Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 17th, 2016
Benefits & Administration
Cadillac Tax Delay Didn’t Stop Employer Strategies
Anticipating the Cadillac tax, now set to go into effect in 2020, and higher costs for health care, plan sponsors are continuing to make changes to health benefits offerings.Read more >
Older Investors Prefer Advice in Person
Despite the growing popularity of online financial advice delivered via robo-advisers, personal relationships with financial advisers remain important to many investors, Allianz Life Insurance Company found in a survey of Baby Boomers and Generation X. Nearly seven in 10 (69%) from both generations say they “don’t really trust online advice, making personal relationships more important.”Read more >
MOST READ ARTICLES

2025 Best in Class 401(k) Plans
Compliance
Will Supreme Court’s Cornell Decision Cause ‘Avalanche’ of Litigation?
Compliance
Jury’s Decision in Pentegra MEP Case Raises Questions About Service Provider Selection
While traditional plans still dominate the health care benefits mix, the promise of big bottom line savings has recently led more and more employers to introduce high-deductible health plans (HDHPs) as an alternative, data from Benefitfocus shows. However, the firm also found that options to help reduce the financial risk of HDHPs to employees are not being utilized.Read more >
Non-Financial Factors Affecting Retirement Decisions
“How Do Non-Financial Factors Affect Retirement Decisions,” the latest Issue Brief from the Center for Retirement Research at Boston College (CRR), finds that a positive workplace experience is a critical component in the decision of workers ages 65 and over to remain in the labor force. The CRR based its analysis on a long series of studies conducted by the Social Security Administration’s Retirement Research Consortium. These reports, CRR explains, “examine how two types of non-financial factors affect retirement decisions: the worker’s on-the-job experience and the allure of retirement activities.”Read more >
Market Mirror

Stocks closed higher Tuesday led by gains in retail and industrial companies, according to the Associated Press. The Dow gained 222.57 points (1.39%) to finish at 16,196.41, the NASDAQ closed 98.44 points (2.27%) higher at 4,435.96, and the S&P 500 was up 30.63 points (1.64%) at 1,895.41. The Russell 2000 increased 23.81 points (2.45%) to 995.80, and the Wilshire 5000 climbed 328.55 points (1.73%) to 19,312.92.

On the NYSE, 3.1 billion shares changed hands, with advancing issues outnumbering declining issues more than 4 to 1. On the NASDAQ, 2.7 billion shares traded, with a more than 3 to 1 lead for advancers.

The price of the 10-year Treasury note decreased 10/32, bringing its yield up to 1.781%. The price of the 30-year Treasury bond fell 1 2/32, increasing its yield to 2.654%.
Compliance
Case About Reducing Hours Due to ACA Moves Forward
The U.S. District Court for the Southern District of New York has denied a motion to dismiss a lawsuit filed by an employee of Dave & Buster’s Inc. in New York City. The lawsuit claims the company violated the Employee Retirement Income Security Act (ERISA) Section 510 interference of benefits provisions when it reduced full-time employees’ hours following passage of the Patient Protection and Affordable Care Act (ACA).Read more >
From the Magazine
Just out of Reish: Quirky Quotes
Sometimes we say things we wish we hadn’t. It’s especially embarrassing when the statement is in print, preserved for posterity. This month, we good-naturedly poke fun at a few that appeared in preambles to proposed government guidance. For balance, we selected one preamble from the private sector and one from the Department of Labor (DOL).Read more >
Small Talk
When asked how often they come in late to work, one in four workers admitted they do it at least once a month, and 13% say it’s a weekly occurrence for them, according to an annual CareerBuilder survey. In general, the usual suspects are to blame for why employees are late to work: Traffic (53%), oversleeping (33%), bad weather (28%), lack of sleep (23%) and needing to get kids to daycare or school (15%). But, there were also some odd excuses. One person told his or her employer, “I thought of quitting today, but then decided not to, so I came in late.”Read more >

ON THIS DATE: In 1801, the U.S. House of Representatives broke an electoral tie between Thomas Jefferson and Aaron Burr. Jefferson was elected president and Burr became vice president. In 1817, the first gas-lit streetlights appeared on the streets of Baltimore, Maryland. In 1865, Columbia, South Carolina, burned. The Confederates were evacuating and the Union Forces were moving in. In 1876, Julius Wolff was credited with being the first to can sardines. In 1933, “Newsweek” was first published. In 1934, the first high school automobile driver’s education course was introduced in State College, Pennsylvania. In 1964, the U.S. Supreme Court ruled that congressional districts within each state had to be approximately equal in population. (Westberry v. Sanders) In 1965, comedienne Joan Rivers made her first guest appearances on “The Tonight Show starring Johnny Carson” on NBC-TV. In 1996, world chess champion Garry Kasparov beat the IBM supercomputer “Deep Blue” in Philadelphia, Pennsylvania. In 2005, U.S. President George W. Bush named John Negroponte as the first national intelligence director.

 

WEDNESDAY WISDOM: “Ethics is knowing the difference between what you have a right to do and what is right to do.”—Potter Stewart, former associate justice of the U.S. Supreme Court
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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