Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 30th, 2018
2018 Plan Sponsor of the Year Finalists
PLANSPONSOR is pleased this week to announce finalists for the 2018 Plan Sponsor of the Year. This year we will be awarding finalists in nine categories. We start today with our 2018 Plan Sponsor of the Year finalists in the Corporate 401(k) <$10MM category. More finalists will be announced in coming days. (Please note that in order to view the finalists, you must be a registered user of PLANSPONSOR.com—it’s free and takes just a minute to complete.) Read more >
Benefits & Administration
Study Offers Suggestions for Improving Americans’ Retirement Confidence
It appears that employers can play an integral role in helping people plan better for retirement, Mercer says, since 79% of people say they trust their employers to give sound, independent advice on planning, saving and investing. “Eighty-six percent of employees say that if their employer improved benefits or added access to an investment plan, it would have a positive impact on them at work, resulting in higher job satisfaction and greater commitment to the organization,” Mercer says. Eighty-five percent of respondents said they would like to be offered easy-to-use online financial tools. This jumps to 93% for Millennials. Mercer suggests things the government can do. Read more >
Products, Deals and People
Transamerica Creates Team Just for Benefits Sponsored by Health Care Employers
The team will focus on retirement and voluntary benefits for larger health care employers. Read more >
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Adidas Sued Over Excessive Fees for 401(k) Participants
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Yale Sued Over Wellness Program ‘Penalty’
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Employees in Two States Miss Out on One HSA Benefit
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Some Help for Women’s Retirement Savings Gap May Be Coming
TD Ameritrade and FeeX Partner on DC Plan Fee Analyzer
Participants in 401(k), 403(b) or other defined contribution (DC) plans can compare administration and individual mutual fund fees to fees in an individual retirement account (IRA). Read more >
Market Mirror

Yesterday, the Dow lost 177.23 points (0.67%) to finish at 26,439.48, the NASDAQ closed 39.27 points (0.52%) lower at 7,466.51, and the S&P 500 decreased 19.34 points (0.67%) to 2,853.53. The Russell 2000 was down 9.95 points (0.62%) at 1,598.11, and the Wilshire 5000 fell 209.51 points (0.70%) to 29,551.09.

 

The price of the 10-year Treasury note was down 9/32, increasing its yield to 2.695%. The price of the 30-year Treasury bond decreased 21/32, bringing its yield up to 2.947%.

Compliance
Request to Appeal Class Certification Denied in Franklin Templeton Suit
The firm’s lawyers noted that the plaintiff signed an agreement not to pursue any class action claims, but a Supreme Court case allowed him to pursue a claim on behalf of himself. Read more >
Small Talk

ON THIS DATE: In 1844, Richard Theodore Greener became the first African American to graduate from Harvard University. In 1847, the town of Yerba Buena was renamed San Francisco. In 1862, the U.S. Navy’s first ironclad warship, the Monitor, was launched. In 1933, “The Lone Ranger” was heard on radio for the first time. The program ran for 2,956 episodes and ended in 1955. In 1933, Adolf Hitler was named the German Chancellor. In 1948, Indian political and spiritual leader Mahatma Gandhi was murdered by a Hindu extremist. In 1958, the first two-way moving sidewalk was put in service at Love Field in Dallas, Texas. The length of the walkway through the airport was 1,435 feet. In 1968, the Tet Offensive began as Communist forces launched surprise attacks against South Vietnamese provincial capitals. In 1994, Peter Leko became the world’s youngest-ever grand master in chess. In 1995, researchers from the U.S. National Institutes of Health announced that clinical trials had demonstrated the effectiveness of the first preventative treatment for sickle cell anemia.

TRIVIAL PURSUITS: Which British group started the so-called “British Invasion?” 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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