Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 8th, 2017
Benefits & Administration
Participants Still Lack Understanding of Fee Disclosures
Years after the Department of Labor (DOL) required fee disclosures be made to retirement plan participants, participant awareness continues to lack, but improvements may be coming.Read more >
Employers Not Taking Full Advantage of Benefits Technology
Only 22% take advantage of technology for benefits education and communication, according to a survey from LIMRA.Read more >
Revised Version of Health Reform Still Lifts Burdens for Employers
After a failed attempt in March, the president managed to get a revised health reform bill passed in the House. Policy leaders discuss how the bill would decrease burdens for employers.Read more >
EARN Act Clears Senate Finance Committee
2021 Recordkeeping Survey
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Products, Deals and People
Retirement Industry People Moves
Segal Group names Chief Actuary; PSCA names Executive Director; Former BlackRock Exec launches Retirement Readiness firm; and more.Read more >
Economic Events

Total nonfarm payroll employment increased by 211,000 in April, and the unemployment rate was little changed at 4.4%, the Bureau of Labor Statistics (BLS) reports. Job gains occurred in leisure and hospitality, health care and social assistance, financial activities, and mining.

THE ECONOMIC WEEK AHEAD: Tomorrow, the Census Bureau will report about wholesale trade for March. Thursday, the Labor Department will issue its initial claims report, and the BLS will reveal the Produce Price Index for April. Friday, the Census Bureau will report about retail sales for April, and the BLS will reveal the Consumer Price Index for April.
Sponsored message from First State Investments
Four tips on active vs passive infrastructure investmentRead more >
Market Mirror

Friday, the Dow gained 55.47 points (0.26%) to finish at 21,006.94, the NASDAQ closed 25.42 points (0.42%) higher at 6,100.76, and the S&P 500 increased 9.77 points (0.41%) to 2,399.29. The Russell 2000 was up 8.15 points (0.59%) at 1,396.99, and the Wilshire 5000 climbed 122.09 points (0.49%) to 24,975.86.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 2.353%. The price of the 30-year Treasury bond increased 7/32, bringing its yield down to 2.991%.

WEEK’S WORTH: For the week ending May 5, the Dow was up 0.32%, the NASDAQ gained 0.88%, and the S&P 500 finished 0.63% higher. The Russell 2000 was down 0.24%, and the Wilshire 5000 increased 0.39%.
Dodd-Frank, Fiduciary Rule Repeal Progresses in Congress
The Financial Services Committee has approved the CHOICE Act for consideration by the full House of Representatives, a move considered by some to be the first real step towards Congressional repeal of Dodd-Frank regulations and the Department of Labor (DOL) fiduciary rule.Read more >
Small Talk
ON THIS DATE: In 1794, the United States Post Office was established. In 1846, the first major battle of the Mexican War was fought. The battle occurred in Palo Alto, Texas. In 1847, the rubber tire was patented by Robert W. Thompson. In 1886, pharmacist Dr. John Styth Pemberton invented what would later be called “Coca-Cola.” In 1914, the U.S. Congress passed a Joint Resolution that designated the second Sunday in May as Mother’s Day. In 1945, U.S. President Harry Truman announced that World War II had ended in Europe. In 1961, New Yorkers selected a new name for their new National League baseball franchise—the Mets. In 1984, the Soviet Union announced that they would not participate in the 1984 Summer Olympics Games in Los Angeles. In 1997, Larry King received a star on the Hollywood Walk of Fame. In 1999, the first female cadet graduated from The Citadel military college.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Is your workstation messy, and has anyone ever said anything to you about it?” Only 16.7% of responding readers said their workstations are messy: however, 27.8% said they are somewhat messy and 18.5% said they are messy sometimes. Asked if their boss or a co-worker made a comment about how their workstation looks, 31.5% of respondents said yes, while 68.5% said no. I also asked readers if they have seen inappropriate or offensive things in a co-worker’s workstation. More than three-quarters (77.8%) reported they have not, and 22.2% reported they have. In verbatim comments, some readers said it doesn’t matter if a workstation is messy as long as the employee is productive, but others said a tidy workstation makes workers more productive. Some readers start the day with a clean desk, but it gets messy as work is added, and many others say their workstation is messy because they have so much work to do. Editor’s Choice goes to the reader who quoted Albert Einstein, “If a cluttered desk is a sign of a cluttered mind, of what, then, is an empty desk a sign?” Thanks to all who responded to the survey!Read more >
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Editorial: Alison Cooke Mintzer


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