Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 5th, 2018
Benefits & Administration
Bristol-Myers Squibb Announces Pension Risk Transfer
The firm is terminating its pension plan via a combination of lump-sum distributions and an annuity purchase.Read more >
Tips for Improving Employee Wellness Programs
MediKeeper suggests using available data to better personalize programs, using social interaction to encourage wellness program participation and making virtual programs available to reach more of the workforce.Read more >
Many Retirees Outspend Planned Budget
Thirty-nine percent of retirees are spending more than they had expected, according to the “Global Atlantic Retirement Spending Study: Perception vs. Reality.” The survey finds retirees with a guaranteed income stream from a pension or annuity are able to spend more.Read more >
Reported Lack of Knowledge Indicates Need for More Financial Wellness Programs
Financial wellness programs are popular and sought after but are rarely offered as an employer-sponsored benefit, according to Corporate Insight’s 2018 Employee Financial Wellness Survey. Of the 1,544 employees surveyed, a mere 221 (or 14%) indicated that their employer offers programs or resources to help improve financial well-being. Employees expressed concerns about budgeting, health care and emergency funds, and low levels of knowledge about financial and retirement topics were reported.Read more >
Vanguard Partners With Candidly For Student Loan Repayment Program
Data and Research
Women’s Financial Confidence Is Lower for Retirement Than for Day-to-Day
Data and Research
Retirement Security Is Higher for Veteran Teachers Than for New Entrants
Industry Voices
Plan Sponsors Could Consider a Different Solution to Provider Woes
Andy Adams and Jay Schmitt, of Strategic Benefits Advisors, offer a solution they call “provider recovery” as an alternative to other options when dealing with benefit provider problems.Read more >
Market Mirror

Tuesday, the Dow dropped 799.36 points (3.10%) to 25,027.07, the NASDAQ plunged 283.09 points (3.80%) to 7,158.43, and the S&P 500 lost 90.30 points (3.24%) to finish at 2,700.07. The Russell 2000 plummeted 68.21 points (4.40%) to 1,480.75, and the Wilshire 5000 fell 971.77 points (3.38%) to 27,796.79.

The price of the 10-year Treasury note increased 17/32, bringing its yield down to 2.910%. The price of the 30-year Treasury bond climbed 1 24/32, decreasing its yield to 3.164%.

Sponsored message from OneAmerica
Driving Retirement Readiness: serving the evolving needs of plan participants. Read more >
$24M Settlement Proposed By Parties in BB&T Self-Dealing ERISA Litigation
After a year of mediated negotiations, BB&T Corporation has reached a proposed settlement with participants in the firm’s own retirement plan, who allege inappropriate self-dealing has damaged plan performance. The settlement agreement would bring to an end two lawsuits—Bowers vs. BB&T Corporation from 2015 and Smith vs. BB&T Corporation from 2016.Read more >
Ask the Experts
Defining ‘Severance of Employment’ for 403(b) Plan Distributions
“Certain distributions from our retirement program may only be made in the event to ‘severance from employment.’ Can the Experts define what is meant by that term? And is the answer different for a 403(b) plan than for a 401(a) plan? We sponsor both types of plans.”Read more >
Small Talk
Company holiday parties are not only a strong way to bring cheer to employees, they are a way to help them get ahead, according to survey of professionals by Korn Ferry. Two-thirds (66%) of respondents say networking at holiday parties helps them get ahead in their career. Aside from getting ahead, 90% say the event creates a stronger culture in their organization.Read more >

ON THIS DATE: In 1766, James Christie, founder of the famous auctioneers, held his first sale in London. In 1776, in Williamsburg, Virginia, at the College of William and Mary the first scholastic fraternity in America, Phi Beta Kappa, was organized. In 1782, the first native U.S. president, Martin Van Buren, was born in Kinderhook, New York. In 1908, at the University of Pittsburgh, numerals were first used on football uniforms worn by college football players. In 1933, prohibition came to an end when Utah became the 36th state to ratify the 21st Amendment to the U.S. Constitution. In 1945, the so-called “Lost Squadron” disappeared. The five U.S. Navy Avenger bombers carrying 14 Navy flyers began a training mission at the Ft. Lauderdale Naval Air Station. They were never heard from again. In 1951, the first push button-controlled garage opened in Washington, D.C. In 1955, the American Federation of Labor and the Congress of Industrial Organizations merged to form the AFL-CIO. In 1978, the American space probe Pioneer Venus I, orbiting Venus, began beaming back its first information and picture of the planet. In 1989, East Germany’s former leaders were placed under house arrest. In 1998, James P. Hoffa became the head of the Teamsters union, 23 years after his father was the head. His father had disappeared and was presumed dead. In 2010, NASA’s Mars Odyssey spacecraft became the longest-operating spacecraft ever sent to Mars. The Odyssey entered orbit around Mars on October 23, 2001.

WEDNESDAY WISDOM: “I know I am getting better at golf because I am hitting fewer spectators.”—Gerald R. Ford

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


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