Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 31st, 2019
Benefits & Administration
Maryland Pension System’s Assumed Rate of Return Reduced Again
The Board said it based its decision on an analysis by its actuary.Read more >
Ask the Experts
Impact of SEC’s Regulation Best Interest
“I’ve been reading a lot about this new SEC Regulation BI. Does it have any impact on me as a 403(b) plan sponsor?”Read more >
Products, Deals and People
Alegeus, Picwell Partner to Provide Health Benefit Decision Support
Picwell’s AI engine matches consumers to the right plan during enrollment by predicting future care considerations, estimating out-of-pocket expenses, and accounting for personal preferences.Read more >
New Financial Audit Rule Increases Requirements for Plan Sponsors
2021 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Participants Missing the Full Match Remains a Big Problem
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Sponsored message from Capital Group
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Show them you value their hard work. Give them the 401(k) they deserve with the target date series from Capital Group, home of American Funds®. Read more >
Economic Events

The Conference Board Consumer Confidence Index rebounded in July, following a decrease in June. The Index now stands at 135.7 (1985=100), up from 124.3 in June. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased from 164.3 to 170.9. The Expectations Index—based on consumers’ short-term outlook for income, business and labor market conditions—increased from 97.6 last month to 112.2 this month.

Market Mirror

Tuesday, the Dow closed 23.33 points (0.09%) lower at 27,198.02, the NASDAQ decreased 19.72 points (0.24%) to 8,273.61, and the S&P 500 was down 7.79 points (0.26%) at 3,013.18. The Russell 2000 climbed 16.55 points (1.05%) to 1,585.57, and the Wilshire 5000 lost 41.21 points (0.13%) to finish at 31,005.43.

The price of the 10-year Treasury note was virtually unchanged, with its yield at 2.063%. The price of the 30-year Treasury bond increased 24/32, bringing its yield down to 2.585%.

DOL Offers Relief to MEPs That Did Not File Correct Form 5500s
The Department of Labor (DOL) found more than 100 multiple employer plans (MEPs) in violation of a requirement to include on the Form 5500 a list of participating employers and a good faith estimate of the percentage of total contributions made by such participating employers during the plan year.Read more >
Court Decides Medical Center Plan is a Church Plan Under ERISA
Citing the Supreme Court decision regarding church plan cases and using a three-part test, a federal judge found the St. Elizabeth Medical Center Employees’ Pension Plan falls under the ERISA exemption for church plans.Read more >
Sponsored message from Hooker & Holcombe
Hooker & Holcombe 2019 Municipal Pension & OPEB Report
Puzzled by how your pension & OPEB plans stack up against other municipal plans? Click to download the report. Read more >
Small Talk

ON THIS DATE: In 1498, Christopher Columbus, on his third voyage to the Western Hemisphere, arrived at the island of Trinidad. In 1792, the cornerstone of the U.S. Mint in Philadelphia was laid. It was the first building to be used only as a U.S. government building. In 1948, President Harry Truman helped dedicate New York International Airport (later John F. Kennedy International Airport) at Idlewild Field. In 1955, Marilyn Bell of Toronto, Canada, at age 17, became the youngest person to swim the English Channel. In 1971, men rode in a vehicle on the moon for the first time in a lunar rover vehicle (LRV). In 1989, the Game Boy handheld video game device was released in the U.S. In 1991, President George H.W. Bush and Soviet President Mikhail Gorbachev signed the Strategic Arms Reduction Treaty. In 1995, the Walt Disney Company agreed to acquire Capital Cities/ABC in a $19 billion deal.

WEDNESDAY WISDOM: “Ah, summer, what power you have to make us suffer and like it.”—Russell Baker, American journalist and writer

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


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