Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 25th, 2019
Webcast Event
Why should participant distribution decisions matter to you?
Please join our live webcast on June 26th, when a panel will discuss: Newly released Financial Engines research on workers’ awareness about their distribution options when retiring or changing jobs; perspective on how distribution decisions can have a significant impact on both participants and plan sponsors; and how plan sponsors can ensure they work with an advice provider that not only acts in participants’ best interests but is held to a higher legal fiduciary standard of care through all phases of a participant’s career—including help with 401(k) account and rollover decisions during employment changes. Read more >
MOST READ ARTICLES
1
Adidas Sued Over Excessive Fees for 401(k) Participants
2
(b)lines Ask the Experts – Proper Delivery Method for SPDs
3
Yale Sued Over Wellness Program ‘Penalty’
4
Employees in Two States Miss Out on One HSA Benefit
5
Some Help for Women’s Retirement Savings Gap May Be Coming
Benefits & Administration
Employee Perceptions of Financial Wellbeing Haven’t Improved
Despite that, employees value financial wellness programs and Alight Solutions makes suggestions for improving them. Read more >
Financial Wellness Programs Need to Become Personalized
Financial stress is on the rise in all generations, indicating that financial wellness programs are missing the mark, according to PwC. A new survey report from the firm suggests many employers have simply relabeled existing resources as “financial wellness programs.” Read more >
Sponsored message from J.P. Morgan Asset Management
Ready! Fire! Aim?
More than a decade of research on retirement plan participant behavior continues to highlight important trends and implications for target date fund design. Read more >
Market Mirror

Yesterday, the Dow was up 8.41 points (0.03%) at 26,727.54, the NASDAQ closed 26.01 points (0.32%) lower at 8,005.70, and the S&P 500 decreased 5.11 points (0.17%) to 2,945.35. The Russell 2000 fell 19.54 points (1.26%) to 1,530.08, and the Wilshire 5000 lost 105.55 points (0.35%) to finish at 30,216.31.

 

The price of the 10-year Treasury note climbed 26/32, decreasing its yield to 2.017%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 2.547%.

Compliance
Appeals Court Again Cites Dudenhoeffer in Rejecting Stock Drop Suit
The 8th U.S. Circuit Court of Appeals has affirmed a pro-defense district court decision stemming from an Employee Retirement Income Security Act (ERISA) “stock drop” lawsuit. Like the U.S. District Court for the Eastern District of Missouri, the 8th Circuit has determined that the lead plaintiff—a former employee of SunEdison Semiconductor LLC, referred to in the decision as “Semi” and noted for being at one stage a wholly owned subsidiary of parent company SunEdison, Inc.—has failed to state an actionable claim. Read more >
GASB Issues Implementation Guide on Fiduciary Activities
The central objective of the Statement 84, Fiduciary Activities, is to enhance the consistency and comparability of fiduciary activity reporting by state and local governments. Read more >
From the Magazine
Don’t Forget ­Welfare Plans
For the most part, our columns have focused on fiduciary obligations with respect to retirement plans, particularly, how plan committees can meet their obligations. Now it’s time to throw health plans into the mix. Read more >
Small Talk

ON THIS DATE: In 1788, Virginia ratified the U.S. Constitution and became the 10th state of the United States. In 1868, Congress enacted legislation granting an eight-hour day to workers employed by the Federal government. In 1868, Florida, Alabama, Louisiana, Georgia, North Carolina and South Carolina were readmitted to the Union. In 1876, Lt. Col. Custer and the 210 men of U.S. 7th Cavalry were killed by Sioux and Cheyenne Indians at Little Big Horn in Montana. In 1950, North Korea invaded South Korea initiating the Korean War. In 1951, in New York, the first regular commercial color TV transmissions were presented on CBS using the FCC-approved CBS Color System. The public did not own color TV’s at the time. In 1964, President Lyndon Johnson ordered 200 naval personnel to Mississippi to assist in finding three missing civil rights workers. In 1981, the U.S. Supreme Court decided that male-only draft registration was constitutional. In 1990, the U.S. Supreme Court upheld the right of an individual, whose wishes are clearly made, to refuse life-sustaining medical treatment. “The right to die” decision was made in the Curzan vs. Missouri case. In 1997, U.S. air pollution standards were significantly tightened by President Bill Clinton. In 1998, the U.S. Supreme Court rejected the line-item veto thereby striking down presidential power to cancel specific items in tax and spending legislation. In 1999, Germany’s parliament approved a national Holocaust memorial to be built in Berlin. In 2000, U.S. and British researchers announced that they had completed a rough draft of a map of the genetic makeup of human beings.

TRIVIAL PURSUITS: Is it true that lightening never strikes the same place twice? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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

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