Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 26th, 2017
2017 Plan Sponsor of the Year Finalists
More Plan Sponsor of the Year Finalists Announced
PLANSPONSOR is pleased to announce finalists for 2017 Plan Sponsor of the Year in two categories. The last of the finalists will be announced tomorrow. 
Announcing 2017 Plan Sponsor of the Year finalists in the Corporate 401(k) >$1B category. Read more >
Announcing 2017 Plan Sponsor of the Year finalists in the Public DC category. Read more >
Benefits & Administration
Report Offers Framework for Plan Sponsors to Address Cybersecurity
A 2016 ERISA Advisory Council report includes an appendix titled “Employee Benefit Plans:  Considerations for Navigating Cybersecurity Risks.” Read more >
IRS Updates Life Expectancy Tables for Retirees
Recent TDF Performance Lawsuits Raise Insurer Ire
Ask the Experts
Should Each Recordkeeper Use Its Own Plan Document?
ERISA Advisory Council Backs Auto-Portability Initiatives
The Council recommended that the DOL issue an RFI to explore how it can encourage and support the adoption of a system to facilitate acceptance and expedite processing of eligible rollovers into retirement plans covered by ERISA. Read more >
Products, Deals and People
LifeLock is offering identity theft and fraud protection as an employee benefit. LifeLock Benefit Elite monitors 401(k) accounts and other investment accounts to detect potential fraud before bringing it to the attention of participants via email, text or phone. Read more >
Sponsored message from fi360
Find Your Fiduciary with fi360   53% of NAPA’s 2016 Top Women Advisors have received training from fi360 Congratulations to all of the honorees from your friends at fi360! Find Your Fiduciary! Read more >
Market Mirror

Wednesday, the Dow gained 155.80 points (0.78%) to finish at 20,068.51, the NASDAQ closed 55.38 points (0.99%) higher at 5,656.34, and the S&P 500 increased 18.30 points (0.80%) to 2,298.37. The Russell 2000 was up 13.22 points (0.97%) at 1,382.43, and the Wilshire 5000 climbed 190.98 points (0.80%) to 24,070.28.

On the NYSE, 3.1 billion shares traded, with advancing issues outnumbering declining issues nearly 2 to 1. On the NASDAQ, 2.9 billion shares changed hands, with a more than 2 to 1 lead for advancers.

The price of the 10-year Treasury note was down 14/32, increasing its yield to 2.517%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 3.102%. 

Fiduciary Ordered to Give Up Cars to Restore Plan Losses
An employee stock ownership plan (ESOP) fiduciary has been ordered to transfer title to three vehicles to restore plan losses based on the Department of Labor’s (DOL)’s win in a lawsuit. A federal court found that no amount of judgements from previous decisions had been satisfied. Read more >
Legislators Introduce Bill to Repeal ACA Cadillac Tax
U.S. Representative Mike Kelly (R-Pennsylvania)—a member of the House Ways and Means Committee—introduce H.R. 173, the Middle Class Health Benefits Tax Repeal Act of 2017, which will repeal the so-called ‘Cadillac Tax’ provision within the Affordable Care Act (ACA). With President Trump’s “repeal and replace” agenda and the fact that The Consolidated Appropriations Act, 2016, included a two-year delay of the 40% excise tax on high-cost health plans, it remains to be seen if this action will move quickly through Congress. Read more >
Small Talk

ON THIS DATE: In 1784, in a letter to his daughter, Benjamin Franklin expressed unhappiness over the eagle as the symbol of America. He wanted the symbol to be the turkey. In 1802, the U.S. Congress passed an act calling for a library to be established within the U.S. Capitol. In 1837, Michigan became the 26th state to join the United States. In 1861, in the U.S., Louisiana seceded from the Union. In 1870, the state of Virginia rejoined the Union. In 1875, George F. Green patented the electric dental drill for sawing, filing, dressing and polishing teeth. In 1911, inventor Glenn H. Curtiss flew the first successful seaplane. In 1934, The Apollo Theatre opened in New York City. In 1961, U.S. President John F. Kennedy appointed Dr. Janet G. Travell as the first woman to be the “personal physician to the President.” In 1992, Russian president Boris Yeltsin announced that his country would stop targeting U.S. cities with nuclear weapons. 

SURVEY SAYS: So, my team did not make it to the Super Bowl again this year. However, there is one team in the game I will be rooting for to win. This week, I’d like to know, are you a fan of the Atlanta Falcons or are you pulling for the New England Patriots to win Super Bowl LI (51)? You may respond to this week’s survey by 6 p.m. Pacific time today.Read more >
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Editorial: Alison Cooke Mintzer


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