Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 4th, 2017
Benefits & Administration
Employers Say They Will Keep Key ACA Provisions
Research from Willis Towers Watson suggests that, as Congress continues to consider repealing and replacing the Affordable Care Act (ACA), employers expect to retain some of the law’s popular provisions, “even if they are not required to by a new law.” Survey data provided by the firm shows more employers plan to keep popular provisions than make changes. “For example, if unlimited lifetime benefits are repealed, employers are more than three-times more likely to keep them in place than they are to reinstitute lifetime dollar limits, at 50% versus 15%, respectively,” Willis Towers Watson reports. Read more >
Most Americans Using Tax Refunds to Improve Financial Well-Being
The majority of Americans (53%) plan to put their tax refund toward necessary expenses, such as student loans and credit card payments, according to a study from Edward Jones. Student loans and credit card debt are two obstacles to employees saving for retirement, studies have shown. In addition, the survey found nearly one-third (31%) plan to save their refund. Results vary by demographics. Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
2
Congressional Leaders Want SECURE Act Passage in 2019
3
New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans
4
IRS Releases 2019-2020 Priority Guidance Plan
5
DC Plans 3.0 Will Really be Tailored to Individual Situations
Market Mirror

Wednesday, the Dow was up 8.01 points (0.04%) at 20,957.90, the NASDAQ closed 22.82 points (0.37%) lower at 6,072.55, and the S&P 500 was down 3.04 points (0.13%) at 2,388.13. The Russell 2000 decreased 8.44 points (0.60%) to 1,390.92, and the Wilshire 5000 lost 89.71 points (0.36%) to finish at 24,864.26.

The price of the 10-year Treasury note decreased 12/32, bringing its yield up to 2.325%. The price of the 20-year Treasury bond was down 1/32, increasing its yield to 2.972%.

Compliance
FSR Makes Retirement Plan Recommendations to Treasury
Among other things, FSR said Treasury should replace the DOL’s current fiduciary rule with a “best interest standard” adopted by SEC and state insurance regulators. Read more >
Retirement Plans Not Out of the Woods Yet on Tax Reform
While President Donald Trump’s tax plans don’t seem to include proposals affecting retirement accounts, we are not out of the woods yet, according to Will Hansen, senior vice president of retirement and compensation policy at the ERISA Industry Committee (ERIC), based in Washington, D.C. Congress has proposals on the table that directly impact the tax treatment of retirement plans, including proposals to make defined contribution (DC) deferrals after-tax (Roth) instead of pre-tax. Read more >
Investing
Participants Should Brace for Lower Returns
What investment experts are telling investors, young and old, to do in response. Read more >
Small Talk

ON THIS DATE: In 1626, Dutch explorer Peter Minuit landed on Manhattan Island. Native Americans later sold the island (20,000 acres) for $24 in cloth and buttons. In 1715, a French manufacturer debuted the first folding umbrella. In 1905, Belmont Park opened in suburban Long Island. It opened as the largest race track in the world. In 1942, the Battle of the Coral Sea commenced as American and Japanese carriers launched their attacks at each other. In 1970, the Ohio National Guardsmen opened fire on students during an anti-Vietnam war protest at Kent State University. Four students were killed and nine others were wounded. In 1979, Margaret Thatcher became Britain’s first woman prime minister. In 2012, in Las Vegas, Google received the first self-driving vehicle testing license.

SURVEY SAYS: We covered a survey that found more than half of senior managers find the most distracting or annoying aspect of employee workspaces to be sloppiness or disorganization. This week, I’d like to know, is your workstation messy, and has anyone ever said anything to you about it? You may respond to this week’s survey by 6 p.m. Pacific time today. Read more >
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: advertise@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