Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 28th, 2016
Benefits & Administration
Employees Need Tools to Help Them Manage Health Care Costs
Consumers now rate “planning for out-of-pocket costs” (66%) as the most challenging and stressful aspect of managing their health care, according to research from Alegeus, a company providing health care management tools.Read more >
Industry Voices
Overcoming Fear! – Part 2
Gary Findlay, former Executive Director of the Missouri State Employees Retirement System (MOSERS), discusses fearmongering regarding public pension plans.Read more >
2022 Recordkeeping Survey
Defined Benefit Plans May Have New Life
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Products, Deals and People
Computershare Limited has launched referral arrangements with HighTower for wealth management services and TD Ameritrade, Inc., for brokerage services on behalf of clients with employee equity plans.Read more >
GuideSpark has developed two new solutions to help companies guide employees through their benefits open enrollment process. Its “Help Me Choose” feature provides employees with personalized recommendations for health plan selection.Read more >
Economic Events
New orders for manufactured durable goods in June decreased $9.3 billion or 4% to $219.8 billion, the U.S. Census Bureau announced. This decrease, down two consecutive months, followed a 2.8% May decrease. Excluding transportation, new orders decreased 0.5%. Excluding defense, new orders decreased 3.9%. Transportation equipment, also down two consecutive months, led the decrease, down $8.5 billion or 10.5% to $72.2 billion.
Market Mirror

Yesterday, the Dow decreased by 1.58 (0.01%) to 18,472.17, the NASDAQ closed 29.76 points (0.58%) higher at 5,139.81, and the S&P 500 was down 3.43 points (0.16%) at 2,165.75. The Russell 2000 was up 2.07 points (0.17%) at 1,218.92, and the Wilshire 5000 closed 33.72 points (0.15%) lower at 22,464.39.

On the NYSE, 3.1 billion shares traded, with a slight lead for decliners. On the NASDAQ, 2.7 billion shares changed hands, with 1.4 advancing issues for every declining issue.

The price of the 10-year Treasury note increased 18/32, bringing its yield down to 1.508%. The price of the 30-year Treasury bond climbed 1 15/32, decreasing its yield to 2.221%.
DOL Announces ERISA Advisory Council Meeting
The Council will study participant plan transfers and account consolidation as well as cyber security concerns.Read more >
Cases Questioning Church Plans Petitioned to Supreme Court
Advocate Health Care and St. Peter’s Healthcare System have filed petitions for writ of certiorari with the U.S. Supreme Court to determine whether their pension plans are considered “church plans” under the Employee Retirement Income Security Act (ERISA).Read more >
From the Magazine
3(16) Fiduciary Administrators Help Alleviate the Burden
Is hiring a retirement plan administrator who is also a fiduciary the next step in plan sponsor outsourcing? The vast majority of plan errors occur at the administrative level, in operational areas such as discrimination testing, distributions, and loans; in fact, such errors are so common that the Internal Revenue Service (IRS) provides three programs to help sponsors make corrections. The result has been growing interest in administrative outsourcing, experts say.Read more >
Small Talk
ON THIS DATE: In 1865, the American Dental Association proposed its first code of ethics. In 1914, World War I officially began when Austria-Hungary declared war on Serbia. In 1941, plans for the Pentagon were approved by the U.S. House of Representatives. In 1945, a U.S. Army bomber crashed into the 79th floor of New York City’s Empire State Building. Fourteen people were killed, and 26 were injured. In 1951, the Walt Disney film “Alice in Wonderland” was released. In 1965, U.S. President Lyndon Johnson announced he was increasing the number of American troops in South Vietnam from 75,000 to 125,000. In 1998, Bell Atlantic and GTE announced $52 billion deal that created the second-largest phone company.
SURVEY SAYS:  Employers must balance their benefits budgets, and with health care costs increasing, it may affect decisions regarding retirement plan benefits. This week, I’d like to know, have rising health care costs affected your company’s decisions about its retirement plan, and what has your company done or not done with the retirement plan due to health benefits costs? Even if health care costs have not affected retirement plan decisions, please respond to the survey. You may respond to this week’s survey by 6 p.m. Pacific time today.Read more >
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


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