Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 20th, 2016
Benefits & Administration
Nearly 90% (89.4%) of U.S. employees are eligible to participant in their employer’s defined contribution (DC) plan, according to the Plan Sponsor Council of America’s 59th Survey of Profit Sharing and 401(k) Plans. Almost as many, 87.6%, have a balance in their plan, and 81.9% contributed to their plan in 2015. Read more >
Employers Focused on Modernizing Health Benefits in 2017
Willis Towers Watson has noted trends aimed at employer-sponsored health and well-being benefits, including shifting from a ‘one-size-fits-all’ mantra to providing options that tailor to employees’ individual needs, and increasing voluntary benefits for younger generations. Read more >
Policy Proposals Could Help Hispanic Workers’ Retirement Outcomes
A report from the Urban Institute shows Hispanics face steeper retirement income challenges than other ethnic groups. Read more >
MOST READ ARTICLES
1
Adidas Sued Over Excessive Fees for 401(k) Participants
2
(b)lines Ask the Experts – Proper Delivery Method for SPDs
3
Yale Sued Over Wellness Program ‘Penalty’
4
Employees in Two States Miss Out on One HSA Benefit
5
Some Help for Women’s Retirement Savings Gap May Be Coming
Mercer Suggests Areas for DC Plan Review
Plan design, investments, fees, financial wellness and the DOL’s fiduciary rule are all things defined contribution plan sponsors should consider going into the New Year. Read more >
Market Mirror

Yesterday, the Dow gained 39.65 points (0.20%) to finish at 19,883.06, the NASDAQ closed 20.28 points (0.37%) higher at 5,457.44, and the S&P 500 was up 4.46 points (0.20%) at 2,262.53. The Russell 2000 increased 7.49 points (0.55%) to 1.371.68, and the Wilshire 5000 was virtually unchanged at 23,600.34.

On the NYSE, 3.1 billion shares traded, with 1.6 advancing issues for every declining issue. On the NASDAQ, 2.9 billion shares changed hands, with a 1.3 to 1 ratio of advancers to decliners.

The price of the 10-year Treasury note increased 15/32, bringing its yield down to 2.537%. The price of the 30-year Treasury bond fell 30/32, decreasing its yield to 3.124%.

Sponsored message from DST Systems
A Call to Action: Improving the Rollover Experience Post-DOL
Renewed opportunities to improve the outdated approach to IRA rollovers. Read more >
Compliance
The Internal Revenue Service (IRS) reminds low- and moderate-income workers that they can take steps now to save for retirement and earn a special tax credit in 2016 and years ahead. The so-called Saver’s Credit helps offset part of the first $2,000 workers voluntarily contribute to individual retirement accounts (IRAs) and 401(k) plans and similar workplace retirement programs. Plan sponsors can inform participants about this opportunity. Read more >
ERIC Makes Suggestions Regarding Loss of Determination Letter Program
“It is important that individually designed plans that contain unique provisions reflective of individual company benefit priorities and culture are allowed to continue,” says ERIC’s Will Hansen. Read more >
Municipally Sponsored IRAs Granted Safe Harbor
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) revealed a final rule to assist large cities and other political subdivisions as they establish payroll deduction individual retirement account (IRA) savings programs for workers who do not have access to workplace savings arrangements. The rule adds to and amends a similar rule related to state-based savings initiatives published earlier in 2016, further opening up the number of government entities eligible to establish IRAs for private-sector workers. Read more >
Small Talk

ON THIS DATE: In 1606, the “Susan Constant,” “Godspeed” and “Discovery” set sail from London. Their landing at Jamestown, Virginia, was the start of the first permanent English settlement in America. In 1790, the first successful cotton mill in the United States began operating at Pawtucket, Rhode Island. In 1803, the United States Senate ratified a treaty that included the Louisiana Territories from France for $15 million. The transfer was completed with formal ceremonies in New Orleans. In 1860, South Carolina became the first state to secede from the American Union. In 1864, Confederate forces evacuated Savannah, Georgia, as Union General William T. Sherman continued his “March to the Sea.” In 1879, Thomas A. Edison privately demonstrated his incandescent light at Menlo Park, New Jersey. In 1968, author John Steinbeck died at the age of 66. In 1990, the world’s first website and server went live at CERN. In 1998, in Houston, Texas, a 27-year-old woman gave birth to the only known living set of octuplets. In 2001, the U.S. Congress passed a $20 billion package to finance the war against terrorism taking place in Afghanistan.

TRIVIAL PURSUITS: What causes the sound made by snapping your fingers? Read more >
Share the good 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