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March 15, 2017
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Employer-Sponsored Retirement Plans Generating Less Income
Roth Often Delivers Greater Ending Wealth
ERISA Stock Drop Challenge Targets Allergan
Appellate Court Rejects District Court Ruling in Tussey Case
Providers, Plan Sponsors Focusing on Retirement Income
Benefits & Administration
Employer-Sponsored Retirement Plans Generating Less Income :
Researchers from the Center for Retirement Research at Boston College note the shift from a defined benefit (DB) employer-sponsored retirement plan landscape to a defined contribution (DC) plan landscape and question whether this shift has made households better or worse off. They found the shift from DB plans to DC plans has resulted in a decline in income replacement rates. Read more »
Roth Often Delivers Greater Ending Wealth :
An informative new report from NerdWallet argues that for most savers at largely all income levels, utilizing a Roth individual retirement account (IRA) can generate significantly more retirement wealth compared with a traditional individual retirement account (IRA). Read more »
MOST READ ARTICLES
1
A Look at Proposals to Shore Up Social Security
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ERISA Suit Challenging Voya Stable Value Funds Rejected
3
Retirement Industry People Moves July 10 to July 14
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2017 Recordkeeping Survey
Ask the Experts
“I recently started working with a religious entity that sponsors a 457(b) plan. I thought that churches couldn’t sponsor 457(b) plans? Am I incorrect?” Read more »
Products, Deals and People
Independent investment and advisory firm Arnerich Massena released the second in a series of white papers covering retirement plan best practices for plan sponsors. The latest edition focuses on plan design. The firm states the paper “examines the factors that you should consider as a fiduciary when making decisions about plan design, looks at how other plans handle different options, and identifies some best practices.” Read more »
PlanSource has launched Andromeda, its spring product release, which it says is one of the first online technologies to feature mobile-friendly benefits enrollment. The Andromeda release contains multiple other enhancements. Read more »
Goldman Sachs Asset Management (GSAM) has issued a Q&A document about the effects on defined benefit plans of the U.S. corporate tax reforms, written by Mike Moran, Chief Pensions Strategist at GSAM. Read more »
Economic Events
The Producer Price Index for final demand increased 0.3% in February, according to the Bureau of Labor Statistics. Final demand prices rose 0.6% in January and 0.2% in December. In February, the final demand services index increased 0.4% and prices for final demand goods moved up 0.3%.
Market Mirror

Tuesday, the Dow lost 44.11 points (0.21%) to finish at 20,837.37, the NASDAQ closed 18.97 points (0.32%) lower at 5,856.82, and the S&P 500 decreased 8.02 points (0.34%) to 2,365.45. The Russell 2000 was down 7.91 points (0.58%) at 1,362.37, and the Wilshire 5000 fell 85.42 points (0.35%) to 24,564.78.

On the NYSE, 3.1 billion shares traded, with declining issues outnumbering advancing issues nearly 2 to 1. On the NASDAQ, 2.9 billion shares changed hands, with a more than 2 to 1 lead for decliners.

The price of the 10-year Treasury note was up 7/32, decreasing its yield to 2.600%. The price of the 30-year Treasury bond increased 20/32, bringing its yield down to 3.176%.

Compliance
The Financial Accounting Standards Board (FASB) has issued an update to its accounting standards codification, titled “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” Read more »
ERISA Stock Drop Challenge Targets Allergan :
Plaintiffs have filed a class action challenge against the Allergan, Inc. Savings and Investment Plan and the Actavis, Inc. 401(k) Plan. The complaint suggests defendants “permitted the plans to continue to offer Allergan Stock as an investment option to participants even after the defendants knew or should have known that Allergan Stock was artificially inflated during the class period.” Read more »
Appellate Court Rejects District Court Ruling in Tussey Case :
In the long-running case of Tussey v. ABB, the 8th U.S. Circuit Court of Appeals has found that a district court mistook the appellate court’s direction for a definitive ruling on how to measure plan losses, and as a result entered judgment in favor of the ABB fiduciaries despite finding they did breach their duties. Read more »
Investing
Providers, Plan Sponsors Focusing on Retirement Income :
The evolution of qualified default investment alternative (QDIA) structures, and the expanding flexibility for retirement income solutions are two key trends in the defined contribution (DC) space for 2017, according to the latest findings by global research and consulting firm Cerulli Associates. Cerulli observes that product development in the DC space may widen the door for retirement income products. Read more »
Small Talk
One in four workers (26%) feel they do not get enough sleep each night, and 60% of all workers say that a lack of sleep has negatively impacted their work, according to a CareerBuilder survey. Some workers can’t escape work even in their sleep and report some of their craziest work-related dreams. Read more »

ON THIS DATE: In 44 BC, Roman Emperor Julius Caesar was assassinated by high ranking Roman Senators. The day is known as the "Ides of March." In 1493, Christopher Columbus returned to Spain after his first New World voyage. In 1781, during the American Revolution, the Battle of Guilford Courthouse took place in North Carolina. British General Cornwallis' 1,900 soldiers defeated an American force of 4,400. In 1820, Maine was admitted as the 23rd state of the Union. In 1892, New York State unveiled the new automatic ballot voting machine. In 1892, Jesse W. Reno patented the Reno Inclined Elevator. It was the first escalator. In 1919, the American Legion was founded in Paris. In 1937, in Chicago, the first blood bank to preserve blood for transfusion by refrigeration was established at the Cook County Hospital. In 1960, ten nations met in Geneva to discuss disarmament. In 1989, the U.S. Department of Veteran's Affairs became the 14th Department in the President's Cabinet.

WEDNESDAY WISDOM: “Lost time is never found again.”—Benjamin Franklin  

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EDITORIAL

Alison Cooke Mintzer | Editor-in-Chief | alison.mintzer@strategic-i.com

Rebecca Moore | NewsDash Editor | rebecca.moore@strategic-i.com

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