| Plan Sponsor Profiles | Helping Employees Thrive | The philosophy at Movement Mortgage is that employees should thrive. Not just professionally but in four specific areas: family and relationships; health and wellness; community involvement; and personal finance. Aimee Dodson, director for the company’s Thrive program, says, “If these four areas are strong, then we’re getting a more well-rounded, engaged and healthy employee.”Read more > | Bonus Deferral Option | Gartner, a research and advisory firm headquartered in Stamford, Connecticut, is always looking for new initiatives, to help increase participation and deferrals. Currently, two being examined are: an annual re-enrollment project for those not utilizing the full company match or who have opted out of the 401(k) plan, and adding a socially responsible fund to the investment lineup. In January 2016, Gartner adopted a company bonus deferral option whereby associates can vary their deferral percentage between their base salary and their bonuses. Where did the idea come from?Read more > | ESG Diversification | The practice of investing in companies that meet environmental, social and governance (ESG) criteria in their operations is slowly growing in popularity. While this is most apparent in the nonprofit space, corporations are beginning to embrace it as well. At designer and apparel retailer EILEEN FISHER, the investment committee for the 401(k) plan wanted to increase the plan’s exposure to ESG fundamentals in its investment lineup.Read more > | Retirement With Dignity | When employees in RiverSpring Health’s defined benefit (DB) plan were no longer accruing new benefits, a robust 403(b) plan was built.Read more > |
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| Fee Transparency | With an awareness that federal fee disclosure regulations have increased pressure on plan fiduciaries to evaluate fees, a plan sponsor’s plan committee made the decision to strip out all revenue sharing and move toward fixed fees.Read more > | | Market Mirror | Wednesday, the Dow surged 1,086.25 points (4.98%) to 22,878.45, the NASDAQ climbed 361.44 points (5.84%) to 6,554.36, and the S&P 500 gained 116.60 points (4.96%) to finish at 2,467.70. The Russell 2000 closed 62.89 points (4.96%) higher at 1,329.81, and the Wilshire 5000 soared 1,215.50 points (5.03%) to 25,366.93. The price of the 10-year Treasury note was down 8/32, increasing its yield to 2.770%. The price of the 30-year Treasury bond decreased 22/32, bringing its yield up to 3.031%. | | Sponsored message from American Century Investments | Target-Date Risk Dashboard Learn about a forward-looking, custom solution to target-date fund evaluation and selection.Read more > | | Awards | Other Notable Profiles | The 2018 Plan Sponsor of the Year award winner profiles also provide useful examples of plan sponsors’ best efforts.Read more > | | Small Talk | ON THIS DATE: In 1845, Dr. Crawford Williamson Long used anesthesia for childbirth for the first time—during the delivery of his own child in Jefferson, Georgia. In 1945, the World Bank was created with an agreement signed by 28 nations. In 1947, the children’s television program “Howdy Doody,” hosted by Bob Smith, made its debut on NBC. In 1951, in Cincinnati, Ohio, a Crosley automobile, with a steering wheel on the right side, became the first vehicle of its kind to be placed in service for mail delivery. In 2002, Clonaid announced the birth of the first cloned human baby, which had been born the day before. There is no SURVEY SAYS this week. | 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 > |
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