Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 31st, 2018
PBGC Issues Policy Statement on Multiemployer Plan Withdrawal Liability
The agency identifies information that would be helpful for plan sponsors to provide to help it evaluate proposed alternative terms and conditions to satisfy withdrawal liability.Read more >
Deadline Approaching for DB Plan Sponsors to Take Advantage of Tax Change
“Tax reform has allowed plan sponsors to take advantage of a higher deduction. Doing so may mitigate the need for higher contributions in the future,” says Alexa Nerdrum, managing director, retirement at Willis Towers Watson.Read more >
ERIC Asks IRS for Revenue Ruling on Student Loan Repayment Benefit
The Internal Revenue Service (IRS) recently issued a private letter ruling approving a student loan repayment benefit within a retirement plan; the ERISA Industry Committee (ERIC) wants this expanded to apply to all plan sponsors.Read more >
From the Magazine
Protection at All Costs
Everyone has a long-time favorite food product—a go-to that combines consistent and high quality with predictable satisfaction. The item may look basic, but beneath the packaging, there’s a complicated process of gathering and combining the right ingredients. This is not unlike stable value accounts.Read more >
2022 Recordkeeping Survey
Defined Benefit Plans May Have New Life
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Economic Events

In the week ending August 25, the advance figure for seasonally adjusted initial claims for unemployment insurance was 213,000, an increase of 3,000 from the previous week’s unrevised level of 210,000, the Labor Department reported. The four-week moving average was 212,250, a decrease of 1,500 from the previous week’s unrevised average of 213,750. This is the lowest level for this average since December 13, 1969, when it was 210,750.


The average interest rate for a 30-year fixed-rate mortgage is 4.52%, up from 4.51% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.97%, down from 3.98%.
Market Mirror

Thursday, the Dow fell 137.65 points (0.53%) to 25,986.92, the NASDAQ decreased by 21.32 points (0.26%) to 8,088.36, and the S&P 500 closed 12.91 points (0.44%) lower at 2,901.13. The Russell 2000 was down 2.40 points (0.14%) at 1,732.35, and the Wilshire 5000 lost 127.46 points (0.42%) to finish at 30,257.05.


The price of the 10-year Treasury note was up 6/32, decreasing its yield to 2.863%. The price of the 30-year Treasury bond increased 9/32, bringing its yield down to 3.008%.
Benefits & Administration
Participants Need to Understand Market Cycles
The record bull market may cause retirement plan participants to be overly confident, but they need to understand market cycles and volatility so they can resist making the wrong investment and retirement savings decisions. This could mean urging them to invest in a professionally managed target-date fund (TDF), a target-risk fund or managed account, as well as showing them projections for long-term savings if they are tempted to dip into their accounts during market highs.Read more >
Small Talk

ON THIS DATE: In 1881, the first tennis championship in the U.S. was played. In 1887, the kinetoscope was patented by Thomas Edison. The device was used to produce moving pictures. In 1888, the first known victim of “Jack the Ripper” was found in the city’s Whitechapel district. In 1920, the first news program to be broadcast on radio was aired. The station was 8MK in Detroit. In 1920, John Lloyd Wright was issued a patent for “Toy-Cabin Construction,” which are known as Lincoln Logs. In 1959, Sandy Koufax set a National League record by striking out 18 batters. In 1964, California officially became the most populated state in America. In 1965, the Department of Housing and Urban Development was created by the U.S. House of Representatives and the Senate. In 1990, U.N. Secretary-General Javier Perez de Cuellar met with the Iraqi Foreign Minister Tariq Aziz to try and negotiate a solution to the crisis in the Persian Gulf. 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.



And now it’s time for FRIDAY FILES!
A whale’s version of driving through puddles next to pedestrians.Read more >
In Caledon, Ontario, Canada, Batman gets a pass from complying with driving laws.Read more >
In Omro, Wisconsin, a motorist was having car trouble, so he pulled over and opened the hood of his SUV. What he found was startling—a 4-foot-long ball python. [pic]Read more >

And speaking of snakes, in Pittsford, New York, a woman was shopping for groceries when her daughter noticed a snake wrapped on the bottom of her cart. A lot calmer than I would be, the woman then walked the cart outside and had her daughter tell customer service there was a snake on it, the Rochester Democrat & Chronicle reports. Two employees took the snake to a wooded area. A biology professor identified the pictured snake as a non-venomous milk snake.


In Thermal, California, someone really likes lemons. Riverside County sheriff’s deputies were investigating recent farm thefts when they stopped a 69-year-old man’s car. They found about 800 pounds of stolen lemons inside.


In Alliance, Ohio, a person discovered a hornets’ nest in their car. But, it wasn’t just any hornets’ nest; it was a massive one built by European Hornets, which can be two inches long. The owner of The Bee Man was called into action. He told WJW-TV that the hornets aggressively defend the nest and can sting repeatedly. He wore a triple-layer suit and sting-proof gloves while he blew a powder into the nest and disposed of it.


In Patrick County, Virginia, a federal judge told a Virginia sheriff’s deputy that he had no right to pull over a car because a passenger flipped him off. “People do not wave inappropriate or obscene gestures to a law enforcement officer unless something is wrong,” the deputy said in a deposition. However, the judge found the deputy had shown a clear violation of the passenger’s constitutional rights under the First and Fourth Amendments.


Enjoy your long weekend everyone! 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


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