Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 20th, 2016
Benefits & Administration
Financial Finesse, in its annual Financial Stress Research study, found that many workers are experiencing such stress and that it is having debilitating effects on their lives, including their work. The primary factor that determines a person’s financial stress level is cash management, and Financial Finesse found this skill varies widely among individuals.Read more >
Participants Need Help Understanding a Variety of Financial Topics
Retirement plan participants are in the dark on a wide range of financial topics—whether it is how compounding works, the consequences of taking out a loan from a 401(k), how Social Security benefits are taxed, or student loan debt, a survey finds.Read more >
MOST READ ARTICLES
1
2021 Health Savings Account Survey
2
Health Care Costs in Retirement Remain a Top Stressor
3
2020 Recordkeeping Survey
4
SECURE Act 2.0 Passed Unanimously by Ways and Means Committee
5
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Many Countries Do Better Than U.S. on Retirement Issues
In contrast to factors boosting the U.S. ranking, the country also has one of the highest levels of income inequality among developed nations—challenging the retirement planning effort at a national level.Read more >
Ask the Experts
Is a Financial Audit a Good Idea for a Non-ERISA Plan?
A governmental 403(b) and 457(b) plan sponsor attending the non-ERISA 403(b) Update panel at the 2016 PLANSPONSOR National Conference asked, “We realize we’re not subject to the annual 5500 reporting requirement, as well as the related annual audit requirement; however, our plans are quite large, and our recordkeeper opined that it might be a ‘good idea’ for us to complete a plan audit. What say the Experts?”Read more >
Sponsored message from OneAmerica
Retirement Attitudes and Behaviors: OneAmerica Participant Survey.
Participant Insights: OneAmerica research reveals how plan participants prepare for and think about retirement.Read more >
Economic Events
Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,147,000, the Census Bureau reported. This is 12.3% above the revised May estimate of 1,021,000 and is 18.7% above the June 2015 rate of 966,000. Single-family housing completions in June were at a rate of 752,000; this is 3.7% above the revised May rate of 725,000. The June rate for units in buildings with five units or more was 386,000.
Market Mirror

Yesterday, the Dow was up 25.96 points (0.14%) at 18,559.01, the NASDAQ closed 19.41 points (0.38%) lower at 5,036.37, and the S&P 500 was down 4.27 points (0.20%) at 2,162.62. The Russell 2000 decreased 7.46 points (0.62%) to 1,200.44, and the Wilshire 5000 lost 38.79 points (0.17%) to finish at 22,402.40.                                    

On the NYSE, 3.1 billion shares traded, with 1.4 declining issues for every advancing issue. On the NASDAQ, 2.7 billion shares changed hands with a 1.8 to 1 ratio of decliners to advancers.

The price of the 10-year Treasury note was up 9/32, decreasing its yield to 1.556%. The price of the 30-year Treasury bond increased 17/32, bringing its yield down to 2.273%.
Compliance
Participants in Bankrupt Company’s ESOP Can’t Offload Shares
Chief Judge Joseph H. McKinley, Jr. of the U.S. District Court for the Western District of Kentucky affirmed a bankruptcy court’s decision that participants in the employee stock ownership plan (ESOP) of bankrupt Conco, Inc. cannot sell their shares until January 1, 2019, according to the company’s reorganization plan.Read more >
Senators Introduce Resolutions to Block Wellness Program Rules
Members of the Senate’s Health and Labor committee introduced two resolutions to block the Equal Employment Opportunity Commission (EEOC) from moving forward with its final wellness program rules.Read more >
Investing
There is an increasing amount of evidence to show environmental, social, and governance (ESG) practices of publically traded companies correlate directly with other astute business procedures—supporting positive financial performance.Read more >
Small Talk
According to a new CareerBuilder survey, three in 10 employers and 17% of employees have argued with a co-worker over a particular candidate this election season, most often about presumptive Republican nominee Donald Trump. Management is more likely than employees to argue about candidates.Read more >

ON THIS DATE: In 1861, the Congress of the Confederate States began holding sessions in Richmond, Virginia. In 1881, Sioux Indian leader Sitting Bull, a fugitive since the Battle of the Little Big Horn, surrendered to federal troops. In 1917, the draft lottery in World War I went into operation. In 1944, U.S. President Franklin D. Roosevelt was nominated for an unprecedented fourth term of office at the Democratic National Convention in Chicago. In 1969, Apollo 11 astronauts Neil Armstrong and Edwin E. Aldrin, Jr. became the first men to walk on the moon. In 1976, America’s Viking I robot spacecraft made a successful landing on Mars.

 

WEDNESDAY WISDOM: “I praise loudly. I blame softly.”—Catherine the Great
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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