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| Products, Deals and People | |
| Mercer Health Advantage Aims to Drive Down Employer Health Benefit Costs | |
| Companies using Mercer Health Advantage experienced qualified participant engagement as high as 65.2% and high-cost claimant engagement up to 78%. “Employers can help workers most at risk better manage their care—and save an average $430 annually per employee,” Mercer says. Read more > | |
| Market Mirror | |
Yesterday, the Dow increased 55.53 points (0.22%) to 25,119.89, the NASDAQ closed 49.40 points (0.63%) higher at 7,855.12, and the S&P 500 was up 11.12 points (0.40%) at 2,809.55. The Russell 2000 gained 8.72 points (0.52%) to finish at 1,687.26, and the Wilshire 5000 increased 116.81 points (0.40%) to 29,340.41. The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.863%. The price of the 30-year Treasury bond decreased 6/32, bringing its yield up to 2.971%. | |
| Sponsored message from Wells Fargo | |
| Moving From Inertia to Income: Insights Into Delivering Successful Retirement Outcomes New research: Actions you can take to help meet the changing retirement income needs of your clients. Read more > | |
| Compliance | |
| Rainbow ESOP Lawsuit Easily Clears Early Motions | |
| The lawsuit alleges a long and complicated series of alleged bad-faith dealings made by the executive leadership of Rainbow Disposal, through which they funded the creation of new companies and otherwise redirected employee stock ownership plan (ESOP) assets. Read more > | |
| Brown University 403(b) Plans Suit Moves Forward | |
| A federal judge denied dismissal of plaintiffs’ allegations that a prudent fiduciary would have chosen one—rather than two—recordkeepers; that a prudent fiduciary in like circumstances would have solicited competitive bids; and a claim regarding recordkeeping fees. Read more > | |
| Investing | |
| Just One Above-Normal Trading Day in 401(k)s in June | |
| According to the Alight Solutions 401(k) Index, year-to-date there have been 29 days with above-normal trading activity, suggesting that the month of June brought back a bit of a sense of tranquility for investors after a difficult start to the year. Read more > | |
| Small Talk | |
| The summer months often present unique issues for employers when it comes to dress codes, social events, and hygiene, among other things, says a new XpertHR report on summer workplace issues. The firm offers recommendations for dealing with these issues. Read more > | |
ON THIS DATE: In 0064, the Great Fire of Rome began. In 1536, the authority of the pope was declared void in England. In 1927, Ty Cobb set a major league baseball record by getting his 4,000th career hit. He hit 4,191 before he retired in 1928. In 1932, the U.S. and Canada signed a treaty to develop the St. Lawrence Seaway. In 1936, the first Oscar Meyer Wienermobile rolled out of General Body Company’s factory in Chicago. In 1947, President Harry Truman signed the Presidential Succession Act, which placed the Speaker of the House and the Senate President Pro Tempore next in the line of succession after the vice president. In 1971, New Zealand and Australia announced they would pull their troops out of Vietnam. In 1985, Jack Nicklaus II, at age 23, made his playing debut on the pro golf tour at the Quad Cities Open in Coal Valley, Illinois. In 2015, the Ebay spin-off of PayPal into a separate publicly traded company was completed.
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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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