Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 25th, 2016
Benefits & Administration
Employers Predict Big Changes to Health Plans
Nearly four in five employers (78%) predict moderate to significant changes in their health plan designs and vendor strategies over the next four years, according to Willis Towers Watson’s 2016 Emerging Trends in Health Care Survey. These changes are intended to manage health care costs and improve plans’ value.Read more >
Advisers, Internet Top Sources of 401(k) Investment Advice
Although 78% of investors who are currently enrolled in a 401(k) say they have access to a financial call center through their plan, only 15% say they rely on it for allocation advice.Read more >
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Products, Deals and People
A Guide to Delegated Investment Management
Delegated investment management can materially benefit pension plans looking to add to their investment decision-making capabilities, Willis Towers Watson says.Read more >
Retirement Industry People Moves
Mitchem leaves State Street for Wells Fargo; Russell Adds to DC Team; Manning & Napier CEO Retires.Read more >
Economic Events
THE ECONOMIC WEEK AHEAD: Today, the Census Bureau will report about new home sales for March, and tomorrow it will report about durable goods orders for March, while the Conference Board will release its Consumer Confidence Index for April. Thursday, the Labor Department will issue its initial claims report.
Market Mirror

Friday, the Dow was down 21.23 points (0.12%) at 18,003.75, the NASDAQ fell 39.66 points (0.80%) to 4,906.23, and the S&P 500 was virtually unchanged at 2,091.68. The Russell 2000 climbed 10.92 points (0.96%) to 1,146.69, and the Wilshire 5000 increased 34.42 points (0.16%) to 21,622.05.

On the NYSE, 3.1 billion shares traded, with advancing issues outnumbering declining issues more than 2 to 1. On the NASDAQ, 2.7 billion shares changed hands, with a near 2 to1 lead for advancers.

The price of the 10-year Treasury note was down 7/32, increasing its yield to 1.890%. The price of the 30-year Treasury bond decreased 12/32, bringing its yield up to 2.708%.

WEEK’S WORTH: For the week ending April 22, the Dow increased 0.59%, the NASDAQ finished 0.65% lower, and the S&P 500 was up 0.53%. The Russell 2000 climbed 1.39%, and the Wilshire 5000 gained 0.74%.
Compliance
DOL Sues Firm Over Prohibited Retirement Plan Loans
The suit seeks a court order requiring The Leiter Group Attorneys and Counselors Professional Corp. and the firm’s president to restore all losses to the plan’s participants.Read more >
DOL Obtains Government Contract Retirement Plan Contributions
James Brunk and Brunk Industries Inc. will restore $95,000 to the company’s 401(k) plan.Read more >
Small Talk
ON THIS DATE: In 1684, a patent was granted for the thimble. In 1846, the Mexican-American War ignited as a result of disputes over claims to Texas boundaries. In 1898, the U.S. declared war on Spain. Spain had declared war on the U.S. the day before. In 1901, New York became the first state to require license plates for cars. The fee was $1. In 1945, delegates from about 50 countries met in San Francisco to organize the United Nations. In 1954, the prototype manufacture of the first solar battery was announced by the Bell Laboratories in New York City. In 1983, Soviet leader Yuri V. Andropov invited Samantha Smith to visit his country after receiving a letter in which the U.S. schoolgirl expressed fears about nuclear war. In 1983, the Pioneer 10 spacecraft crossed Pluto’s orbit, speeding on its endless voyage through the Milky Way. In 1990, the U.S. Hubble Space Telescope was placed into Earth’s orbit. It was released by the space shuttle Discovery.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “How many hours a week do you usually work, and do you feel you are more or less productive because of it?” The majority of responding readers work more than a 40-hour work week, with 46.6% indicating they work 41 to 50 hours per week, 17.8% work 51 to 60 hours and 2.7% work more than 60 hours. Slightly more than one-quarter (26%) reported they usually work 40 hours, and 6.8% work less than 40 hours per week. Among those who work 40 hours or less per week, 42.5% said they feel they are more productive because they do so. Among those who work 41 hours or more, one-third (33.3%) feel they are less productive than if they worked less hours. In comments left by readers, several rejected the idea that more hours equals less productivity, but others said it was a natural conclusion, that you are more tired and lose focus. Quite a few expressed some regret about working extended hours in the past, with one reader saying, “Let me put it in real life ‘been there, done that,’ perspective; never wish you would have given your kid what you gave the office. They will both move along, quite quickly, without you.” Editor’s Choice goes to the reader who said: “Jobs should be designed so that the norm is for 40 hours per week and that all work gets done in that time. Of course there are peak times or deadlines when extra hours might be necessary. When an employee or group consistently has to work 50-plus hours, then management needs to step back and address the situation since there is either inadequate resources/staffing or vast inefficiencies in the processes.” Thank you to everyone who participated in the survey!Read more >
Share the good 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 alison.mintzer@strategic-i.com

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