Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 21st, 2019
Benefits & Administration
Misunderstanding Retirement Plans Affects Participant Savings Behavior
Research reports find a large proportion of employees don’t understand their retirement benefits—with some not even realizing they are participating—and better communication is needed to help participants take the best savings actions.Read more >
Rolling Over Retirement Assets Creates Greater Retirement Income Adequacy
Not rolling defined contribution (DC) plan assets into an IRA or another DC plan has a very material impact on retirement deficits, an Employee Benefit Research Institute (EBRI) study found.Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
IRS Proposes Update to Mortality Tables Used to Calculate RMDs
3
Employees Are Making Each Other Sick
4
Maximum Benefit and Contribution Limits Table 2020
5
Congressional Leaders Want SECURE Act Passage in 2019
HRA Regulations Expected to Have Significant Small Business Impact
Experts expect the two news types of health reimbursement accounts created by a trio of federal agencies will be particularly attractive to small business owners and their employees.Read more >
Sponsored message from UMB
HSAs Shine Brightly in the Retirement Savings Universe
HSAs Shine Brightly in the Retirement Savings Universe In the universe of retirement options, there are a lot of stars—401(k), 403(b), 457s, IRAs, and Roth IRAs. While each of these retirement savings options offers its own distinct advantages, shining brightest among them in the retirement stratosphere is the often-overlooked HSA. Read more >
Products, Deals and People
Investment Product and Service Launches
Morgan Stanley builds low-minimum impact portfolio suite; American Century Investments decreases ETF management fee; Sun Life Financial consolidates asset management businesses; and more.Read more >
Economic Events

In the week ending June 15, the advance figure for seasonally adjusted initial claims for unemployment insurance was 216,000, a decrease of 6,000 from the previous week’s unrevised level of 222,000, the Labor Department reported. The four-week moving average was 218,750, an increase of 1,000 from the previous week’s unrevised average of 217,750.

The average interest rate for a 30-year fixed-rate mortgage is 3.84%, up from 3.82% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.25%, down from 3.26%.

Market Mirror

Thursday, the Dow gained 249.17 points (0.94%) to finish at 26,753.17, the NASDAQ closed 64.02 points (0.80%) higher at 8,051.34, and the S&P 500 increased 27.72 points (0.95%) to 2,954.18. The Russell 2000 was up 7.92 points (0.51%) at 1,563.49, and the Wilshire 5000 climbed 265.63 points (0.88%) to 30,394.59.

The yield for the 10-year Treasury note was 2.029%, and the yield for the 30-year Treasury bond was 2.538%.

Compliance
In Sequoia Fund Lawsuit, Documented Process Saves Plan Fiduciaries
A federal court found plan fiduciaries acted with loyalty and prudence, and that plaintiffs failed to show the failure to have an investment policy in place, standing alone, proves imprudence.Read more >
Small Talk

ON THIS DATE: In 1788, the U.S. Constitution went into effect when New Hampshire became the ninth state to ratify it. In 1834, Cyrus McCormick patented the first practical mechanical reaper for farming. In 1893, the Ferris Wheel was introduced at the World’s Columbian Exposition in Chicago. In 1945, Pan Am announced an 88-hour round-the-world flight at a cost of $700. In 1982, John W. Hinckley, Jr., who on March 30, 1981, shot President Ronald Reagan and three others outside a Washington, D.C., hotel, was found not guilty of attempted murder by reason of insanity. In 1989, the U.S. Supreme Court ruled that burning the American flag as a form of political protest was protected by the First Amendment.

 

And now it’s time for FRIDAY FILES!

This puppy’s reaction makes Mufasa’s death in The Lion King even sadder.Read more >
Here’s one way to keep a dog from escaping through wide fence posts.Read more >

In Walhalla, South Carolina, a woman escaped a DUI charge because of her choice of vehicle. According to the Associated Press, police say they spotted her cruising down the road in a Power Wheels electric toy truck after a caller reported a suspicious person on the street. News outlets quote police as saying that instead they charged the woman with public intoxication. (I hope this doesn’t give anyone an idea :))

Have a great 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

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