Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 29th, 2017
Benefits & Administration
Provisions of Senate Health Reform Could Negatively Impact Employers
While the Senate health care reform bill reduces costs and administrative burdens for employers, provisions affecting individuals and employees could cause a residual negative impact on employers and many have conflicted views about the bill, one benefits professional says. Read more >
Ask the Experts
PBGC’s Early Warning Program
Marcia Wagner, founder of The Wagner Law Group, discusses how the Pension Benefit Guaranty Corporation (PBGC)’s Early Warning Program works and what will trigger it. Read more >
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2019 PLANSPONSOR National Conference
Market Mirror

Wednesday, the Dow was up 143.95 points (0.68%) at 21,454.61, the NASDAQ gained 87.79 points (1.43%) to finish at 6,234.41, and the S&P 500 increased 21.31 points (0.88%) to finish at 2,440.69. The Russell 2000 climbed 21.74 points (1.55%) to 1,425.26, and the Wilshire 5000 closed 232.54 points (0.92%) higher at 25,398.39.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.222%. The price of the 30-year Treasury bond decreased 14/32, bringing its yield up to 2.775%.

Compliance
DOL Officially Pulls Back Final Rules for Government-Run Plans
In a new final rule, Definition of Employee Pension Benefit Plan Under ERISA, the Department of Labor (DOL)’s Employee Benefit Security Administration (EBSA) removed its final rules regarding the Employee Retirement Income Security Act (ERISA) safe harbor of government-run plans for private-sector workers from the Code of Federal Regulations. Read more >
Waddell & Reed Charged in 401(k) Self-Dealing Suit
The lawsuit claims fiduciaries of the Waddell & Reed 401(k) plan breached their fiduciary duties and engaged in prohibited transactions in the selection of the plan’s investment lineup. Read more >
Investing
Tracking Risk in a TDF Glide Path
Target-date funds (TDFs) typically address risk by switching to fixed income as opposed to equity as a participant ages, but a closer look under the hood can reveal deeper insights to downside protection. Read more >
Small Talk

ON THIS DATE: In 1652, Massachusetts declared itself an independent commonwealth. In 1767, the British Parliament approved the Townshend Revenue Acts. The acts imposed import duties on glass, lead, paint, paper and tea shipped to America. In 1776, the Virginia constitution was adopted and Patrick Henry was made governor. In 1888, Professor Frederick Treves performed the first appendectomy in England. In 1897, the Chicago Cubs scored 36 runs in a game against Louisville, setting a record for runs scored by a team in a single game. In 1950, U.S. President Harry S. Truman authorized a sea blockade of Korea. In 1951, the United States invited the Soviet Union to the Korean peace talks on a ship in Wonson Harbor. In 1953, the Federal Highway Act authorized the construction of 42,500 miles of freeway from coast to coast. In 1966, the U.S. bombed fuel storage facilities near the North Vietnamese cities of Hanoi and Haiphong. In 1972, the U.S. Supreme Court ruled that the death penalty could constitute “cruel and unusual punishment.” The ruling prompted states to revise their capital punishment laws. In 1995, the shuttle Atlantis and the Russian space station Mir docked, forming the largest man-made satellite ever to orbit the Earth. In 2000, in Santa Rosa, California, the official ground-breaking ceremony took place for the Charles M. Schulz Museum. In 2011, the state of Nevada passed the first law that permitted the operation of autonomous cars on public roads. The law went into effect on March 1, 2012 and did not permit the use of the cars to the general public. Google received the first self-driving vehicle license in the U.S. on May 4, 2012 in Nevada.

SURVEY SAYS: The 4th of July falls on a Tuesday this year, and it has always felt weird to me when a holiday breaks up the work week like that. This week, I’d like to know, are you taking additional time off surrounding the 4th? You may respond to this survey by 6 p.m. Pacific time today. 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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