Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 21st, 2019

DC Plan Averages Don’t Tell the Whole Story

It’s important to know how different employee groups are benefitting from a defined contribution (DC) plan so unique issues can be addressed. Read more >
Compliance
U.S. Supreme Court Denies USC Petition to Review Motion to Compel Arbitration
The denial leaves in place an appellate court’s decision that claims in a lawsuit against the University of Southern California fell outside the scope of arbitration agreements signed by plaintiffs in the case, so the lawsuit over two of the university’s retirement plans may proceed. Read more >
DOL’s Next Fiduciary Responsibilities Seminar Heading to Portland
The Department of Labor (DOL) Employee Benefits Security Administration’s (EBSA)’s next “Getting It Right—Know Your Fiduciary Responsibilities” seminar will be held in Portland, Oregon, on April 10. It is designed to increase plan sponsors’ and advisers’ awareness and understanding about basic fiduciary responsibilities when operating a retirement plan. In addition, the agency is holding a three-day webcast series in March. 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
Benefits & Administration
Employers Using Evolving Health Care Strategies Cut Costs Significantly
“Best-performing” companies boast a $3,548 per employee per year (PEPY) health care cost advantage compared with high-cost companies, according to the 23rd annual Best Practices in Health Care Employer Survey by Willis Towers Watson. Willis Towers Watson highlights five ways best-performing companies are optimizing the value of their health care plan that all employers can put to use. Read more >
Market Mirror

Wednesday, the Dow closed 63.12 points (0.24%) higher at 25,954.44, the NASDAQ was up 2.30 points (0.03%) at 7,489.07, and the S&P 500 increased 4.94 points (0.18%) to 2,784.70. The Russell 2000 gained 7.19 points (0.46%) to finish at 1,581.66, and the Wilshire 5000 was up 43.08 points (0.15%) at 28,905.51.

 

The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.642%. The price of the 30-year Treasury bond decreased 9/32, bringing its yield up to 2.993%.

From the Magazine
Fragmented Savings
Based on well-known participant savings rates, many plan sponsors have been concerned that their employees will be unable to retire as planned—and that their working longer could cost upward of $50,000 per person, as recent data from MassMutual has found. But the reality may be quite different than what plan sponsors expect. Read more >
Small Talk

ON THIS DATE: In 1842, John J. Greenough patented the sewing machine. In 1848, The Communist Manifesto was published by Karl Marx and Friedrich Engels. In 1866, Lucy B. Hobbs became the first woman to graduate from a dental school—the Ohio College of Dental Surgery in Cincinnati. In 1878, the first telephone directories issued in the U.S. were distributed to residents in New Haven, Connecticut. It was a single page of only fifty names. In 1925, the first issue of “The New Yorker” was published. In 1947, Edwin Land demonstrated the Polaroid Land Camera to the Optical Society of America in New York City. It was the first camera to take, develop and print a picture on photo paper all in about 60 seconds. The photos were black and white. The camera went on sale the following year. In 1965, Malcolm X was assassinated in New York City at the age of 39. In 1968, an agreement between baseball players and club owners increased the minimum salary for major league players to $10,000 a year. In 1975, former U.S. Attorney General John N. Mitchell and former White House aides H.R. Haldeman and John D. Ehrlichman were sentenced to 2 1/2 to 8 years in prison for their roles in the Watergate cover-up.

SURVEY SAYS: Some people do everything on their cell phones, from browsing the Internet to watching television to setting up appointments, and more. This week, I’d like to know, how much would someone have to pay you to convince you to give up your cell phone for one week? You may reply to this week’s survey by 6 p.m. Pacific time today. Read more >
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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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