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May 16, 2017
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More Americans Will Work Post-Retirement…Because They Want To
One in Three Americans Have Ceased Retirement Savings at Least Once
Employers Anticipate More Scheduling Flexibility If ACA is Repealed
Newport Group to Acquire Part of Evercore's Trust Business
Duke University 403(b) Plan Excessive Fee Suit Moves Forward
Benefits & Administration
More Americans Will Work Post-Retirement…Because They Want To:
A recent Gallup survey found that while most employees plan to continue to work past their retirement age—74% to be exact—most have a desire to work, not because of a need to earn money. The survey found a decline in employees believing they will need to work past retirement, from 9% in 2013 reporting they “will have to” work full-time, to 5% of respondents today. Similarly, those who said they “will have to” work part-time dropped as well, from 26% to 18%. Read more »
One in Three Americans Have Ceased Retirement Savings at Least Once:
One-third of Americans say they have ceased saving for retirement at least once, the Indexed Annuity Leadership Council found in an online survey of 1,000 adults. Fifty-six percent say their primary retirement savings goal is to have enough money so that they will not outlive their savings. Read more »
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2016 Recordkeeping Survey
Employers Anticipate More Scheduling Flexibility If ACA is Repealed:
Respondents to the Littler, Mendelson 2017 Annual Employer Survey identified a range of issues employees believe will represent the Trump administration’s priorities in 2017, with 89% anticipating a focus on reforming health care and employee benefits law. When asked what changes they anticipate within their organization if the Affordable Care Act’s (ACA)’s employer mandate is repealed, 20% report they will modify eligibility requirements, and 18% say they will allow more employees to work more than 30 hours per week. Read more »
Products, Deals and People
Newport Group to Acquire Part of Evercore's Trust Business:
Evercore and Newport Group have entered into an agreement by which Evercore will sell the institutional trust and independent fiduciary business of Evercore's subsidiary Evercore Trust Company to Newport Group, a provider of retirement, insurance and consulting services. Read more »
Sponsored message from First State Investments
Four tips on active vs. passive infrastructure investments. Read more »
Market Mirror

Yesterday, the Dow was up 85.33 points (0.41%) at 20,981.94, the NASDAQ increased 28.44 points (0.46%) to 6,149.67, and the S&P 500 closed 11.42 points (0.48%) higher at 2,402.32. The Russell 2000 climbed 11.15 points (0.81%) to 1,393.92, and the Wilshire 5000 gained 125.63 points (0.51%) to finish at 24,981.52.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 2.342%. The price of the 30-year Treasury bond decreased 10/32, bringing its yield up to 3.007%.
Compliance
Duke University 403(b) Plan Excessive Fee Suit Moves Forward:
Claims moving forward regard excessive fees by using four recordkeepers and excessive fees by offering too many funds in the plan. Read more »
Small Talk
ON THIS DATE: In 1866, Congress authorized the first 5-cent piece to be minted. In 1868, U.S. President Andrew Johnson was acquitted during the Senate impeachment hearing, by one vote. In 1888, the capitol of Texas was dedicated in Austin. In 1929, the first Academy Awards were held in Hollywood. In 1946, Jack Mullin showed the world the first magnetic tape recorder. In 1960, Theodore Maiman, at Hughes Research Laboratory in California, demonstrated the first working laser. In 1965, Spaghetti-O's were sold for the first time. In 1985, Michael Jordan was named Rookie of the Year in the NBA. In 1988, the U.S. Supreme Court ruled that police do not have to have a search warrant to search discarded garbage. In 2000, U.S. First Lady Hillary Rodham Clinton was nominated to run for U.S. Senator in New York. She was the first U.S. first lady to run for public office.
TRIVIAL PURSUITS: From where did the game Chinese Checkers originate? Read more »
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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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