Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 20th, 2017
PBGC Deficit Report Shows Dire Situation for Multiemployer Plans
The latest deficit increase was driven primarily by the ongoing financial decline of several large multiemployer plans that are expected to run out of money in the next decade. Read more >
Will Open MEPs Soon Have Their Day?
The executive director of the Aspen Institute Financial Security Program, reflecting on a recent summit of government and industry leaders, suggests the stars may finally be coming into line for open multiple employer plans. Read more >
Millennials Are Focused on Achieving Financial Goals
Despite sometimes being thought of as “slackers,” data shows the Millennial generation is more financially responsible than other generations give them credit for. Read more >
Retirement Industry People Moves
Industry veteran joins Meeder as SVP; PGIM appoints chief marketing officer to drive global expansion; FS Investments hires national sales manager to oversee sales professionals; and more. Read more >
Supreme Court Rules Against Northwestern University in Fee Case
Class Certified in 401(k) Plan Trustees’ Lawsuit Against John Hancock
What the Supreme Court’s Northwestern Ruling Means in Practice
Another Stressed Union Pension to Get PBGC Support
Advisers Can Address Participant Savings Gaps With New Retirement Readiness Calculator
More Robust Use of Auto-Features
DCIIA says existing tools can be leveraged further. Read more >
2017 PLANSONSOR Target-Date Fund Buyer's Guide
Our guide to the size, scope and design of target-date options Read more >
Market Mirror
Friday, the Dow lost 100.12 points (0.43%) to finish at 23,358.24, the NASDAQ decreased 10.50 points (0.15%) to 6,782.79, and the S&P 500 was down 6.79 points (0.26%) at 2,578.85. The Russell 2000 was up 5.94 points (0.40%) at 1,492.82, and the Wilshire 5000 closed 60.50 points (0.23%) lower at 26,790.38.
The yield for the 10-year Treasury note was 2.344%. The yield for the 30-year Treasury bond was 2.779%. WEEK’S WORTH: For the week ending November 17, the Dow decreased 0.27%, the NASDAQ increased 0.47%, and the S&P 500 was down 0.13%. The Russell 2000 gained 1.19%, and the Wilshire 5000 was up 0.06%.
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