Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 23rd, 2018
Benefits & Administration
More Employers Looking to Revamp Well-Being Programs
Eighty-four percent of respondents to a survey of 144 benefits brokers by Shortlister, a marketplace for finding and selecting vendors in the wellness, HR technology and benefits space, say employers are moving more to total well-being programs rather than just physical well-being programs. Seventy-nine percent say they are adding more niche point solutions—such as diabetes management, mental well-being and financial wellness. Broadening the focus of traditional, physically focused wellness programs to become more holistic (adding financial, social & mental well-being) is leading more employers to ask about a platform/hub to combine all of their benefits initiatives, 63% of brokers say. Read more >
Employees Say Employer Wellness Programs Are Helping
More than half of employees with access to workplace wellness programs say the programs have made a positive impact on their health, including 62% who say the initiatives translated to improved productivity and 30% who report help detecting a disease, according to findings from UnitedHealthcare’s annual “Wellness Check Up Survey.” Fifty-three percent of people with access to wellness programs said the initiatives have made a positive impact on their health. Of these, 88% said they were motivated to pay more attention to their health; 67% said they lost weight; and 56% reported fewer sick days. “This year’s results underscore the importance of workplace wellness programs, which can encourage well-being, prevent disease before it starts and, as a result, help lower medical costs,” says Rebecca Madsen, UnitedHealthcare chief consumer officer. Read more >
MOST READ ARTICLES
1
(b)lines Ask the Experts – Annuity General Accounts Versus Separate Accounts
2
Over Half of Americans Have Nothing Saved in a Retirement Account
3
An Accurate Perception of Their Finances Eludes Many Americans
4
Sources Say Invesco Will Buy OppenheimerFunds
5
Innovative Health Cost Saving Strategies Paying Off for Employers
Fed Report Offers Picture of Retirement Readiness Situation in America
Over two-fifths of non-retirees think their retirement savings is not on track, and having taken a loan or distribution, as well as discomfort with investing, lowers retirement confidence. Read more >
Products, Deals and People
dailyVest’s Plan Health Tool Gets an Update
dailyVest’s PlanAnalytics plan health dashboard will now utilize retirement readiness data from GuidedChoice, an independent digital investment advisory firm. This will provide plan sponsors, administrators, consultants and advisers with an optimized way to evaluate data, garner insights and pinpoint areas for improvement within defined contribution (DC) plans. Read more >
Market Mirror

Tuesday, the Dow lost 178.88 points (0.72%) to finish at 24,834.41, the NASDAQ was down 15.58 points (0.21%) at 7,378.45, and the S&P 500 decreased 8.57 points (0.31%) to 2,724.44. The Russell 2000 fell 12.20 points (0.75%) to 1,625.24, and the Wilshire 5000 closed 138.64 points (0.49%) lower at 28,360.04.

The price of the 10-year Treasury note was unchanged, with its yield up to 3.060%. The price of the 30-year Treasury bond was down 4/32, increasing its yield to 3.209%.

Compliance
IRS Reminds Plan Sponsors When a Complete Discontinuance of Contributions Occurs
If there is a complete discontinuance of contributions in a profit sharing plan, including a 401(k) plan, the plan is treated as terminated for vesting purposes and affected employees must be 100% vested in their accrued benefit.  Read more >
Small Talk
An employee who can’t keep up with work demands takes a heavier toll on a business than some may think, new research suggests. CFOs estimated how much time is spent coaching underperforming employees, and they tried to quantify the toll a low-performing worker takes on employee morale. Read more >

ON THIS DATE: In 1701, in London, Captain William Kidd was hanged after being convicted of murder and piracy. In 1785, Benjamin Franklin wrote in a letter that he had invented bifocals. In 1788, South Carolina became the eighth state to ratify U.S. Constitution. In 1873, Canada’s North West Mounted Police force was established. The organization’s name was changed to Royal Canadian Mounted Police in 1920. In 1876, Boston’s Joe Borden pitched the very first no-hitter in the history of the National League. In 1879, the first U.S. veterinary school was established by Iowa State University. In 1895, the New York Public Library was created with an agreement that combined the city’s existing Astor and Lenox libraries. In 1900, Civil War hero Sgt. William H. Carney became the first African American to receive the Medal of Honor, 37 years after the Battle of Fort Wagner. In 1934, in Bienville Parish, Louisiana, Bonnie Parker and Clyde Barrow were ambushed and killed by Texas Rangers. In 1937, industrialist John D. Rockefeller died. In 1949, the Republic of West Germany was established. In 1962, the National Basketball Association (NBA) agreed to transfer the Philadelphia Warriors to San Francisco, California. The team became the San Francisco Warriors (and later the Golden State Warriors). In 1995, the Alfred P. Murrah Federal Building in Oklahoma City was demolished. In 1999, Gerry Bloch, at age 81, became the oldest climber to scale El Capitan in Yosemite National Park. He broke his own record that he set in 1986 when he was 68 years old.

 

WEDNESDAY WISDOM: “The time you enjoy wasting is not wasted time.”—Bertrand Russell, British philosopher and Nobel laureate. 

Share the 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 alison.mintzer@strategic-i.com

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

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