Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 24th, 2019
HSA Conference
Franklin Templeton research has found those who have a health savings account (HSA) are more certain about how they will cover future health care costs. The PLANSPONSOR HSA Conference will be held this year in Chicago, October 3. The event is designed to educate plan sponsors that currently offer, or are considering offering, these accounts. It’s also a great opportunity for advisers who want to get up to speed on this fast-growing benefit option. Read more >
Benefits & Administration
Offering Advisers to Participants Can Improve Financial Outlook
People who work with an adviser are more likely to say they have clarity on balancing spending and saving for later and have a financial plan built to endure market ups and downs than people who do not work with an adviser, a study shows. Read more >
MOST READ ARTICLES
1
IRS Issues Guidance About Uncashed Retirement Plan Distributions
2
Options for Providing Student Loan Repayment Benefits Increasing
3
Taking a ‘Calculated’ Approach to Retirement Readiness
4
Litigators Share What They Investigate for Filing TDF Lawsuits
5
Government Prosecutors Weigh In on Supreme Court IBM Case
Interest Rates Affect Timing for PRT Annuity Purchases
Mark Unhoch, with October Three, explains why annuity costs for pension risk transfers (PRTs) are greater when interest rates are lower. Read more >
Economic Events

Existing-home sales weakened in June, as total sales saw a small decline after a previous month of gains, according to the National Association of Realtors. While two of the four major U.S. regions recorded minor sales jumps, the other two—the South and the West—experienced greater declines last month. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June. Sales as a whole are down 2.2% from a year ago (5.39 million in June 2018).

Market Mirror

Tuesday, the Dow gained 177.29 points (0.65%) to finish at 27,349.19, the NASDAQ closed 47.27 points (0.58%) higher at 8,251.40, and the S&P 500 climbed 20.44 points (0.68%) to 3,005.47. The Russell 2000 was up 10.18 points (0.66%) at 1,554.96, and the Wilshire 5000 gained 200.90 points (0.65%) to close at 30,888.60.

 

The price of the 10-year Treasury note decreased 3/32, bringing its yield up to 2.077%. The price of the 30-year Treasury bond was down 31/32, increasing its yield to 2.618%.

Compliance
Lawsuit Says Money Market Fund Was Like ‘Stuffing Cash Into a Mattress’
BBVA Compass Bancshares is accused of failing to monitor investments and remove imprudent ones. Read more >
Ask the Experts
Including Rollover Balances for Auto Cashouts
“Our plan automatically cashes out small balances under $5,000, with rollovers to an IRA for balances between $1,000 and $5,000. We recently had a participant terminate employment with a $3,000 account balance, but an additional $15,000 in rollover assets. Should we automatically cash out her account balance, or not?” Read more >
Small Talk

ON THIS DATE: In 1866, Tennessee became the first state to be readmitted to the Union after the U.S. Civil War. In 1948, Soviet occupation forces in Germany blockaded West Berlin. In 1956, Dean Martin and Jerry Lewis ended their partnership a decade after it began on July 25, 1946. In 1969, the Apollo 11 astronauts splashed down safely in the Pacific Ocean. In 1987, Hulda Crooks, at age 91, climbed Mt. Fuji—the oldest person to climb Japan’s highest peak.

 

 

WEDNESDAY WISDOM: “Remember upon the conduct of each depends the fate of all.”—Alexander the Great

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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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