| | Benefits & Administration | | Financial Wellness Programs May Not Be Right for All Companies | | Just over half of employers are familiar with the topics that a financial wellness program should cover, Strategic Benefit Services learned in a survey of employers conducted in February. While they are growing in popularity, financial wellness programs may not be the right fit for all companies, the provider of retirement services to health care and other not-for-profit organizations says. Among employers that do not offer a financial wellness program, reasons cited in a survey were: have not thought about it, need more resources to execute, need to focus on other organization priorities, do not perceive any financial benefits, and do not want to get involved in employees’ personal finances.Read more > | | Focus on Both Financial and Physical Wellness Crucial to Employee Retirement Outcomes | | Mercer suggests smart companies will help employees grow professionally, lead healthier lives and make better financial decisions by leveraging technology to efficiently deliver an enhanced employee experience.Read more > | | Segal Consulting: Change to Actuarial Assumptions Not Reasonable for Multiemployer Plans | | In the first two public hearings held by the Joint Select Committee for the Solvency of Multiemployer Pension Plans, some members raised questions suggesting that one way to reduce the risk associated with multiemployer plans would be to force them to use more conservative actuarial assumptions and to adhere to stricter funding standards—in other words, follow funding rules similar to those in place for single-employer plans, according to Segal Consulting. To determine the impact of such a change, the firm performed a detailed analysis of two national multiemployer plans.Read more > |
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| | June DB Plan Funded Status Virtually the Same as May | | However, firms that track DB funded status report 2% gains for the quarter and up to 6% for the year.Read more > | | | Products, Deals and People | | Employees Often Overlook Value of Equity Compensation | | Discussing the launch of a new UBS equity compensation support program, Michael Barry spoke about the importance of linking equity compensation awards to employees’ broader financial picture.Read more > | | | Sponsored message from Vanguard | The Markets Became Volatile-What Will Your Participants Do About It?
Target-date funds can protect participants from impulsive reactions to market volatility.Read more > | | | Market Mirror | Yesterday, the Dow climbed 320.11 points (1.31%) to 24,776.59, the NASDAQ closed 67.81 points (0.88%) higher at 7,756.20, and the S&P 500 increased 24.35 points (0.88%) to 2,784.17. The Russell 2000 was up 10.55 points (0.62%) at 1,704.60, and the Wilshire 5000 gained 242.42 points (0.84%) to finish at 29,111.71. The price of the 10-year Treasury note decreased 11/32, bringing its yield up to 2.861%. The price of the 30-year Treasury bond fell 24/32, increasing its yield to 2.966%. | | | Compliance | | Stock Drop Lawsuit Tied to Allergan-Actavis Acquisition Dismissed | | The United States District Court for the District of New Jersey has ruled strongly against plaintiffs in a stock drop lawsuit filed by employees of Allergan in the wake of the firm’s acquisition by Actavis. As in other stock drop cases argued post Fifth Third v. Dudenhoeffer, the court found the plaintiffs in the case flatly failed to meet the Supreme Court’s high bar for proving standing.Read more > | | | Small Talk | | ON THIS DATE: In 1679, the British crown claimed New Hampshire as a royal colony. In 1776, the statue of King George III was pulled down in New York City. In 1778, in support of the American Revolution, Louis XVI declared war on England. In 1821, U.S. troops took possession of Florida. The territory was sold by Spain. In 1890, Wyoming became the 44th state to join the United States. In 1913, the highest temperature ever recorded in the U.S. was 134 degrees in Death Valley, California. In 1919, the Treaty of Versailles was hand delivered to the Senate by President Woodrow Wilson. In 1928, George Eastman first demonstrated color motion pictures. In 1929, the U.S. government began issuing paper money in the small size. In 1938, Howard Hughes completed a 91-hour flight around the world. In 1940, the 114-day Battle of Britain began during World War II. In 1951, armistice talks aimed at ending the Korean conflict began at Kaesong. In 1953, American forces withdrew from Pork Chop Hill in Korea after heavy fighting. In 1962, the Telstar Communications satellite was launched. The satellite relayed TV and telephone signals between Europe and the U.S. In 1973, Britain granted the Bahamas their independence after three centuries of British colonial rule. In 1984, Dwight ‘Doc’ Gooden, of the New York Mets, became the youngest player to appear in an All-Star Game as a pitcher. He was 19 years, 7 months, and 24 days old. In 1985, Coca-Cola resumed selling the old formula of Coke, it was renamed “Coca-Cola Classic.” It was also announced that they would continue to sell “New” Coke. In 1997, scientists in London said DNA from a Neanderthal skeleton supported a theory that all humanity descended from an “African Eve” 100,000 to 200,000 years ago. | | TRIVIAL PURSUITS: What is the largest group of mammals?Read more > | | Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
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