Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 19th, 2019
Benefits & Administration
Will Education Benefit Offerings Increase Soon?
While some employers have had tuition reimbursement programs in place for more than 20 years, a survey from the International Foundation of Employee Benefit Plans found several factors are keeping employers from offering student loan repayment assistance benefits.Read more >
Retirement Concerns Show Uneven Playing Field for Women
Although many older Americans are concerned about health care costs in retirement and outliving their savings, women are even more so, due in part to earning less than men throughout their careers, according to the National Council on Aging.Read more >
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income
TRIVIAL PURSUITS: Residents of the Island of Misfit Toys
2021 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Sponsored message from Capital Group
Your employees go above and beyond.
Learn how you can give them the 401(k) they deserve with the target date series from Capital Group, home of American Funds.Read more >
Industry Voices
How to Walk the Line With Pension Overpayments
Mary Shah and Mindy Zatto, from Strategic Benefits Advisors, discuss ways to recoup pension overpayments that satisfy regulators and do not place burden on retirees, as well as how to prevent overpayments from happening.Read more >
Economic Events

Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,269,000, the Census Bureau reported. This is 0.9% below the revised April estimate of 1,281,000 and is 4.7% below the May 2018 rate of 1,332,000. Single‐family housing starts in May were at a rate of 820,000; this is 6.4% below the revised April figure of 876,000. The May rate for units in buildings with five units or more was 436,000.


Employer costs for civilian workers averaged $25.22 per hour worked for wages and salaries and $11.55 for benefits in March, according to the Bureau of Labor Statistics. Health insurance was the largest employer benefit cost at $3.06, accounting for 8.3% of total compensation costs.
Market Mirror

Tuesday, the Dow climbed 353.01 points (1.35%) to 26,465.54, the NASDAQ closed 108.86 points (1.39%) higher at 7,953.88, and the S&P 500 increased 28.08 points (0.97%) to 2,917.75. The Russell 2000 was up 17.48 points (1.14%) at 1,550.23, and the Wilshire 5000 gained 293.31 points (0.99%) to finish at 30,028.69.


The price of the 10-year Treasury note was up 3/32, decreasing its yield to 2.062%. The price of the 30-year Treasury bond increased 7/32, bringing its yield down to 2.551%.
Settlement of MFS Excessive Fee Suit Includes Plan Design Changes
MFS has also agreed to pay $6,875,000 into a qualified settlement fund to resolve the claims of the court-approved class.Read more >
HRA Final Rule Includes Changes and Clarifications
Rachel Leiser Levy, from Groom Law Group, explains changes from the proposed HRA regulation in the final regulation, and says it remains to be seen how this will affect the employer health benefits market.Read more >
Ask the Experts
Vesting Upon a 403(b) Plan’s Discontinuance of Contributions
“I’ve seen inconsistent treatment as to whether in a 403(b) plan a complete discontinuance of contributions requires full vesting of affected participants in employer matching and/or nonelective contributions. What do the Experts say?”Read more >
Small Talk
Three-quarters of employees are satisfied with a “thank you” for their everyday efforts; however, 36% of women would prefer employers make the extra effort and put that in writing, a survey from Deloitte found. Deloitte’s Business Chemistry has released a new survey of 16,000 professionals, across a variety of industries, from C-suite leaders to junior staff, that confirms that when it comes to recognizing others, like many things at work, one size doesn’t fit all—and surprisingly, very few people want recognition that’s widely shared.Read more >

ON THIS DATE: In 1586, English colonists sailed away from Roanoke Island, North Carolina, after failing to establish England’s first permanent settlement in America. In 1846, the New York Knickerbocker Club played the New York Club in the first baseball game at the Elysian Field in Hoboken, New Jersey. It was the first organized baseball game. In 1910, the first Father’s Day was celebrated in Spokane, Washington. In 1912, the U.S. government established the eight-hour work day. In 1934, the U.S. National Archives and Records Administration was established. In 1934, Congress established the Federal Communications Commission (FCC). The commission was to regulate radio and TV broadcasting (later). In 1951, President Harry S. Truman signed the Universal Military Training and Service Act, which extended Selective Service until July 1, 1955, and lowered the draft age to 18. In 1964, the Civil Rights Act of 1964 was approved after surviving an 83-day filibuster in the Senate. In 1978, the comic strip Garfield was in newspapers around the U.S. for the first time.



WEDNESDAY WISDOM: “All change is not growth, as all movement is not forward.”—Ellen Glasgow, American novelist
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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