Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 21st, 2019
Benefits & Administration
Return on Health Benefits Investment Can Be Improved With Single Access
Research found low engagement levels with health benefit programs, and one problem it identifies is employees are often required to access multiple disparate systems to learn about and access their full range of health benefits. Read more >
Products, Deals and People
ShareBuilder 401k Offering Plan Set-Up Discounts
The discounts are for businesses that set up a new 401(k) plan ahead of the October 1 government deadline for safe harbor plan designs. Read more >
MOST READ ARTICLES
1
Sidecar Savings Accounts Create Current and Future Financial Security
2
Avoid Pitfalls to Properly Replacing DC Plan Investments
3
What Safe Harbors Are Available to Retirement Plan Sponsors?
4
(b)lines Ask the Experts – Can a 401(a) Plan Account be Rolled Into a 403(b) Plan?
5
Plan Sponsors Should Address Financial Squeeze Put on Gen X
Sponsored message from J. P. Morgan Asset Management
J.P. Morgan’s 2019 DC Plan Sponsor Survey Findings Highlight
How plan sponsors are achieving greater success with plan design. Read more >
Market Mirror

Tuesday, the Dow was down 173.35 points (0.66%) at 25,962.44, the NASDAQ decreased 54.25 points (0.68%) to 7,948.56, and the S&P 500 fell 23.14 points (0.79%) to 2,900.51. The Russell 2000 closed 10.84 points (0.72%) lower at 1,498.01, and the Wilshire 5000 lost 223.12 points (0.75%) to finish at 29,715.81.

The price of the 10-year Treasury note was up 6/32, decreasing its yield to 1.551%. The price of the 30-year Treasury bond increased 1 2/32, bringing its yield down to 2.037%.

Compliance
Charles Schwab Wins Significant Pro-Arbitration ERISA Decision
The 9th Circuit has ruled that Supreme Court decisions show forced arbitration is in fact permissible in the context of Employee Retirement Income Security Act (ERISA) litigation. Read more >
Court Orders Fiduciaries to Restore $6.5 Million to ESOP
The court found as a fiduciary to the ESOP, Evolve Bank failed to notice, question or investigate several red flags that appeared in the appraisal of the stock that was used to set the share price for a 2010 purchase. Read more >
IRS Makes Language Changes to ‘One-Bad-Apple’ Rule Proposal
The IRS says that, as published, its Notice of Proposed Rulemaking (NPRM) contains errors which may prove to be misleading and need to be clarified. Read more >
Ask the Experts
What Is a Governmental Plan?
“In all my time reading the column, the Experts have defined a church plan, but I don’t recall ever seeing a definition of a governmental plan. What is the definition of a governmental plan?” Read more >
Small Talk
Several Factors Determine Amount Tooth Fairy Gives
The No. 1 guiding factor is how much spare cash the Tooth Fairy has on hand, Delta Dental finds. Read more >

ON THIS DATE: In 1680, the Pueblo Indians drove the Spanish out and took possession of Santa Fe, New Mexico. In 1831, Nat Turner, a former slave, led a violent insurrection in Virginia. In 1841, a patent for venetian blinds was issued to John Hampton. In 1878, the American Bar Association was formed by a group of lawyers, judges and law professors in Saratoga, New York. In 1888, the adding machine was patented by William Burroughs. In 1912, Arthur R. Eldred became the first American boy to become an Eagle Scout. It is the highest rank in the Boy Scouts of America. In 1943, Japan evacuated the Aleutian island of Kiaska. Kiaska had been the last North American foothold held by the Japanese. In 1945, President Harry Truman ended the Lend-Lease program that had shipped about $50 billion in aid to America’s Allies during World War II. In 1959, Hawaii became the 50th state. President Dwight Eisenhower also issued the order for the 50 star flag. In 1984, Victoria Roche, a reserve outfielder, became the first girl to ever compete in a Little League World Series game. In 1984, Clint Eastwood was given a star on the Hollywood Walk of Fame. In 1996, the Health Insurance Portability and Accountability Act of 1996 was signed by President Bill Clinton. In 1997, Afghanistan suspended its embassy operations in the United States. In 1997, Cicely Tyson received a star on the Hollywood Walk of Fame. In 1998, Wesley Snipes received a star on the Hollywood Walk of Fame.

 

WEDNESDAY WISDOM: “A true friend never gets in your way unless you happen to be going down.”—Arnold H. Glasow, humorist and American businessman

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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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