Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 31st, 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. Today we announce our 2018 Plan Sponsor of the Year finalists in the Corporate 401(k) >$10MM to $50MM category, >$50MM to $100MM category and >$100MM to $800MM 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—it’s free and takes just a minute to complete.)Read more >
Benefits & Administration
HDHPs Appeal to Millennials and Higher-Income Employees
There is a continued shift toward consumer-directed health care, with the rate of employers offering at least one high-deductible health plan (HDHP) increasing more than 20% since 2016, according to Benefitfocus’ third annual “State of Employee Benefits” report. According to the report, there is mounting evidence that HDHPs are more appealing to employees with higher incomes, and Millennials selected HDHPs at more than twice the rate of the most senior members of the workforce. The analysis also finds Millennials were especially eager to adopt health savings accounts (HSAs), nearly doubling their HSA participation from 2017.Read more >
Products, Deals and People
Partnership Strives to Encourage Health Care Consumerism
Risk Strategies’ partnership with DirectPath will help employers save on health care by educating their employees on the complex health care landscape and empowering them to make better, more informed decisions about their care.Read more >
EARN Act Clears Senate Finance Committee
2021 Recordkeeping Survey
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
John Hancock Creates Financial Wellness Tool
After its Financial Stress Survey found that 66% of respondents suffering moderate to extreme stress blamed it on their finances, John Hancock Retirement Plan Services created a new financial wellness tool to de-stress and engage plan participants. The Financial Wellness Assessment—which, according to John Hancock, will be free to all of its plans—provides tips on budgeting, debt management, saving, investing and other areas of personal finance that can be stressful.Read more >
Economic Events
The Conference Board Consumer Confidence Index increased in January, following a decline in December. The Index now stands at 125.4 (1985=100), up from 123.1 in December. The Present Situation Index decreased slightly, from 156.5 to 155.3, while the Expectations Index increased from 100.8 last month to 105.5 this month.
Market Mirror

Tuesday, the Dow fell 362.59 points (1.37%) to 26,076.89, the NASDAQ closed 64.02 points (0.86%) lower at 7,402.48, and the S&P 500 decreased 31.10 points (1.09%) to 2,822.43. The Russell 2000 was down 15.29 points (0.96%) at 1,582.82, and the Wilshire 5000 lost 296.25 points (1.00%) to finish at 29,254.84.


The price of the 10-year Treasury note was down 6/32, increasing its yield to 2.716%. The price of the 30-year Treasury bond decreased 17/32, bringing its yield up to 2.971%.
Self-Dealing Suit Filed Against Mutual of Omaha
The complaint alleges fiduciaries of Mutual of Omaha’s 401(k) plan violated their fiduciary duties by selecting numerous investment options because they paid fees to Mutual of Omaha or its subsidiaries.Read more >
Supreme Court Asked to Weigh In on Two Claims Regarding Denial of Benefits
A beneficiary of a deceased pension plan participant has filed both a fiduciary violation claim and a claim for benefits, which she argues present distinct injuries and should both be considered.Read more >
Ask the Experts
Record Retention for Non-ERISA 403(b)s
“I read in an Ask the Experts column that the Employee Retirement Income Security Act (ERISA) requires plan sponsors to retain plan documentation for at least six years, and, in many cases, much longer than that. But I work for a church plan sponsor whose plans are not subject to ERISA. Is it best practice for me to follow the ERISA standards for record retention as well, even though our plans are not subject to ERISA?”Read more >
Small Talk
Seventy-two percent of HR managers say the day after the professional football championship game should be a paid national holiday from work, a survey from OfficeTeam finds. Challenger, Gray & Christmas, Inc. suggests, “Having a planned, nationwide holiday would likely be less disruptive to operations than large numbers of unplanned absences.”Read more >

ON THIS DATE: In 1865, General Robert E. Lee was named general-in-chief of the Confederate armies. I In 1865, the 13th Amendment to the U.S. Constitution was passed by the U.S. House of Representatives. The amendment abolished slavery in the United States. In 1876, all Native American Indians were ordered to move into reservations. In 1893, the trademark “Coca-Cola” was first registered in the United States Patent Office. In 1940, the first Social Security check was issued by the U.S. Government. In 1944, during World War II, U.S. forces invaded Kwajalein Atoll and other areas of the Japanese-held Marshall Islands. In 1949, the first TV daytime soap opera was broadcast from NBC’s station in Chicago. It was “These Are My Children.” In 1950, U.S. President Harry Truman announced that he had ordered development of the hydrogen bomb. In 1958, Explorer I was put into orbit around the earth. It was the first U.S. earth satellite. In 1990, McDonald’s Corp. opened its first fast-food restaurant in Moscow, Russia. In 2005, Keanu Reeves received a star on the Hollywood Walk of Fame.



WEDNESDAY WISDOM: “In three words I can sum up everything I’ve learned about life: it goes on.”—Robert Frost, American poet
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Editorial: Alison Cooke Mintzer


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