Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 9th, 2017
Benefits & Administration
Large Employers Revamping Health Care Cost Reduction Strategies
With an expected 5% hike in health care benefit costs, large U.S. employers are looking at new ways to trim expenses while offering employees a broader set of services, including telehealth assistance and on-site health centers, according to findings drawn from a recent survey by the National Business Group on Health.Read more >
Products, Deals and People
Alegeus Launches the 'Siri' of Consumer Directed Health Care
Alegeus, a provider of consumer directed health care (CDH) solutions, has introduced “Emma” to its mobile application. This voice-activated virtual assistant was designed to provide users with information about their benefit accounts and how to make the most out of their health care money.Read more >
EARN Act Clears Senate Finance Committee
2021 Recordkeeping Survey
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Vanguard Partners With Newport Group on 403(b) Recordkeeping
Vanguard has decided to outsource recordkeeping for certain 403(b) plans to The Newport Group. According to Vanguard, the partnership with Newport Group involves small-market 403(b) Employee Retirement Income Security Act (ERISA) plans as well as non-ERISA plans. Vanguard says the partnership will offer enhanced services and features to 403(b) plan participants and sponsors. Read more >
Market Mirror

Tuesday, the Dow was down 33.08 points (0.15%) at 22,085.34, the NASDAQ decreased 13.31 points (0.21%) to 6,370.46, and the S&P 500 closed 5.99 points (0.24%) lower at 2,474.92. The Russell 2000 lost 4.01 points (0.28%) to finish at 1,410.15, and the Wilshire 5000 fell 75.35 points (0.29%) to 25,670.04.

The price of the 10-year Treasury note was down 5/32, increasing its yield to 2.272%. The price of the 30-year Treasury bond decreased 12/32, bringing its yield up to 2.853%.

Are Encouragements to Save More Considered Fiduciary Advice?
The latest fiduciary rule FAQ from the Department of Labor (DOL) answers the very important questions of whether recommendations to plan participants and individual retirement account (IRA) owners to contribute to or increase contributions to a plan or IRA constitute fiduciary investment advice under the fiduciary rule and whether it would it be investment advice under the fiduciary rule if a person makes recommendations or suggestions to a plan administrator or other plan fiduciary relating to methods to increase employees’ participation in, or level of contributions to, an ERISA plan.Read more >
Ask the Experts
Why Delay Form 5500 Filing?
“I am fairly new to the employee benefits field, but was shocked to find that our employer, a private university, delays its 403(b) retirement plan Form 5500 filing until the last possible moment (October 15, since our calendar year is a plan year). When I questioned this, I was told that ‘everybody does it.’ That doesn’t make much sense to me from a best practices perspective. Why does ‘everyone’ delay their filings in this fashion, and do the Experts have any thoughts as to best practice?”Read more >
Institutional Investors Post Seventh Quarter of Positive Returns
Institutional assets tracked by the Wilshire Trust Universe Comparison Service (Wilshire TUCS) saw a median return of 2.88% for all plan types in the second quarter and a median one-year gain of 11.31%. Corporate funds led gains for the second quarter, at 3.13%.Read more >
Small Talk
In a recent survey from staffing firm Accountemps, 62% of employees said having co-workers that are friends outside of the office positively affects productivity. But only 39% of CFOs think the same. A separate survey found that professionals who feel they have good friends at work are 1.6 times more likely to be happy at work than those who don’t.Read more >

ON THIS DATE: In 1790, the Columbia returned to Boston Harbor after a three-year voyage. It was the first ship to carry the American flag around the world. In 1831, the first steam locomotive began its first trip between Schenectady and Albany, New York. In 1842, the U.S. and Canada signed the Webster-Ashburton Treaty, which solved a border dispute. In 1848, Martin Van Buren was nominated for president by the Free-Soil Party in Buffalo. In 1854, “Walden” was published by Henry David Thoreau. In 1859, the escalator was patented by Nathan Ames. In 1892, Thomas Edison received a patent for a two-way telegraph. In 1910, A.J. Fisher received a patent for the electric washing machine. In 1936, Jesse Owens won his fourth gold medal at the Berlin Olympics. He was the first American to win four medals in one Olympics. In 1944, the Forest Service and Wartime Advertising Council created “Smokey the Bear.” In 1945, the U.S. dropped an atomic bomb on Nagasaki. The bombing came three days after the bombing of Hiroshima. About 74,000 people were killed. In 1973, the U.S. Senate committee investigating the Watergate affair filed suit against President Richard Nixon. In 1974, U.S. President Richard Nixon formally resigned. Gerald R. Ford took his place, and became the 38th president of the U.S. In 1975, the New Orleans Superdome was officially opened when the Saints played the Houston Oilers in exhibition football. In 2004, Donald Duck received the 2,257th star on the Hollywood Walk of Fame. In 2004, Trump Hotel and Casino Resorts announced plans to file for Chapter 11 bankruptcy.


WEDNESDAY WISDOM: “He has achieved success who has worked well, laughed often, and loved much.”—Elbert Hubbard, American writer

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Editorial: Alison Cooke Mintzer


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