Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 8th, 2017
Benefits & Administration
ACA Executive Order Does Not Stop Plan Sponsor Actions
Despite an order by Trump to minimize the burden of the Affordable Care Act, industry experts say nothing will happen soon, and even after any repeals, plan sponsors may keep doing what they are doing.Read more >
Products, Deals and People
Gusto Provides College Savings Benefits to Small Employers
Gusto, an all-in-one HR platform provider, announced they will begin offering their small business customers a wide array of benefits typically only available to employees of big companies; the first of which is the availability of 529 college savings plans through a partnership with Gradvisor.Read more >
New Financial Audit Rule Increases Requirements for Plan Sponsors
2021 Recordkeeping Survey
Data and Research
Participants Missing the Full Match Remains a Big Problem
Appo Group Solution Streamlines Participant Communication
Appo Group, a communications technology provider focusing on the retirement services industry, is rolling out a new solution designed to integrate the creation and management of multimedia communications including print, email and Web into a single platform.Read more >
Market Mirror

Tuesday, the Dow closed 37.87 points (0.19%) higher at 20,090.29, the NASDAQ increased 10.67 points (0.19%) to 5,674.22, and the S&P 500 was virtually unchanged at 2,293.08. The Russell 2000 was down 5.61 points (0.41%) at 1,361.06, and the Wilshire 5000 decreased 17.02 points (0.07%) to 23,972.47.

On the NYSE, 3.1 billion shares traded, with a slight lead for declining issues. On the NASDAQ, 3.0 billion shares changed hands, with 1.4 decliners for every advancer.

The price of the 10-year Treasury note was up 5/32, decreasing its yield to 2.393%. The price of the 10-year Treasury bond increased 17/32, bringing its yield down to 3.022%.

TIAA Faces Suit Over 403(b) Plan Participant Loans
Participants’ loans were paid from TIAA’s general account and the firm kept some of the interest participants paid, which the suit says “is the epitome of self-dealing.”Read more >
Ask the Experts
3401(a) Definition of Compensation
“Our recordkeeper-provided documents for our 403(b) plan states that we should be using a ‘3401(a)’ definition of compensation. What in the world is 3401(a) compensation? I know what W-2 wages are obviously, but how is this definition different?”Read more >
Small Talk
Forty-one percent of Americans consider financial stability to be among the traits they find most important in a spouse/partner, ranking only behind personal values (78%) and personality (73%), according to a survey by SunTrust Banks.Read more >

ON THIS DATE: In 1693, a charter was granted for the College of William and Mary in Williamsburg, Virginia. In 1861, the Confederate States of America was formed. In 1896, the Western Conference was formed by representatives of Midwestern universities. The group changed its name to the Big 10 Conference. In 1910, William D. Boyce incorporated the Boy Scouts of America. In 1918, during World War I, “The Stars and Stripes” was published under orders from General John J. Pershing for the United States Army forces in France. It was published from February 8, 1918, to June 13, 1919. In 1936, the first National Football League draft was held. Jay Berwanger was the first to be selected. He went to the Philadelphia Eagles. In 1952, Queen Elizabeth II ascended to the British throne. Her father, George VI, had died on February 6. In 1963, the U.S. President John Kennedy administration prohibited travel to Cuba and made financial and commercial transactions with Cuba illegal for U.S. citizens. In 1963, Lamar Hunt, owner of the American Football League franchise in Dallas, Texas, moved the operation to Kansas City. The new team was named the Chiefs. In 1971, the NASDAQ stock-market index debuted. In 1985, “The Dukes of Hazzard” ended its 6-1/2 year run on CBS television.

 “It is one of the blessings of old friends that you can afford to be stupid with them.”—Ralph Waldo Emerson, American philosopher, essayist and poet

Share the news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer


Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund