Legislator Introduces Another Auto-IRA Bill |
As with legislation introduced previously, employers without retirement plans would be required to automatically enroll employees into an IRA at a 3% default deferral rate.Read more > |
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Sponsored message from Ayco |
Video-Are overlapping employee benefits costing you $$$? |
Three HR thought leaders discuss benefit convergence.Read more > |
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Market Mirror |
Yesterday, the Dow gained 249.78 points (0.96%) to finish at 26,135.79, the NASDAQ closed 106.82 points (1.35%) higher at 8,002.81, and the S&P 500 increased 34.97 points (1.21%) to 2,923.65. The Russell 2000 was up 15.21 points (1.02%) at 1,508.85, and the Wilshire 5000 climbed 341.11 points (1.15%) to 29,939.04. The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.607%. The price of the 30-year Treasury bond decreased 1 1/32, bringing its yield up to 2.086%. |
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Benefits & Administration |
Reports Conflict About Whether Self-Funding Health Benefits Is Increasing |
A report suggests the move to self-fund health benefits, especially among small employers, is reversing, but other data doesn’t, and sources say self-funding can still be a good choice.Read more > |
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From the Magazine |
NQDC Investment Menus |
According to Jana Steele, senior vice president and defined contribution consultant in Callan’s fund sponsor consulting group, in San Francisco, given the fact that nonqualified deferred compensation (NQDC) plans are generally not formally funded, any investment returns generated by participants’ deferred compensation are “notional.” Such returns are tracked by recordkeepers in theoretical accounts, which are used to define an aggregate liability on the employer’s balance sheet. As a result of this system, Steele says, the selection and operation of the investment menu is a key driver of complexity and liability in managing NQDC plans.Read more > |
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Sponsored message from Hooker & Holcombe |
Hooker & Holcombe 2019 Municipal Pension & OPEB Report |
Puzzled by how your pension & OPEB plans stack up against other municipal plans?Read more > |
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Small Talk |
ON THIS DATE: In 1619, “20 and odd” Angolans, kidnapped by the Portuguese, arrive in the British colony of Virginia and are then bought by English colonists, marking the beginning of two and a half centuries of slavery in North America. In 1741, Danish navigator Vitus Jonas Bering discovered Alaska. In 1833, future President Benjamin Harrison is born in North Bend, Ohio. In 1866, it was formally declared by President Andrew Johnson that the American Civil War was over. The fighting had stopped months earlier. In 1939, the National Bowling Association was founded in Detroit, Michigan. It was the first bowling association in the U.S. for African-Americans. In 1964, a $1 billion anti-poverty measure was signed by President Lyndon B. Johnson. |
TRIVIAL PURSUITS: What true whaling disaster inspired the book “Moby-Dick?”Read more > |
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 > |