Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 30th, 2015
Plan Sponsor of the Year Finalists
Plan Sponsor of the Year Finalists: More Categories
Each year, the editors of PLANSPONSOR recognize a number of plan sponsors that demonstrate leadership in providing a more secure retirement for workers. Today, PLANSPONSOR is pleased to announce the finalists for the 2015 PLANSPONSOR Plan Sponsor of the Year award in the Public DC and Public DB categories, as well as a new category this year.Read more >
Benefits & Administration
Few Employees Contribute Maximum Amount to HSAs
New research by the Employee Benefit Research Institute (EBRI) finds that about 15% of health savings account (HSA) owners contributed the maximum amount possible in 2013. Older accounts were more likely than those opened more recently to have received the maximum contribution. The study showed that HSA owners who do not receive an employer match to their health account are more likely to contribute the maximum amount, compared with those who do get a match.Read more >
Products, Deals & People
QBI, LLC, a provider of administration and consulting services for qualified retirement plans, has announced its acquisition of Strategic Pension Services, Inc. (SPS) of Irvine, California. SPS adds its expertise in the design, implementation, administration and compliance of 401(k), profit sharing, 403(b) and other defined contribution retirement plans to QBI’s organization of more than 75 professionals.Read more >
Economic Events
In the week ending January 24, the advance figure for seasonally adjusted initial claims for unemployment insurance was 265,000, a decrease of 43,000 from the previous week’s revised level. The four-week moving average was 298,500, a decrease of 8,250 from the previous week’s revised average.
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