Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 21st, 2019

ESOPs As a Retirement, and Succession, Plan

ESOPs can help employees amass greater retirement benefits, as well as help business owners keep control in planning for the succession of their business.Read more >
Benefits & Administration
Education Can Help Employees Engage in Managing Health Care Costs
Two-thirds (66.7%) of consumers are moderately or highly engaged in their physical wellness and health costs, according to HSA Bank’s Health & Wealth Index for 2019. The greatest difference in health and wealth engagement occurs for health plan type. High-deductible health plan (HDHP) consumers remain the most engaged group overall. HSA Bank’s survey revealed that nearly one in five consumers are not able to identify their health plan type, which determines the in-network providers, treatment and prescription coverage, as well as premium, copay, coinsurance, deductible and out-of-pocket costs. The firm recommends employers offer a guide about health plans, their costs and what they cover; a health plan comparison tool; and a tax-advantaged savings account to help employees become better health care consumers.Read more >
Pension Risk Transfers Help Largest DB Plans Reduce PBGC Premiums
J.P. Morgan’s “Corporate Pension Peer Analysis 2018,” says 2018 was the largest asset allocation de-risking year for defined benefit (DB) plans since 2011.Read more >
Get to Know Our Plan Sponsor of the Year Finalists
Profiles are now online for PLANSPONSOR’s 2019 Plan Sponsor of the Year finalists in the Corporate 401(k) >$500MM category.Read more >
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income
TRIVIAL PURSUITS: Residents of the Island of Misfit Toys
2021 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Products, Deals and People
Small Business 401(k) Recordkeeper Redesigns Website
LT Trust’s new website will serve as a 401(k) resource center to employers sponsoring 401(k) plans and to their employees.Read more >
Market Mirror

Wednesday, the Dow lost 141.71 points (0.55%) to finish at 25,745.67, the NASDAQ was up 5.02 points (0.07%) at 7,728.97, and the S&P 500 was down 8.34 points (0.29%) at 2,824.23. The Russell 2000 decreased 11.83 points (0.76%) to 1,543.16, and the Wilshire 5000 closed 97.03 points (0.33%) lower at 29,200.52.

The price of the 10-year Treasury note increased 25/32, bringing its yield down to 2.531%. The price of the 30-year Treasury bond climbed 1 5/32, decreasing its yield to 2.968%.

Fidelity Faces Second Lawsuit Over Undisclosed Payment Scheme
Fidelity is accused of charging an illegal and undisclosed pay-to-play fee that Fidelity extracts from investment companies that wish to ensure their products are marketed and sold through Fidelity.Read more >
Small Talk

ON THIS DATE: In 1790, Thomas Jefferson reported to President George Washington as the new secretary of state. In 1826, the Rensselaer School in Troy, New York, was incorporated. The school became known as Rensselaer Polytechnic Institute and was the first engineering college in the U.S. In 1859, in Philadelphia, the first Zoological Society was incorporated. In 1910, the Senate granted ex-President Teddy 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 was in contradiction to the Bible’s account of man’s creation. In 1928, President Calvin Coolidge gave the Congressional Medal of Honor to Charles Lindbergh for his first trans-Atlantic flight. In 1945, during World War II, Allied bombers began four days of raids over Germany. 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 1966, in New York, demolition work began to clear thirteen square blocks for the construction of the original World Trade Center. In 1980, President Jimmy Carter announced to the U.S. Olympic Team that they would not participate in the 1980 Summer Games in Moscow as a boycott against Soviet intervention in Afghanistan. In 1994, Steven Spielberg won his first Oscars. They were for best picture and best director for “Schindler’s List.”

SURVEY SAYS: When I expected a decent refund, I filed my tax return as soon as I had the information I needed, but like many, this year, I was hit with a surprise. This week, I’d like to know, when do you usually file your income tax return? You may respond to this week’s survey by 6 p.m. Pacific time today.Read more >
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Editorial: Alison Cooke Mintzer


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