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| CDHPs Make Employees More Cost-Conscious | |
| About 15% of the U.S. population, representing 26 million individuals with private insurance, is currently enrolled in a consumer-driven health plan (CDHP), according to the 2014 Employee Benefit Research Institute (EBRI)/Greenwald & Associates Consumer Engagement in Health Care Survey (CEHCS). The survey finds that CDHP enrollees were more cost conscious in their decision making than those in traditional plans.Read more > | |
| Sponsored message from Russell | |
| Star manager concerns? Expand your manager universe. Russell’s multi-manager, multi-strategy funds simplify the manager change process for DC plans. No long searches; no costly transitions. Consider the benefits of multi-manager.Read more > | |
| Products, Deals & People | |
| Acadian Asset Management, an investment management firm specializing in active global and international equity strategies, has hired Seth Weingram to serve at its Boston headquarters. As senior vice president, strategist, Weingram will engage with clients, discussing Acadian’s views about market developments and current topics in quantitative investing.Read more > | |
| CLS Investments, an investment adviser in Omaha, has upgraded its (k)Star program. The upgraded program allows plan sponsors to build 401(k) plans from the ground up with multiple service providers—instead of taking a pre-packaged, bundled offering.Read more > | |
| Pentegra Retirement Services announced the addition of Philip Gould, serving as a regional director for qualified plan sales. Gould brings more than 15 years of experience to Pentegra, a provider of retirement plan and fiduciary outsourcing solutions. He is tasked with leading business development efforts in Texas markets.Read more > | |
| Economic Events | |
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.3% in November after being unchanged in October. The index for all items less food and energy increased 0.1% in November after rising 0.2% in October. Real average hourly earnings rose 0.6% in November, seasonally adjusted. Average hourly earnings increased 0.4% and the CPI-U decreased 0.3%. Real average weekly earnings increased 0.9% over the month. | |
| Market Mirror | |
Following a statement from the Federal Reserve, which reflected general confidence about U.S. growth, the Dow climbed 282.79 points (1.69%) Wednesday, to 17,356.87. The NASDAQ gained 96.48 points (2.12%) to finish at 4,644.31, and the S&P 500 rose 40.14 points (2.03%) to 2,012.88. The Russell 2000 increased 35.46 points (3.11%) to 1,174.83, and the Wilshire 5000 soared 455.49 points (2.20%) to 21,158.58. On the NYSE, 3.2 billion shares traded, with advancing issues outnumbering declining issues more than 7 to 1. On the NASDAQ, 2.8 billion shares changed hands, with a near 4 to 1 lead for advancers. The price of the 10-year Treasury note fell 22/32, increasing its yield to 2.138%. The price of the 30-year Treasury bond decreased 21/32, bringing its yield up to 2.722%. | |
| Compliance | |
| DOL Releases Form 5500 Advanced Copies | |
| The Department of Labor’s Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC) released advance informational copies of the 2014 Form 5500 annual return/report and related instructions. Linda Fisher, principal of Linda T. Fisher Form 5500 Consulting in Chicago, and a self-professed Form 5500 enthusiast, says plan sponsors will welcome one change.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1620, the British ship Mayflower docked at modern-day Plymouth, Massachusetts, and its passengers prepared to begin their new settlement, Plymouth Colony. In 1777, the United States celebrated its first national day of thanksgiving, commemorating the American victory at the Battle of Saratoga after the surrender of General John Burgoyne and 5,000 British troops in October of that year. In 1787, New Jersey became the third state to ratify the U.S. Constitution. In 1865, the U.S. House of Representatives passed the 13th Amendment to the Constitution, abolishing slavery in America. In 1968, the musical film “Chitty Chitty Bang Bang” opened in New York City. In 1971, Apollo 14, piloted by astronauts Alan B. Shepard Jr., Edgar D. Mitchell, and Stuart A. Roosa, was successfully launched from Cape Canaveral, Florida, on a manned mission to the moon. In 1974, the pioneering movie producer Samuel Goldwyn died in his sleep at the age of 91, at his home in Los Angeles. In 1990, the Soviet Union’s first McDonald’s fast food restaurant opened in Moscow. In 2009, General Motors announced that it would shut down its Saab brand. | |
| SURVEY SAYS: Over the years, our Favorite Holiday Movie survey has been very popular with readers. However, running the survey annually tends to produce very similar results. So, to change things up, as an alternate this year, I’d like to know, what is your favorite holiday song? Choose from the list or submit your own. You may respond to this week’s survey by 6 p.m. Pacific time today.Read more > | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > | |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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