Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 2nd, 2016
Benefits & Administration
Small employers have been slashing health care benefits for workers, according to new research published by the Employee Benefit Research Institute (EBRI). While findings indicate benefit offering levels at small employers have been dropping since 2009, the study also found large employers are holding steady when it comes to offering employees health benefits.Read more >
Aon Hewitt and American Benefits Institute discovered that only 20% of multinational firms surveyed are leading the way as “best practice” organizations. The research revealed differences in “best practice’ firms and other companies.Read more >
Less Than Half of Private-Industry Workers Participate in Retirement Plans
The participation rate for employer-sponsored retirement benefits, which include defined benefit and defined contribution plans, was 54% for civilian workers, 49% for private-industry workers and 81% for state and local government workers, according to data from the Bureau of Labor Statistics. Two-thirds (66%) of private-industry workers have access to a retirement plan.Read more >
MOST READ ARTICLES
1
2021 Recordkeeping Survey
2
2021 Plan Sponsor of the Year
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TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
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Most DB Plan Sponsors Seeking an Exit
5
DOL Proposes New Rule on ESG Investing in Retirement Plans
Industry Voices
Barry’s Pickings Online: A Chief Fee Officer?
Michael Barry, president of Plan Advisory Services Group, discusses how a Chief Fee Officer may help DC plans prevent or win litigation.Read more >
Economic Events
The U.S. Census Bureau of the Department of Commerce announced that construction spending during June was estimated at a seasonally adjusted annual rate of $1,133.5 billion, 0.6% below the revised May estimate of $1,140.9 billion. The June figure is 0.3% above the June 2015 estimate of $1,130.5 billion.
Sponsored message from Vanguard
Rising interest rates: Weighing risk for TDF retirees
Matthew C. Brancato, CFA, CPA; Scott J. Donaldson CFA, CFP(r), David C. Pakula
This paper discusses higher interest rate environment and target-date funds. A hike in interest rates can be a positive development for retirees.Read more >
Market Mirror

Yesterday, the Dow decreased 27.73 points (0.15%) to 18,404.51, the NASDAQ closed 22.06 points (0.43%) higher at 5,184.20, and the S&P 500 was down 2.76 points (0.13%) at 2,170.84. The Russell 2000 was virtually unchanged at 1,219.12, and the Wilshire 5000 closed 46.18 points (0.21%) higher at 22,501.74.

On the NYSE, 3.1 billion shares traded, with 3 declining issues for every 2 advancing issue. On the NASDAQ, 2.7 billion shares changed hands, with a slight lead for advancers.

The price of the 10-year Treasury note decreased 16/32, bringing its yield up to 1.506%. The price of the 30-year Treasury bond fell 1 16/32, increasing its yield to 2.248%.
Compliance
IRS Emphasizes Amendments Required Before Plan Termination
The Internal Revenue Service (IRS) has published a short, informal guidance document to help plan sponsors and fiduciaries understand key requirements that must be addressed before a retirement plan can be fully terminated under the law.Read more >
Form 5500 Reporting on Missing Participants Clarified by IRS
Based on comments received in response to a Paperwork Reduction Act notice regarding the 2016 Form 5500 and Form 5500-SF, the IRS announced that retirement plan sponsors who have made a concerted effort to locate missing participants will face less of a reporting burden associated with the missing individuals.Read more >
From the Magazine
Fear Factor: Standing Up to the Possibility of Employee Pushback
Plan sponsors often feel nervous about making changes that could create short-term issues. But a number of these improvements clearly benefit participants in the long term. “Some of the reluctance is, ‘This is the way we have always done it,’” says Robyn Credico, defined contribution (DC) consulting leader, North America, at Willis Towers Watson in Arlington, Virginia. “But you need to think outside of the box.”Read more >
Small Talk
ON THIS DATE: In 1776, members of the Continental Congress began adding their signatures to the Declaration of Independence. In 1824, in New York City, Fifth Avenue was opened. In 1858, the first mailboxes were installed along streets in Boston and New York City. In 1861, the United States Congress passed the first income tax. The revenues were intended for the war effort against the South. The tax was never enacted. In 1887, Rowell Hodge patented barbed wire. In 1892, Charles A. Wheeler patented the first escalator. In 1939, Albert Einstein signed a letter to President Franklin Roosevelt urging the U.S. to have an atomic weapons research program. In 1939, U.S. President Franklin Roosevelt signed the Hatch Act. The act prohibited civil service employees from taking an active part in political campaigns. In 1943, the U.S. Navy patrol torpedo boat, PT-109, under the command of Lt. John F. Kennedy, sank after being attacked by a Japanese destroyer. In 1945, the Allied conference at Potsdam was concluded. In 1964, the Pentagon reported the first of two North Vietnamese attacks on U.S. destroyers in the Gulf of Tonkin. In 1983, the U.S. House of Representatives approved a law that designated the third Monday of January would be a federal holiday in honor of Dr. Martin Luther King, Jr. The law was signed by President Reagan on November 2.
TRIVIAL PURSUITS: What was President Harry S. Truman’s middle name?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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