Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 20th, 2019
Benefits & Administration
Employers Using Various Means to Control Health Care Costs
The International Foundation of Employee Benefit Plans (IFEBP) took a look at the various ways employers are trying to control health care costs. The most common method is case management services to identify barriers that are preventing workers from getting the best care, used by 71% of employers. “Telemedicine stands out as the fastest-growing health care cost-management technique among employers,” says Julie Stich, associate vice president of content at the International Foundation of Employee Benefit Plans. Read more >
Products, Deals and People
Principal Offers Voice-Activated Financial Wellness
When individuals enable the Principal Flash Briefing and say, “Hey, Alexa, what’s my Flash Briefing?” they’ll hear quick retirement planning and financial tips spoken aloud. At Principal.com/Alexa, people can dive even deeper into Principal’s financial wellness platform, Principal Milestones. Read more >
MOST READ ARTICLES
1
IRS Issues Guidance About Uncashed Retirement Plan Distributions
2
Options for Providing Student Loan Repayment Benefits Increasing
3
Taking a ‘Calculated’ Approach to Retirement Readiness
4
Litigators Share What They Investigate for Filing TDF Lawsuits
5
Government Prosecutors Weigh In on Supreme Court IBM Case
Market Mirror

Tuesday, the Dow climbed 8.07 points (0.03%) to 25,891.32, the NASDAQ was up 14.36 points (0.19%) at 7,486.77, and the S&P 500 increased 4.16 points (0.15%) to 2,779.76. The Russell 2000 closed 5.22 points (0.33%) higher at 1,574.47, and the Wilshire 5000 gained 58.16 points (0.20%) to finish at 28,862.45.

 

The price of the 10-year Treasury note was up 10/32, decreasing its yield to 2.632%. The price of the 30-year Treasury bond was up 10/32, decreasing its yield to 2.979%.

Compliance
Details of Settlement of Franklin Templeton Self-Dealing Lawsuit Revealed
In addition to a more than $13 million payment, Franklin has agreed to select a non-proprietary target-date fund (TDF) for its 401(k) plan’s investment lineup and increase company match contributions for three years. Read more >
Retaliation Claim Against Central States Multiemployer Plan Dismissed
Employees of Kroger say Central States’ plan trustees refused to negotiate a proposal with them after they filed an Employee Retirement Income Security Act (ERISA) fiduciary duty lawsuit, but court documents show the trustees attempted negotiations after the filing of the suit and not before. Read more >
Industry Voices
2019 Retirement Outlook and Investment Insights
Jonathan Barry, MFS Investment Management, discusses key trends retirement plan sponsors may expect to see this year, as well as issues they may face and thoughts about how to address them. Read more >
Small Talk
Today’s job seekers are more confident in their power to bargain over starting salary, suggests new research from global staffing firm Robert Half. More than half of professionals surveyed (55%) tried to negotiate a higher salary with their last employment offer, a 16-point jump from a similar survey released in 2018. A separate survey finds many employers are willing to make a deal with candidates. Read more >

ON THIS DATE: In 1792, President George Washington signed the Postal Service Act that created the U.S. Post Office. In 1809, the U.S. Supreme Court ruled the power of the federal government was greater than that of any individual state. In 1872, Luther Crowell received a patent for a machine that manufactured paper bags. In 1872, the Metropolitan Museum of Art opened in New York City. In 1880, the American Bell Company was incorporated. In 1933, the House of Representatives completed congressional action on the amendment to repeal Prohibition. In 1952, Emmett L. Ashford became the first black umpire in organized baseball. He was authorized to be a substitute in the Southwestern International League. In 1962, John Glenn made space history when he orbited the world three times in 4 hours, 55 minutes. He was the first American to orbit the Earth. He was aboard the Friendship 7 Mercury capsule. In 1998, American Tara Lipinski, at age 15, became the youngest gold medalist in winter Olympics history when she won the ladies’ figure skating title at Nagano, Japan.

 

 

WEDNESDAY WISDOM: “Where is all the knowledge we lost with information?”—T. S. Eliot, poet

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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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