Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 28th, 2019
2019 PLANSPONSOR Defined Contribution Survey
2019 PLANSPONSOR Defined Contribution Survey Open
Sponsors of defined contribution (DC) plans are invited to respond to our annual DC Survey. The survey is our largest and most important research project of the year, but we need your help for it to be a success. Please consider responding by the September 27 deadline. Read more >
Benefits & Administration
NQDC Plan Sponsors Focusing on Retirement Savings for the Highly Paid
PSCA notes that the percent of organizations stating that their primary goal for offering a NQDC plan is “to help employees accumulate assets” has increased by 40% in the last three years. 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
Ask the Experts
What Plan Types Count for Elective Deferral Limits?
“I know that we must be very careful when onboarding new employees to our 403(b) plan that they have not made any 401(k) or 403(b) elective deferrals to plans of their prior employer, since those would count against what they could defer to our plan in the same calendar year. Are there any other types of plans that would limit the employee’s elective deferrals as well?” Read more >
Sponsored message from OneAmerica
The 403(b) Plan Remedial Amendment Period.
Read more >
Economic Events

The Conference Board Consumer Confidence Index declined marginally in August, following July’s rebound. The Index now stands at 135.1 (1985=100), down from 135.8 in July. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased from 170.9 to 177.2. The Expectations Index—based on consumers’ short-term outlook for income, business and labor market conditions—declined from 112.4 last month to 107.0 this month.

Market Mirror

Tuesday, the Dow lost 120.93 points (0.47%) to finish at 25,777.90, the NASDAQ closed 26.79 points (0.34%) lower at 7,826.95, and the S&P 500 was down 9.22 points (0.32%) at 2,869.16. The Russell 2000 decreased 19.96 points (1.35%) to 1,456.04, and the Wilshire 5000 fell 135.33 points (0.46%) to 29,326.11.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 1.477%. The price of the 30-year Treasury bond climbed 1 32/32, decreasing its yield to 1.952%.

Compliance
Court Remands Case Over OSF Healthcare’s Church Plan Status
The 7th Circuit found a district court was hasty in granting summary judgment to the health care system before all discovery was obtained to prove or disprove the plaintiff’s arguments. Read more >
Lawsuit Over TDFs Names Provider as Defendant
Participants in the CHS/Community Health Systems, Inc. Retirement Savings Plan have filed a lawsuit against the company, its retirement plan committee and the provider of target-date funds (TDFs) in the plan for maintaining excessively expensive and poorly performing underlying investments. Read more >
Industry Voices
Keeping Up With All the Players in Outsourced Benefits Administration
Andy Adams and Jay Schmitt, with Strategic Benefits Advisors, discuss what plan sponsors should consider in a changing benefits outsourcing market. Read more >
Small Talk
Being a Morning Person Boosts Productivity and Income
However, what early risers do in the morning was shown by a survey to have an effect on income. Read more >

ON THIS DATE: In 1907, “American Messenger Company” was started by two teenagers, Jim Casey and Claude Ryan. The company’s name was later changed to “United Parcel Service.” In 1922, the first radio commercial aired on WEAF in New York City. The Queensboro Realty Company bought 10 minutes of time for $100. In 1955, while visiting family in Money, Mississippi, 14-year-old Emmett Till, an African American from Chicago, was brutally murdered for allegedly flirting with a white woman four days earlier. In 1963, Dr. Martin Luther King, Jr. gave his “I Have a Dream” speech at a civil rights rally in Washington, D.C. In 1968, at the Democratic National Convention in Chicago, thousands of Vietnam War protesters battled police in the streets. In 1995, the biggest bank in the U.S. was created when Chase Manhattan and Chemical Bank announced their $10 billion deal. In 2004, George Brunstad, at age 70, became the oldest person to swim the English Channel. The swim from Dover, England, to Sangatte, France, took 15 hours and 59 minutes.

 

WEDNESDAY WISDOM: “A man should always consider how much he has more than he wants.”—Joseph Addison, English essayist, poet, playwright, and politician

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

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