Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 26th, 2019

Preparing Employees for Retirement, a Global Comparison

Retirement plan sponsors and policymakers can gain ideas from countries with different methods for encouraging retirement security. Read more >
2019 PLANADVISER National Conference
With an agenda designed completely by a committee featuring past PLANSPONSOR Retirement Plan Advisers of the Year—plus input from leaders at national adviser aggregators, who know exactly what the best retirement plan advisers want and need—you are sure to return to your firm able to tackle whatever your practice needs done this year. The agenda addresses all areas of the advisory businesses, across both general and focused-breakout sessions. Join us September 16–18 in Orlando for “Contagious Ideas” at PANC 2019! Read more >
Benefits & Administration
Education About Health Benefits Can Lower Costs for Employers and Employees
Many employees don’t understand health benefits—including that most insurance covers preventive care. Better education can lead employees to use benefits correctly and become healthier. 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
New Hampshire Health System Freezing DB Plan
Elliot Health System made the statement that “financial challenges in health care have led the vast majority of health care employers to make this decision years before we are doing so.” Read more >
Sponsored message from Northern Trust
How a Custodian Started Up a Fintech Solution for CIOs
Learn how Northern Trust Front Office Solutions developed a data integration solution for CIOs. Read more >
Products, Deals and People
Investment Product and Service Launches
Stadion’s managed account service offered on TRG platform; Principal Global Investors launches new multi-factor ETFs; Northern Trust forms options trading desk in Chicago; and more. Read more >
Economic Events

New orders for manufactured durable goods in June increased $4.9 billion or 2.0% to $246.0 billion, the U.S. Census Bureau announced. This increase, up following two consecutive monthly decreases, followed a 2.3% May decrease. Excluding transportation, new orders increased 1.2%. Excluding defense, new orders increased 3.1%. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $3.0 billion or 3.8% to $80.5 billion.

In the week ending July 20, the advance figure for seasonally adjusted initial claims for unemployment insurance was 206,000, a decrease of 10,000 from the previous week’s unrevised level of 216,000, the Labor Department reported. The four-week moving average was 213,000, a decrease of 5,750 from the previous week’s unrevised average of 218,750.

The average interest rate for a 30-year fixed-rate mortgage is 3.75%, down from 3.81% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.18%, down from 3.23%.

Market Mirror

Thursday, the Dow was down 128.99 points (0.47%) at 27,140.98, the NASDAQ lost 82.96 points (1.00%) to finish at 8,238.54, and the S&P 500 decreased 15.89 points (0.53%) to 3,003.67. The Russell 2000 fell 18.97 points (1.20%) to 1,561.45, and the Wilshire 5000 closed 190.72 points (0.61%) lower at 30,895.42.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.079%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 2.610%.

From the Magazine
Consider This
Five hot-button issues plan sponsors need to cover in provider searches. Read more >
Small Talk

ON THIS DATE: In 1775, a postal system was established by the 2nd Continental Congress of the United States. The first Postmaster General was Benjamin Franklin. In 1788, New York became the 11th state to ratify the U.S. Constitution. In 1881, Thomas Edison and Patrick Kenny execute a patent application for a facsimile telegraph. In 1947, President Harry Truman signed The National Security Act. The act created the National Security Council, the Department of Defense, the Central Intelligence Agency and the Joint Chiefs of Staff. In 1948, President Harry Truman signed executive orders that prohibited discrimination in the U.S. armed forces and federal employment. In 2016, Hillary Clinton became the first woman to top a majority party ticket for president of the United States.

And now it’s time for FRIDAY FILES!

What’s that other dog doing there? Oh, he’s mocking me, eh? Read more >
Zombie chicken? Read more >
In Renner, South Dakota, a couple must have had one heck of a massive spider on their hands. [pic] Read more >

In North Vernon, Indiana, a woman reported her dentures were stolen by another woman who was actually using them. That same day, the denture thief had a meeting with her probation officer who noticed she was wearing dentures that were clearly not hers, according to the Jennings County Sheriff’s Office Facebook page. Deputies confronted the woman at her home and spotted the dentures—easily identified because they had the owner’s name on them.

In Revere, Massachusetts, a man who was Revere’s head parking technician has been charged with theft. According to the Boston Globe, the city was using seven new “smart” meters as part of a pilot program, and the man was the only person who could access them. During two months in 2017, the meters were calculated to take in $1,377, but this money wasn’t deposited to the city’s treasurer’s office. The man is facing larceny charges for taking the more than 5,000 quarters.

Wishing everyone a happy weekend!

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 >

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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