Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 21st, 2016
Benefits & Administration
All Employees Have Financial Wellness Needs
There are diverse needs among different employee groups, but emotions about financial wellness are consistent among all, a Fidelity survey finds. Brian Murphy, SVP of employee insights for Fidelity in Boston, shares tips for getting employees engaged in wellness programs.Read more >
Products, Deals and People
Retirement Industry People Moves
Neuberger Berman names CIO to help with foundations and endowments; Creative Planning hires leader of 401(k) division; adviser to non-profits affiliates with PlanMember; and Mercer hires PRT consultant.Read more >
IBM Completes $16 Billion Pension Risk Transfer
2022 Recordkeeping Survey
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Employment, Income Inequality Cited as US Drops to 18th on Natixis Retirement Index
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
White Paper Helps Guide Auto Enrollment Decisions
A white paper from Paragon Alliance Group intends to aid defined contribution plan sponsors in deciding whether auto enrollment is right for their plans.Read more >
Economic Events
THE ECONOMIC WEEK AHEAD: Today, the National Association of Realtors will report about existing home sales for February, and Wednesday, the Census Bureau will report about new home sales for February. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about durable goods orders for February.
Market Mirror

Friday, the Dow climbed 120.81 points (0.69%) to 17,602.30, the NASDAQ increased 20.66 points (0.43%) to 4,795.65, and the S&P 500 was up 9.09 points (0.45%) at 2,049.68. The Russell 2000 closed 10.45 points (0.96%) higher at 1,101.70, and the Wilshire 5000 gained 97.85 points (0.47%) to finish at 20,981.69.

On the NYSE, 3.2 billion shares changed hands, with 3 advancing issues for every declining issue. On the NASDAQ, 2.9 billion shares traded, with a near 2 to 1 lead for advancers.

The price of the 10-year Treasury note increased 6/32, bringing its yield down to 1.879%. The price of the 30-year Treasury bond was up 5/32, decreasing its yield to 2.681%.

WEEK’S WORTH: For the week ending March 18, the Dow climbed 2.26%, the NASDAQ was up 0.99%, and the S&P 500 finished 1.37% higher. The Russell 2000 increased 1.30%, and the Wilshire 5000 gained 1.40%.
Sears Reaches Agreement on PBGC Protection
The PBGC and Sears have reached an agreement on financial protection for approximately 200,000 Sears pension plan participants and beneficiaries.Read more >
Another Appeals Court Rules on Church Plan Case
The 7th U.S. Circuit Court of Appeals has ruled that the defined benefit (DB) plan sponsored by Advocate Health Care Network does not qualify as a church plan exempt from many provisions of the Employee Retirement Income Security Act (ERISA).Read more >
From the Magazine
Considering Advisers Nationwide
Coffman Engineers had been using an adviser to assist it with its 401(k) plan but decided it needed a change. “We were looking for more depth—the firm we used was a one-man show—and we wanted more analysis of money managers,” says Pat Piermattei, senior vice president.Read more >
Small Talk
ON THIS DATE: In 1788, most of New Orleans was destroyed by fire. In 1790, Thomas Jefferson reported to U.S. President George Washington as the new secretary of state. In 1851, Yosemite Valley was discovered in California. In 1859, in Philadelphia, the first Zoological Society was incorporated. In 1910, the U.S. Senate granted ex-President Theodore Roosevelt a yearly pension of $10,000. In 1925, the state of Tennessee enacted the Butler Act. It was a law that made it a crime for a teacher in any state-supported public school to teach any theory that contradicted the Bible’s account of man’s creation. In 1928, U.S. President Calvin Coolidge gave the Congressional Medal of Honor to Charles Lindbergh for his first trans-Atlantic flight. In 1963, Alcatraz Island, the federal penitentiary in San Francisco Bay, closed. In 1965, more than 3,000 civil rights demonstrators led by the Rev. Martin Luther King Jr. began a march from Selma to Montgomery, Alabama. In 1972, the U.S. Supreme Court ruled that states could not require one year of residency for voting eligibility. In 1994, Steven Spielberg won his first Oscars for best picture and best director for “Schindler’s List.” In 2000, the U.S. Supreme Court ruled 5-4 that the U.S. Food and Drug Administration had overstepped its regulatory authority when it attempted to restrict the marketing of cigarettes to youngsters.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers if they ever work while tired, how often, and whether it led to mistakes or embarrassing moments. I also asked if they had any tips to share for reenergizing at work. No big surprise, 100% of responding readers said they have worked while tired. For 13.9% of respondents this is a daily occurrence, while 38.9% indicated they work while tired a few times a week, and 22.2% said at least once a week. More than 72% of responding readers indicated they have made a mistake or had an embarrassing moment due to working while tired. Some respondents shared examples of a mistake they or a coworker made or an embarrassing moment they or a coworker had due to working while tired. Asked if they have any tips for reenergizing when tired at work, most of those responding suggested taking a walk or some kind of physical activity. One reader said, “Pray for busy season to end!” In general comments about working while tired, most folks agreed that it is a natural result of more demands and hectic lives. One respondent said, “If anyone responds ‘no’ they never work while tired, they must be lying!” Daylight savings time is definitely a trigger for many to work while tired. Editor’s Choice goes to the reader who said, “I’m 53 years old. I am always tired.” Thanks to all who participated in the survey!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


Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund