Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 30th, 2019
2019 PLANSPONSOR DC 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, and is a great benchmarking tool for DC plans. Please consider responding by the September 27 deadline.Read more >
Administration & Benefits
Meaningful Education Needed Before Open Enrollment
Education about benefits should be simple and personalized, and with the recent focus on HSAs as a way to save for retirement health care costs, special attention should be paid to education about them.Read more >
Compliance
Court Decides Lawsuit Over Multiemployer Plan Withdrawal Liability Is Time-Barred
According to an appellate court, a cause of action against a plan sponsors for defaulting on its multiemployer plan withdrawal liability began when the plan trustees first accelerated payments, despite a cycle of defaults, lawsuits and payments.Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
Social Security Administration Announced COLA for 2020
3
Updating TDFs to Provide Better Retirement Income
4
IRS Announces Contribution and Benefit Limits for 2019
5
Employees Are Making Each Other Sick
Economic Events

In the week ending August 24, the advance figure for seasonally adjusted initial claims for unemployment insurance was 215,000, an increase of 4,000 from the previous week’s revised level of 211,000, the Labor Department reported. The four-week moving average was 214,500, a decrease of 500 from the previous week’s revised average of 215,000.

The average interest rate for a 30-year fixed-rate mortgage is 3.58%, up from 3.55% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.06%, up from 3.03%.

Market Mirror

Thursday, the Dow gained 326.15 points (1.25%) to finish at 26,362.25, the NASDAQ closed 116.51 points (1.48%) higher at 7,973.39, and the S&P 500 increased 36.64 points (1.27%) to 2,924.58. The Russell 2000 was up 24.01 points (1.63%) at 1,496.72, and the Wilshire 5000 climbed 387.42 points (1.31%) to 29,911.04.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.499%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 1.964%.

From the Magazine
A Better HSA Savings Option for Seniors
One of the most frustrating components of Medicare interactions with health savings accounts (HSAs) involves seniors who want to keep working and keep saving in one of these accounts. Labor force participation among people 65 and older rose to 25.2% in February, from 24% last February, according to the U.S. Bureau of Labor Statistics.Read more >
Small Talk

ON THIS DATE: In 1645, American Indians and the Dutch made a peace treaty at New Amsterdam (later known as New York). In 1862, the Confederates defeated Union forces at the second Battle of Bull Run in Manassas, Virginia. In 1945, General Douglas MacArthur set up Allied occupation headquarters in Japan. In 1960, a partial blockade was imposed on West Berlin by East Germany. In 1965, Thurgood Marshall was confirmed by the Senate as a Supreme Court justice. Marshall was the first black justice to sit on the Supreme Court. In 1983, the space shuttle Challenger blasted off with Guion S. Bluford Jr. aboard. He was the first black American to travel in space. In 1984, President Ronald Reagan, and several others, were inducted into the Sportscasters Hall of Fame. In 1994, the largest U.S. defense contractor was created when the Lockheed and Martin Marietta corporations agreed to a merger. In 1996, an expedition to raise part of the Titanic failed when the nylon lines being used to raise part of the hull snapped. In 2002, Conoco Inc. and Phillips Petroleum merged to create ConocoPhillips. The new company was the third largest integrated energy company and the second largest refining company in the U.S.

 

And now it’s time for FRIDAY FILES!

There is no rope, just army ants.Read more >
This baby is starting his dance career early.Read more >
This is the kind of grandma I want to be.Read more >

In Kansas City, Missouri, a woman woke up feeling discomfort in her ear. She told local station WDAF-TV she went to her doctor to find out what was wrong. A medical assistant looked into her ear and thought there was an insect in it. It turns out it was a brown recluse spider, a species with a bite that can cause stinging pain and severe lesions that require medical attention. Fortunately, a doctor was able to remove it, and it did not bite the woman. However, she says she now puts cotton balls in her ears at night.

In Hudson, Florida, a man called 911, and when police arrived on to his residence, they found a machete in the yard that reportedly belonged to his friend, according to local station WTVT. The friend reportedly took a BM in the man’s toilet and didn’t appreciate it when the resident had to remind him to flush it. The “friend” threatened to chop the man with a machete. Pasco County sheriff’s deputies arrested the suspect on a felony aggravated assault charge.

In Rochester, New Hampshire, a woman is fighting the state Department of Motor Vehicles over her 15-year-old vanity license plate showing a common parental phrase. Seacoastonline.com reports the woman has been asked to surrender the plate, which reads “PB4WEGO.” The state says phrases related to excretory acts aren’t permitted.

Have a great holiday weekend! NewsDash will be back in your Inbox Tuesday.

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 >

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

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