets, by using hibernation investing. Read more >
A Mere 6% of Retirees Continue Working
While more than half of pre-retirees expect to continue working in retirement, a mere 6% of retirees actually hold down a job, PGIM Investments, the investment business of Prudential Financial, found in a survey.  Read more >
Trendspotting: Design Matters
Seventy-seven percent of Americans are confident that their 401(k) or other DC plan will help them meet their retirement goals, the Investment Company Institute found in a recent survey. This positive response rose to 84% among households actually invested in a DC plan or individual retirement account; 63% of households without such an investment said they were confident these accounts could help them meet their goals. Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Barnabas Health Latest to Settle ERISA Suit
The Role of the 401(k) in Today’s Tight Labor Market
Olin Corp. Soundly Defeats ERISA Lawsuit
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Clean Shares’ Popularity
The retirement plan industry has seen a pronounced increase in the offering of clean shares. According to research firm Morningstar, “clean shares help financial service companies that wish to shift to a ‘level fee’ model in which advisers’ compensation comes only from a level charge on a client’s assets and not from any varying third-party payments.” Read more >
Design Matters
Among participants polled for a recent ICI survey, 94% said they think it is important to have control of their investments. Eighty-three percent said their plan offers a good lineup of investment options, and 83% also said saving from every paycheck makes them less worried about the performance of their investments. Read more >
Market Mirror
Tuesday, the Dow gained 143.07 points (0.58%) to finish at 24,919.66, the NASDAQ was up 3.00 points (0.04%) at 7,759.20, and the S&P 500 closed 9.67 points (0.35%) higher at 2,793.84. The Russell 2000 closed 8.99 points (0.53%) lower at 1,695.62, and the Wilshire 5000 increased 48.01 points (0.16%) to 29,159.72. The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.865%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 2.968%.
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