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.
MOST READ ARTICLES

2021 Plan Sponsor of the Year
Administration
How to Effectively Measure Retirement Plan Success

2020 Recordkeeping Survey
Market Mirror

Thursday, the Dow climbed 225.48 points (1.31%) to 17,416.85, the NASDAQ closed 45.41 points (0.98%) higher at 4,683.41, and the S&P 500 increased 19.09 points (0.95%) to 2,021.25. The Russell 2000 gained 15.07 points (1.28%) to finish at 1,190.18, and the Wilshire 5000 was up 194.03 points (0.92%) at 21,329.59.

On the NYSE, 3.2 billion shares changed hands, and on the NASDAQ, 2.8 billion shares traded, with advancing issues outnumbering declining issues 2 to 1 on both exchanges.

The price of the 10-year Treasury note was down 10/32, bringing its yield up to 1.753%. The price of the 30-year Treasury bond decreased 19/32, increasing its yield to 2.317%.

Compliance
EEOC Says Workers Fired for Turning Age 62
Stack Bros. Mechanical Contractors is charged in a lawsuit with violating federal law by firing two employees when they reached age 62 and by retaliating against one of those employees for resisting the company’s plan to discriminate against her.Read more >
Charter Schools to Be Included in Governmental Plan Regs
The Internal Revenue Service (IRS) has announced that guidance under consideration about governmental retirement plans would provide that employees of a public charter school may participate in a State or local retirement system if certain conditions are satisfied.Read more >
From the Magazine
Barry’s Pickings: Tax Reform in 2015?
It seems like we’ve been talking about some sort of major tax reform for five years: the 2010 Simpson-Bowles Commission; the 2011 Obama-Boehner Grand Bargain; Governor Romney’s ideas during the 2012 election; the proposals in the Obama administration’s last two budgets; and, most recently, a pitch from Republican Representative Dave Camp of Michigan. None of those went anywhere. But here we are—with a new Republican Senate—talking about tax reform, again.Read more >
Small Talk

ON THIS DATE: In 1781, Maryland became the 13th and final state to ratify the Articles of Confederation. In 1882, future President Franklin Delano Roosevelt was born. In 1933, President Paul von Hindenburg named Adolf Hitler, leader of the National Socialist German Workers Party (or Nazi Party), as chancellor of Germany. In 1933, “The Lone Ranger” was heard on radio for the first time. In 1948, Mohandas Karamchand Gandhi, the political and spiritual leader of the Indian independence movement, was assassinated in New Delhi

 

And now it’s time for FRIDAY FILES!

This toddler has Bob Marley’s moves down.Read more >
In Jeddah, Saudi Arabia, a radiology resident at King Abdulaziz University Hospital said a 16-month-old boy’s parents brought him into the hospital suspecting he had swallowed an unknown object, and a round of X-rays were performed. According to UPI, the resident said the object appeared to be a hair pin on a side-view X-ray image, but a front-view image showed the unmistakable form of Nickelodeon star SpongeBob SquarePants. It was a pendant for jewelry which belonged to the boy’s sister. It was removed and the toddler was sent home. You can see SpongeBob grinning in the X-ray.Read more >

In East Bay, California, a Facebook outage this week concerned residents. East Bay 911 dispatchers said five people called 911 to ask when Facebook and Instagram, which also went down, would come back online. The local CBS station reports that one dispatcher said one of the callers called back to complain that it was rude to tell callers it was  not a life-threatening emergency.

In Houston, Texas, a would-be robber climbed onto the roof of a Family Dollar, and managed to break through to ceiling of the store. But then he fell through—landing right in front of a nearby police officer. KHOU reports that the police officer ordered the suspect to stay on the floor, where he was taken into custody.

In Dudinka, Siberia, a water main burst amid a snow storm, and with temperatures dropping to -40C during the night, the water froze solid in the street—up to four feet. We have a picture.Read more >

In Fort Mill, South Carolina, a security officer found an abandoned truck with an 8-month-old baby in it in the parking lot of the Carowinds theme park. Minutes later, a couple returned to the truck. According to the Associated Press, police say the couple broke into the theme park, which was closed for the off-season. The female of the couple told police that God and aliens told them to do it. The couple was arrested on multiple charges and the baby was put into protective custody.

In New Hampshire, the state lottery has released its first scratch-n-sniff “I Heart Bacon” ticket, which features a $1,000 grand prize. To promote the ticket, the New Hampshire Lottery will be driving a “bacon truck,” handing out free applewood smoked bacon samples and tickets at various locations, the Associate Press reports.

Have a wonderful weekend, everyone!
Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more >

News from PLANSPONSOR.com

 

Copyright © Asset International, Inc., 2015.

All rights reserved.  No reproduction without prior authorization.

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

Advertising: advertise@strategic-i.com

Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund