Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 12th, 2019
Benefits & Administration
Measuring the Success of Financial Wellness Programs
Incorporating sound measures of the effectiveness of financial wellness programs will allow plan sponsors to adjust them to address the varying needs of their workforce.Read more >
Lower Interest Rates Continue to Plague DB Plan Funded Status
“Plan sponsors should review their risk management toolkit to consider whether their investment policy is aligned with the current market environment and to explore potential risk transfer activity,” suggests Scott Jarboe, with Mercer.Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
The Odds Are Split for Senate SECURE Act Passage This Year
3
The Tech Behind DC Plan Administration Solutions
4
Congressional Leaders Want SECURE Act Passage in 2019
5
Employees Are Making Each Other Sick
Products, Deals and People
Retirement Industry People Moves
BPAS and F&M Trust link regional retirement plan businesses; Grant Thornton adds Advisory Services principal; Nuveen updates portfolio management group for two funds; and more.Read more >
Sponsored message from Capital Group
Your employees go above and beyond.
Learn how you can give them the 401(k) they deserve with a target date retirement series.Read more >
Economic Events

The Producer Price Index for final demand advanced 0.2% in July, as prices for final demand goods increased 0.4%, and the index for final demand services fell 0.1, according to the Bureau of Labor Statistics. The final demand index rose 1.7% for the 12 months ended in July.

 

THE ECONOMIC WEEK AHEAD: Tomorrow, the Bureau of Labor Statistics will reveal the consumer price index for July. Thursday, the Labor Department will issue its initial claims report and the Census Bureau will report about retail sales for July and business trade for June. Friday, the Census Bureau will report about housing starts for July.
Market Mirror

Friday, the Dow lost 90.75 points (0.34%) to finish at 26,287.44, the NASDAQ closed 80.02 points (1.00%) lower at 7,959.14, and the S&P 500 was down 19.44 points (0.66%) at 2,918.65. The Russell 2000 decreased 19.09 points (1.25%) to 1,513.04, and the Wilshire 5000 fell 231.95 points (0.77%) to 29,945.62.

 

The price of the 10-year Treasury note decreased 24/32, bringing its yield up to 1.739%. The price of the 30-year Treasury bond fell 26/32, increasing its yield to 2.255%.

 

WEEK’S WORTH: For the week ending August 9, the Dow lost 0.75%, the NASDAQ decreased 0.56%, and the S&P 500 was down 0.46%. The Russell 2000 fell 1.34%, and the Wilshire 5000 finished 0.58% lower.
Compliance
DOL Issues Fact Sheet on Retirement Benefits for Vets Returning to Work
The Uniform Services Employment and Reemployment Rights Act (USERRA) requires that returning service members, on reemployment, be treated as though they did not have a break in civilian employment for the purpose of participation, vesting and accrual of pension benefits.Read more >
Investing
Explaining the ‘New Normal’ for Interest Rates
“The new normal for interest rates simply means that retirement investors have to take more risk,” says Steve Foresti, CIO at Wilshire Consulting.Read more >
Small Talk
ON THIS DATE: In 1851, Isaac Singer was issued a patent on the double-headed sewing machine. In 1867, President Andrew Johnson sparked a move to impeach him when he defied Congress by suspending Secretary of War Edwin M. Stanton. In 1877, Thomas Edison invented the phonograph and made the first sound recording. In 1898, the Spanish-American War was ended with the signing of the peace protocol. The U.S. acquired Guam, Puerto Rico and the Philippines. Hawaii was also annexed. In 1918, regular airmail service began between Washington, D.C., and New York City. In 1960, the balloon satellite Echo One was launched by the U.S. from Cape Canaveral, Florida. It was the first communications satellite. In 1973, Jack Nicklaus won his 14th major golf title. The win broke the record that had been held by Bobby Jones for 50 years. In 1981, IBM unveiled its first PC. In 1992, the U.S., Canada, and Mexico announced that the North American Free Trade Agreement had been created after 14 months of negotiations. In 1998, Swiss banks agreed to pay $1.25 billion as restitution to World War II Holocaust victims.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Which type of work space do you prefer for optimal productivity? Nearly two-thirds (65.5%) of responding readers said they prefer a private office with the door closed, while one-quarter prefer an open work space in which employees have their own desks but may be in cubicles or in rooms together. The rest prefer to work from home for optimal productivity. Having worked in all three types of work spaces, I feel cubicles and a room full of desks are both definitely “open” work spaces. However, many responding readers who chose to leave a comment didn’t agree. In addition, many noted that my qualifier “with the door closed” was limiting. I agree I should have said “with a door that can close.” Of course noise was the most commonly cited problem with open work spaces, and I agree with all the respondents that said these types of work spaces are not conducive to work calls; one reader had a funny story about that. Editor’s Choice goes to the reader who said: “It is very distracting hearing ‘neighbors’ discussing personal things when I am trying to work. Kind of like bathrooms, prefer one with a closed door and not stalls to get the job done!!” Thank you to all who participated in the survey!Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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