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May 17, 2017
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Fear Keeps Older Americans from Experiencing Dream Retirement
Plan Health Not Just About Fees and Investments
Fidelity Expansion of Managed Account Offering Means More Access for Sponsors
Ascensus Enhances Digital Experience for Plan Sponsors, Participants
Differences in 457(b) Plans for Different Entities
Benefits & Administration
Fear Keeps Older Americans from Experiencing Dream Retirement:
Despite retirement industry suggestions that Americans should draw down less income in retirement, a paper suggests older Americans are not spending enough to live their retirement dreams. The report from United Income says special care needs to be taken to educate age cohorts about their biases to avoid investment portfolios and financial plans that are too conservative. Read more »
Products, Deals and People
Plan Health Not Just About Fees and Investments:
Two providers have introduced retirement plan health measurement tools with different approaches. One is part of a financial wellness suite of tools, and the other offers an assessment that will include plan compliance measures. Read more »
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2016 Recordkeeping Survey
Fidelity Expansion of Managed Account Offering Means More Access for Sponsors:
Fidelity announced it will allow wider third-party access to Portfolio Advisory Service at Work, a managed account offering that delivers personalized investment management for retirement plan participants. Read more »
Ascensus Enhances Digital Experience for Plan Sponsors, Participants:
Ascensus, a retirement plan and college savings services provider, has launched enhanced digital experiences for its retirement plan clients and their employees. The main focus of the updates was to centralize data, streamline interactions, and make it easier for users to find what they need. Read more »
Economic Events
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced that privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,172,000. This is 2.6% below the revised March estimate of 1,203,000, but is 0.7% above the April 2016 rate of 1,164,000. Single-family housing starts in April were at a rate of 835,000; this is 0.4% above the revised March figure of 832,000. The April rate for units in buildings with five units or more was 328,000.
Market Mirror

Tuesday, the Dow was down 2.19 points (0.01%) at 20,979.75, the NASDAQ closed 20.20 points (0.33%) higher at 6,169.87, and the S&P 500 decreased by 1.65 (0.07%) to 2,400.67. The Russell 2000 was virtually unchanged at 1,394.68, and the Wilshire 5000 decreased 16.03 points (0.06%) to 24,965.49.

The price of the 10-year Treasury note was up 6/32, decreasing its yield to 2.326%. The price of the 30-year Treasury bond increased 12/32, bringing its yield down to 2.989%.
Ask the Experts
Differences in 457(b) Plans for Different Entities:
“What are the primary differences between a 457(b) plan of a private tax-exempt organization and a governmental 457(b) plan?” Read more »
Small Talk
Each year, the Social Security Administration (SSA) reveals the top 10 names for boys and girls, which sometimes shows how America’s trends and culture have diversified. This year’s list shows some movers. Read more »

ON THIS DATE: In 1792, the New York Stock Exchange was founded at 70 Wall Street by 24 brokers. In 1875, the first Kentucky Derby was run at Louisville. In 1932, the U.S. Congress changed the name "Porto Rico" to "Puerto Rico." In 1946, U.S. President Harry Truman seized control of the nation's railroads, delaying a threatened strike by engineers and trainmen. In 1954, the U.S. Supreme Court unanimously ruled for school integration in Brown vs. Board of Education of Topeka. The ruling declared that racially segregated schools were inherently unequal. In 1973, the Senate Watergate Committee began its hearings. In 1987, an Iraqi warplane attacked the U.S. Navy frigate Stark in the Persian Gulf, killing 37 American sailors. Iraq and the United States called the attack a mistake. In 1999, Alex Trebek received a star on the Hollywood Walk of Fame. In 2006, the U.S. aircraft carrier Oriskany was sunk about 24 miles off Pensacola Beach. It was the first vessel sunk under a Navy program to dispose of old warships by turning them into diving attractions. It was the largest man-made reef at the time of the sinking.

 

WEDNESDAY WISDOM: “Be true to your work, your word, and your friend.”—John Boyle O'Reilly, Irish-born poet and novelist
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Alison Cooke Mintzer | Editor-in-Chief | alison.mintzer@strategic-i.com

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