Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 28th, 2016
Benefits & Administration
LGBT Employees Reevaluating Workplace Benefits
However, 50% of all LGBT employees and nearly 40% of those who are married or in a domestic partnership are not aware of ways in which last year’s marriage equality ruling affects their benefits, a Lincoln Financial Group study found.Read more >
Americans Feel a Downside of Living Longer
Fifty-one percent of Americans surveyed identified “having enough money to last my whole life” as a very big problem when they thought about living to age 100.Read more >
Financial Knowledge Leads to Better Retirement Savings Behavior
Research shows financial wellness and retirement education can be beneficial even for employees who are already ostensibly knowledgeable about finances.Read more >
Deals and People
Voya Keeps Building Government Markets Team With Rehire
Housing Expenses Drive Spending Volatility in Retirement
Data and Research
Unplanned Financial Challenges Continue to Plague US Workers’ Retirement Savings
Market Mirror

Monday, the Dow lost 260.51 points (1.50%) to finish at 17,140.24, the NASDAQ decreased 113.54 points (2.41%) to 4,594.44, and the S&P 500 was down 36.87 points (1.81%) at 2,000.54. The Russell 2000 closed 37.90 points (3.36%) lower at 1,089.64, and the Wilshire 5000 fell 430.95 points (2.04%) to 20,671.37.

On the NYSE, 3.1 billion shares changed hands, with declining issues outnumbering advancing issues more than 4 to 1. On the NASDAQ, 2.7 billion shares traded, with a 6 to 1 lead for decliners.

The price of the 10-year Treasury note increased 1 3/32, bringing its yield down to 1.441%. The price of the 30-year Treasury bond climbed 3 2/32, decreasing its yield to 2.271%.
Court’s Decision About State Street’s Handling of GM Stock Stands
The U.S. Supreme Court denied a petition for writ of certiorari that questioned its logic in the case of Fifth Third Bancorp v. Dudenhoeffer.Read more >
Court Moves Forward Great-West ERISA Suit
A federal judge has certified as a class action a case regarding Great-West Life & Annuity Insurance Company’s handling of a guaranteed income fund for retirement plan participants.Read more >
Small Talk
ON THIS DATE: In 1894, the U.S. Congress made Labor Day a U.S. national holiday. In 1902, the U.S. Congress passed the Spooner bill, which authorized a canal to be built across the isthmus of Panama. In 1919, the Treaty of Versailles was signed ending World War I exactly five years after it began. The treaty also established the League of Nations. In 1938, the U.S. Congress created the Federal Housing Administration (FHA) to insure construction loans. In 1950, North Korean forces captured Seoul, South Korea. In 1951, “Amos ’n’ Andy” moved to CBS-TV from radio. In 1960, in Cuba, Fidel Castro confiscated American-owned oil refineries without compensation. In 1964, Malcolm X founded the Organization for Afro American Unity to seek independence for blacks in the Western Hemisphere. In 1971, the U.S. Supreme Court overturned the draft evasion conviction of Muhammad Ali. In 1996, The Citadel voted to admit women, ending a 153-year-old men-only policy at the South Carolina military school. In 1996, Charles M. Schulz got a star on the Hollywood Walk of Fame. In 1997, Mike Tyson was disqualified for biting Evander Holyfield’s ear after three rounds of their WBA heavyweight title fight in Las Vegas. In 2005, the final design for the “Freedom Tower” (One World Trade Center) was formally unveiled. In 2007, the American bald eagle was removed from the endangered species list. In 2010, the U.S. Supreme Court ruled 5-4 that Americans have the right to own a gun for self-defense anywhere they live.
TRIVIAL PURSUITS: How did mobile homes get their name?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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