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August 3, 2017
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Record Balances May Skew DC Accounts Towards Equity
Employers Plan to Step Up Health Benefit Cost Management
Plan Design, Education Can Help Limit Participant Loans
Sound Education Needed to Increase Retirement Savings Contributions
Fiduciary Rule May Force Plan Advisers Away From Portfolio Management
Company Stock, Stable Value Funds Lose Participant Assets in May and June
Benefits & Administration
Record Balances May Skew DC Accounts Towards Equity:
Fidelity found 40% of retirement plan participants who managed their own 401(k) asset allocation had a stock allocation in their 401(k) that was higher than recommended, up from 38% in Q2 2016. Read more »
Employers Plan to Step Up Health Benefit Cost Management:
Employers are pursuing a wider array of approaches to reduce health care cost and risk—both through improved program efficiencies and members’ health engagement, Willis Towers Watson finds. Read more »
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2017 Recordkeeping Survey
Plan Design, Education Can Help Limit Participant Loans:
Educating retirement plan participants about the consequences of taking loans from their account balance, as well as a few plan design changes, can limit the amount of loans taken, IFEBP says. Read more »
Sound Education Needed to Increase Retirement Savings Contributions:
In order to secure a comfortable retirement, Americans now must save between 11% and 18% of their annual income, according to study by the International Longevity Centre-UK (ILC), supported by Prudential. Sound education, as well as plan design, can drive this behavior, the ILC says. Read more »
Market Mirror

Wednesday, the Dow closed 52.32 points (0.24%) higher at 22,016.24, the NASDAQ was virtually unchanged at 6,362.65, and the S&P 500 increased by 1.22 (0.05%) to 2,477.57. The Russell 2000 lost 15.42 points (1.08%) to finish at 1,412.90, and the Wilshire 5000 decreased 23.65 points (0.09%) to 25,731.93.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.265%. The price of the 30-year Treasury bond was up 5/32, decreasing its yield to 2.852%.
Investing
Fiduciary Rule May Force Plan Advisers Away From Portfolio Management:
“The DOL conflict of interest rule poses risk to a firm if [practice leaders] knowingly allow advisers to manage underperforming portfolios for clients when a better-performing portfolio with a similar risk level is available from the home office,” Cerulli's Tom O’Shea warns. Read more »
Company Stock, Stable Value Funds Lose Participant Assets in May and June:
On average, 0.013% of participant 401(k) balances traded each day in May and June, the lightest trading months of the year, according to the Alight Solutions 401(k) Index, formerly the Aon Hewitt 401(k) Index. However, when participants did trade, they favored equities. Read more »
Small Talk
ON THIS DATE: In 1492, Christopher Columbus left Palos, Spain with three ships. The voyage led him to what is now known as the Americas. In 1900, Firestone Tire & Rubber Co. was founded. In 1923, Calvin Coolidge was sworn in as the 30th president of the U.S. after the sudden death of President Warren Harding. In 1936, Jesse Owens won the first of his four Olympic gold medals. In 1949, the National Basketball Association (NBA) was formed. The league was formed by the merger between the Basketball Association of America and the National Basketball League. In 1958, the Nautilus became the first vessel to cross the North Pole underwater. The mission was known as "Operation Sunshine." In 1981, U.S. traffic controllers with PATCO, the Professional Air Traffic Controllers Organization, went on strike. They were fired just as U.S. President Ronald Reagan had warned. In 1984, Mary Lou Retton won a gold medal at the Los Angeles Summer Olympics. In 1990, thousands of Iraqi troops pushed within a few miles of the border of Saudi Arabia. This heightened world concerns that the invasion of Kuwait could spread. In 1992, the Senate voted to restrict and eventually end the testing of nuclear weapons. In 1995, Eyad Ismoil was flown from Jordan to the U.S. to face charges that he had driven the van that blew up in New York's World Trade Center. In 2004, in New York, the Statue of Liberty re-opened to the public. The site had been closed since the terrorist attacks on the U.S. on September 11, 2001.
SURVEY SAYS: We covered a survey that found 71% of U.S. workers say they would not apply to a company experiencing negative press; however, only 6% of workers have left a company due to negative press. This week, I’d like to know, would you leave your company if it was experiencing negative press, and how important is your firm’s reputation to your job satisfaction? You may respond to this week’s survey by 6 p.m. Pacific time today. 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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