Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 7th, 2019
Benefits & Administration
Considerations for 2020 Health Benefits Planning
Mercer has published a list of 10 top compliance-related priorities for 2020 health and fringe benefit planning.Read more >
OregonSaves Filling the Retirement Plan Coverage Gap
The state-run retirement program for private-sector employees is reporting $25 million saved for retirement, and has announced expansion to more employer types.Read more >
2022 Recordkeeping Survey
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?
Defined Benefit Plans May Have New Life
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Products, Deals and People
PCS, Aspire Combine to Provide Fiduciary Specialist Services
In addition to providing new fiduciary solutions to the combined client base, PCS leadership aims to leverage Aspire’s footprint in the K-12 403(b) and 457 plan spaces.Read more >
Sponsored message from Hooker & Holcombe
Hooker & Holcombe 2019 Municipal Pension & OPEB Report
Puzzled by how your pension & OPEB plans stack up against other municipal plans? Click to download the report. Read more >
Market Mirror

Tuesday, the Dow recovered 311.78 points (1.21%) to finish at 26,029.52, the NASDAQ closed 107.23 points (1.39%) higher at 7,833.27, and the S&P 5000 increased 37.03 points (1.30%) to 2,881.77. The Russell 2000 was up 14.67 points (0.99%) at 1,502.09, and the Wilshire 5000 gained 365.04 points (1.25%) to finish at 29,578.59.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.717%. The price of the 30-year Treasury bond increased 4/32, bringing its yield down to 2.239%.

PBGC Multiemployer Program Continues Move Toward Insolvency
PBGC Director Gordan Hartogensis says if Congress fails to act soon then after year 2025, any future revenue to the program would be sourced from premiums.Read more >
Settlement in Johns Hopkins 403(b) Plan Lawsuit Includes Recordkeeper Bid
The $14 million settlement agreement also requires the University to retain an independent consultant to assist plan fiduciaries in reviewing the plan’s existing investment structure.Read more >
Ask the Experts
Why Are Annuities So Prevalent in 403(b)s?
“Why are annuity investments so prevalent in 403(b) plans?”Read more >
Small Talk
Open Work Spaces Popular, but Many Prefer Closed Offices
For peak productivity, where is as important as when to work, a survey suggests.Read more >

ON THIS DATE: In 1789, the U.S. War Department was established by Congress. In 1782, George Washington created the Order of the Purple Heart. In 1888, Theophilus Van Kannel received a patent for the revolving door. In 1942, U.S. forces landed at Guadalcanal, marking the start of the first major allied offensive in the Pacific during World War II. In 1959, the U.S. launched Explorer 6, which sent back a picture of the Earth. In 1964, Congress passed the Gulf of Tonkin resolution, which gave President Johnson broad powers in dealing with reported North Vietnamese attacks on U.S. forces. In 2003, in California, Arnold Schwarzenegger announced that he would run for the office of governor.


WEDNESDAY WISDOM: “You can lead a man to Congress, but you can’t make him think.”—Milton Berle, comedian

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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