Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 8th, 2019

Lawmakers Demand Help for Union Pensions

The former Republican Speaker of the House has teamed up with former Representative Joe Crowley to advocate for a solution to the union multiemployer pension funding crisis. Read more >
Industry Voices
New Individual Coverage HRAs—Don’t Forget About ERISA
Damian A. Myers, with Poskauer Rose LLP, says employers can inadvertently subject individual market insurance policies to ERISA if they have too much involvement in selecting which policies are purchased through an individual coverage health reimbursement arrangement (HRA). Read more >
Products, Deals and People
Mercer, Club Vita Team Up to Offer ZIP Code Model for Longevity
Honing in on each participant’s ZIP+4 code to capture a wealth of lifestyle information, and analyzing them alongside other factors, can help plan sponsors make more informed decisions on funding and risk management, often reducing costs. Read more >
MOST READ ARTICLES
1
IRS Issues Guidance About Uncashed Retirement Plan Distributions
2
Options for Providing Student Loan Repayment Benefits Increasing
3
Taking a ‘Calculated’ Approach to Retirement Readiness
4
Litigators Share What They Investigate for Filing TDF Lawsuits
5
Government Prosecutors Weigh In on Supreme Court IBM Case
Sponsored message from J.P. Morgan Asset Management
Three retirement spending surprises
J.P. Morgan’s research into real-life retirement spending patterns suggests it may be a good time to re-examine popular replacement income strategies. Read more >
Market Mirror

Wednesday, the Dow was down 22.45 points (0.09%) at 26,007.07, the NASDAQ increased 29.56 points (0.38%) to 7,862.83, and the S&P 500 was up 2.21 points (0.08%) at 2,883.98. The Russell 2000 slipped 1.40 points (0.09%) to 1,500.68, and the Wilshire 5000 increased 27.22 points (0.09%) to 29,605.86.

 

The prices of the 10-year Treasury note and 30-year Treasury bond were each down 1/32, increasing their yields to 1.718% and 2.236%, respectively.

Compliance
Court Moves Forward Suit Over Plans’ Use of Retail Funds
The court decision in Lutz v. Kaleida Health reviews what it takes to be a retirement plan fiduciary and acknowledges that plaintiffs in ERISA litigation do not have to have all facts about fiduciary decisionmaking to state a plausible claim. Read more >
Investing
Participants, Plans Already Feeling the Impact of U.S-China Trade War
Until recently, the marketplace expected the U.S. and China would, year over year, continue to integrate and overlap their economic systems. Increasingly, it seems the two spheres are instead pulling apart. Read more >
Small Talk

ON THIS DATE: In 1876, Thomas Edison received a patent for the mimeograph. The mimeograph was a “method of preparing autographic stencils for printing.” In 1899, the refrigerator was patented by A.T. Marshall. In 1911, the number of representatives in the U.S. House of Representatives was established at 435. There was one member of Congress for every 211,877 residents. In 1945, the United Nations Charter was signed by President Harry Truman. In 1953, the U.S. and South Korea initiated a mutual security pact. In 1966, Michael DeBakey became the first surgeon to install an artificial heart pump in a patient. In 1974, President Richard Nixon announced that he would resign the following day. In 1978, the U.S. launched Pioneer Venus II, which carried scientific probes to study the atmosphere of Venus. In 1991, the U.N. Security Council approved North and South Korea for membership.

SURVEY SAYS: A recent survey found, overall, employees say open work spaces help them be the most productive; however, older employees prefer closed work spaces. This week, I’d like to know, which type of work space do you prefer for optimal productivity? You may respond to this week’s survey by 6 p.m. Pacific time today. Read more >
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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund