Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 8th, 2019
Compliance
ConAgra Brands Faces ERISA Suit Over Interpretation of Plan Document
A participant in ConAgra Brands’ retirement plan has filed an Employee Retirement Income Security Act (ERISA) lawsuit against the company, alleging the firm is failing to adhere to the definitions of compensation and permissible contribution stated in plan documents.Read more >
IRS Adds ‘Other Circumstances’ to Instances for Which Determination Letter Requests Can Be Made
Previously, the IRS said a plan can request a determination letter only if it has never received a letter before; the plan is terminating; or the IRS makes a special exception.Read more >
2019 Contribution/Benefit Limits Updated for Puerto Rico Employers
The Puerto Rico Department of the Treasury has published its 2019 limits on qualified retirement plan contributions and benefits.Read more >
MOST READ ARTICLES

2024 Plan Sponsor of the Year
Benefits
BlackRock CEO Says Concept of Retirement has to Change
Administration
Ascensus Adding $3.9B to Recordkeeping Assets with Acquisition
Sponsored message from John Hancock Retirement Plan Services
Connecting wealth to health in the wellness equation
Financial wellness is a bit of a conundrum. Its roots are in a person’s wallet, but when things go wrong, it can impact their health. As a result, employee benefit programs that don’t include a financial component may not be addressing a critical impediment to wellness.Read more >
Market Mirror

Yesterday, the Dow gained 98.19 points (0.42%) to finish at 23,531.35, the NASDAQ closed 84.61 points (1.26%) higher at 6,823.47, and the S&P 500 was up 17.75 points (0.70%) at 2,549.69. The Russell 2000 increased 24.63 points (1.78%) to 1,405.37, and the Wilshire 5000 climbed 250.60 points (0.96%) to 26,331.39.

 

The price of the 10-year Treasury note decreased 7/32, bringing its yield up to 2.694%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.989%.
Benefits & Administration
So You Want to Offer a Student Loan Repayment Benefit
In an Issue Brief published by the Employee Benefit Research Institute (EBRI), Neil Lloyd, partner and head of DC & financial wellness research at Mercer, explains choices plan sponsors have for offering student loan repayment benefits.Read more >
Employers Developing Strategies to Manage Employee Retirement Timing
Employers have a dual concern about losing skilled workers and increasing benefit costs from employees who retire too late.Read more >
Small Talk
ON THIS DATE: In 1642, astronomer Galileo Galilei died in Arcetri, Italy. In 1675, the first corporation was chartered in the United States. The company was the New York Fishing Company. In 1790, President George Washington delivered the first State of the Union address. In 1815, the Battle of New Orleans began. The War of 1812 had officially ended on December 24, 1814, with the signing of the Treaty of Ghent. The news of the signing had not reached British troops in time to prevent their attack on New Orleans. In 1838, Alfred Vail demonstrated a telegraph code he had devised using dots and dashes as letters. The code was the predecessor to Samuel Morse’s code. In 1853, a bronze statue of Andrew Jackson on a horse was unveiled in Lafayette Park in Washington, D.C. In 1889, the tabulating machine was patented by Dr. Herman Hollerith. His firm, Tabulating Machine Company, later became International Business Machines Corporation (IBM). In 1918, President Woodrow Wilson announced his Fourteen Points as the basis for peace upon the end of World War I. In 1957, Jackie Robinson announced his retirement from major league baseball. In 1958, Bobby Fisher, at the age of 14, won the United States Chess Championship for the first time. In 1973, secret peace talks between the United States and North Vietnam resumed near Paris, France. In 1973, the trial opened against seven men accused of bugging Democratic Party headquarters in the Watergate apartment complex in Washington, D.C. In 1997, Mister Rogers received a star on the Hollywood Walk of Fame. In 1998, Ramzi Yousef was sentenced to life in prison for his role of mastermind behind the World Trade Center bombing in New York. In 2009, in Egypt, archeologists entered a 4,300 year old pyramid and discovered the mummy of Queen Sesheshet.
TRIVIAL PURSUITS: Why do radio and television station call letters start with ‘K’ west of the Mississippi?Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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