|
Employees Want a Better Open Enrollment Experience |
A survey by Namely, a human resources platform focusing on mid-sized employers, revealed some key findings about how employees prefer to be introduced to their benefits options during open enrollment season. It also showed employers have room for improvement in this realm.Read more > |
Gig Workers Cite Lack of Benefits as Disadvantage |
The lack of benefits is the most commonly reported disadvantage of “gig” work, according to a survey from Prudential Financial. Only 16% of Gig Only workers have assets in an employer-sponsored retirement plan.Read more > |
|
Market Mirror |
Wednesday, the Dow closed 27.06 points (0.12%) higher at 21,892.43, the NASDAQ gained 66.42 points (1.05%) to finish at 6,368.31, and the S&P 500 increased 11.29 points (0.46%) to 2.457.59. The Russell 2000 was up 7.64 points (0.55%) at 1,391.32, and the Wilshire 5000 climbed 144.77 points (0.57%) to 25,496.81. The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.139%. The price of the 30-year Treasury bond was up 1/32, decreasing its yield to 2.742%. |
|
Compliance |
Fiduciary Rule Transition Period Extended by One Year |
The new applicability date for the Department of Labor (DOL) fiduciary rule and its accompanying exemptions is January 1, 2019, according to an as-yet-unpublished notice that will soon appear in the Federal Register. As the DOL lays out, the primary purpose of the proposed delay of full enforcement is to give the department the time necessary to consider possible changes and alternatives.Read more > |
BB&T Self-Dealing Suit Gets Class Certification |
A federal district judge has granted class certification in a consolidated complaint in which participants in BB&T Corporation retirement plans accuse the company of breaching the Employee Retirement Income Security Act (ERISA) by favoring its own proprietary investment options and recordkeeping services at the expense of performance. The judge certified a class after first rejecting BB&T’s arguments that the class did not meet commonality and typicality requirements.Read more > |
|
Small Talk |
ON THIS DATE: In 1881, the first tennis championships in the U.S. were played. In 1887, the kinetoscope was patented by Thomas Edison. The device was used to produce moving pictures. In 1920, John Lloyd Wright was issued a patent for “Toy-Cabin Construction,” which are known as Lincoln Logs (U.S. patent 1,351,086). In 1935, the act of exporting U.S. arms to belligerents was prohibited by an act signed by U.S. President Franklin D. Roosevelt. In 1959, Sandy Koufax set a National League record by striking out 18 batters. In 1965, the Department of Housing and Urban Development was created by the U.S. House of Representatives and the Senate. In 1990, East and West Germany signed a treaty that meant the harmonizing of political and legal systems. In 1991, in a “Solidarity Day” protest hundreds of thousands of union members marched in Washington, D.C. In 1994, Russia officially ended its military presence in the former East Germany and the Baltics after a half-century. In 1998, a ballistic missile was fired over Japan by North Korea. The missile landed in stages in the waters around Japan. There was no known target. SURVEY SAYS: Will return next week. |
Share the news with a friend! Pass the NewsDash along and tell your friend/associates they can sign up for their own copy.Read more > |