Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 12th, 2016
Benefits & Administration
Measuring Health Benefit Effectiveness Would Help with Decisions
Most chief financial officers are deeply involved in their company’s health benefits decision-making, but are doing so without data to determine whether those benefits are achieving their goals, according to a survey of CFOs conducted by the Integrated Benefits Institute (IBI).Read more >
Employers Turning to Another Metric for Wellness Programs
When it comes to measuring wellness program success, employers are using measures that calculate value on investment (VOI) as well as return on investment (ROI), according to a new report from the International Foundation of Employee Benefit Plans (IFEBP). What is VOI?Read more >
MOST READ ARTICLES

2020 Recordkeeping Survey
Opinions
How to Tell If You’re Paying Reasonable Fees for Actuarial Services
Compliance
Aon, Alight Win Judgment in Hospital PRT Lawsuit
Economic Events

In the week ending February 6, the advance figure for seasonally adjusted initial claims for unemployment insurance was 269,000, a decrease of 16,000 from the previous week’s unrevised level of 285,000, the Labor Department reported. The four-week moving average was 281,250, a decrease of 3,500 from the previous week’s unrevised average of 284,750.

The average interest rate on a 30-year fixed-rate mortgage is 3.65%, down from 3.72% one week ago, according to Freddie Mac. The average interest rate on a 15-year fixed-rate mortgage is 2.95%, down from 3.01%.
Market Mirror

U.S. stocks fell as concerns about global economic weakness intensified, according to the Associated Press. The Dow fell 254.56 points (1.60%) to 15,660.18, the NASDAQ was down 16.76 points (0.39%) at 4,266.84, and the S&P 500 closed 22.78 points (1.23%) lower at 1,829.08. The Russell 2000 decreased 9.77 points (1.01%) to 953.71, and the Wilshire 5000 lost 231.63 points (1.23%) to finish at 18,622.23.

On the NYSE, 3.1 billion shares changed hands, with declining issues outnumbering advancing issues more than 4 to 1. On the NASDAQ, 2.7 billion shares traded, with a more than 2 to 1 lead for decliners.

The price of the 10-year Treasury note increased 13/32, bringing its yield down to 1.667%. The price of the 30-year Treasury bond decreased 13/32, bringing its yield up to 2.505%.
Compliance
Guidance Proposed for Multiemployer Plan Suspension of Benefits
The Internal Revenue Service (IRS) has proposed suspension of benefit guidance regarding any employer that has withdrawn from a multiemployer plan and entered into a “make-whole” agreement to provide participant benefits.Read more >
MassMutual Sued over Stable Value Fund Fees
A 401(k) plan participant has filed suit against Massachusetts Mutual Life Insurance Company, alleging the firm collects tens of millions of dollars annually in undisclosed compensation due to the way it values the crediting rate for stable value funds offered to 401(a) and 403(b) retirement plans.Read more >
From the Magazine
Regulations Blurring Lines Between DB, Cash Balance and DC
In the province of retirement plans, between the old world occupied by venerable defined benefit (DB) pensions and the new world of defined contribution (DC) arrangements, lies a middle territory, with indistinct borders, staked out by cash balance plans. They sprang up 10 or 15 years ago, when large corporate plan sponsors sought to reduce the high cost and uncertainty of defined benefit plans while retaining some of their better features.Read more >
Investing
Retirement Plans Taking a Second Look at Active Management
Today’s forward-looking institutions are seeking more than “pure beta,” responding to market volatility with a refreshed look at more active investing philosophies.Read more >
Small Talk

ON THIS DATE: In 1870, in the Utah Territory, women gained the right to vote. In 1878, Frederick W. Thayer patented the baseball catcher’s mask. In 1879, the first artificial ice rink opened in North America at Madison Square Garden in New York City. In 1892, in the U.S., President Lincoln’s birthday was declared to be a national holiday. In 1909, the National Association for the Advancement of Colored People (NAACP) was founded. In 1915, the cornerstone of the Lincoln Memorial was laid in Washington, D.C. In 1924, U.S. President Calvin Coolidge made the first presidential political speech on radio. In 2002, Kenneth Lay, former Enron CEO, exercised his constitutional rights and refused to testify to the U.S. Congress about the collapse of Enron.

 

And now it’s time for FRIDAY FILES!
Call it Karma… this road rage instigator was the one who crashed.Read more >
Who is the reporter, who is the criminal?Read more >

In Friendship, Wisconsin, a man who has already had nine DU.I’s was pulled over again and tested. Since he has so many past offenses, his limit is 0.02, and he blew over that limit. According to the Milwaukee Journal-Sentinel, the man insisted he had not been drinking, and said eating be.er-battered fish was the reason for his alco.hol level. Police did not buy that excuse and he was arrested.

In New York City, we’ve all seen people photo bomb live news reports, but one ditz jumped behind a reporter in front of the Brooklyn Supreme Court who was reporting about a police shooting trial and waved a gun behind the reporter. Police are now looking for the man.

In Reston, Virginia, a man with a self-inflicted gunshot wound went to the hospital and went to a door that would not open. So, he pulled out his gun and shot his way in. WTOP reports that hospital personnel were able to convince him to give up his gun, and he was transported to another hospital for treatment.

In San Diego, California, a woman received a haircut at a hair salon, and at first seemed please, even giving a $20 tip. However, she sat in her car with a razor and gave herself a more dramatic cut. She returned to the salon a few hours later to complain about the end result. As she entered the salon, she pulled out a gun and tried to shoot stylists, but the gun didn’t fire. The local ABC news station reports that two people were able to restrain her until police came.

 

Have a wonderful weekend! We are off for the Presidents’ Day holiday Monday, so NewsDash will be back in your inbox Tuesday.
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

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