| A recent analysis by Aon shows the average
health care rate increase for mid-size and large companies was 3.2% after plan
design changes and vendor negotiations in 2015, marking the lowest rate
increase since Aon began tracking the data in 1996. However, employees are
paying a greater share of health care costs than ever. Aon also found employers
are using a number of strategies to manage costs.Read more > | Changes for Social Security Require Revised Education | In the wake of the Bipartisan Budget Act of
2015, changes to several Social Security claiming strategies have caused a
flurry of questions from plan sponsors and plan advisers. Kevin McGarry,
director of Nationwide Retirement Institute, says the change in file and
suspend has led to a lot of media attention. “More participants are asking
questions,” he tells PLANSPONSOR. “The need for education has increased, and
will likely continue to grow along with interest around the topic.”Read more > | | Products, Deals and People | Investment Product News for the Week | BPV Capital Management partners with AJO and SEI
to launch large cap value CIT; Prudential Investment Management announces name
change.Read more > | | Economic Events | In the week
ending November 7, the advance figure for seasonally adjusted initial claims
for unemployment insurance was 276,000, unchanged from the previous week’s
unrevised level, the Labor Department reported. The four-week moving average
was 267,750, an increase from the previous week’s unrevised average of 262,750.
The average interest rate for a 30-year, fixed-rate
mortgage is 3.98%, up from 3.87% one week ago, according to Freddie Mac. The
average interest rate for a 15-year, fixed-rate mortgage is 3.20%, up from
3.09%.
| | Market Mirror | A deepening
slump in prices for oil, metals and other commodities sent stock prices lower
yesterday, according to the Associated Press. The Dow shed 254.15 points
(1.44%) to close at 17,448.07, the NASDAQ closed 61.94 points (1.22%) lower at
5,005.08, and the S&P 500 decreased 29.04 points (1.40%) to 2,045.96. The
Russell 2000 lost 23.27 points (1.98%) to finish at 1,154.80, and the Wilshire
5000 fell 318.29 points (1.47%) to 21,268.38.
On the NYSE,
3.2 billion shares changed hands, with declining issues outnumbering advancing
issues more than 4 to 1. On the NASDAQ, 2.7 billion shares traded, with a more
than 3 to 1 lead for decliners.
The price of the 10-year Treasury note was down 1/32,
bringing its yield up to 2.313%. The price of the 30-year Treasury bond
increased 13/32, decreasing its yield to 3.093%.
| | Investing | October was a slow month for trades in defined
contribution (DC) plans as participants transferred an average of 0.018% of
total balances per day—the lowest monthly trading level since June 2014,
according to the Aon Hewitt 401(k) Index. When participants made trades, they
favored fixed income over equities.Read more > | Insurers Prepping for Interest Rate Changes | Insurance companies are actively planning for interest
rate changes that will significantly impact the management of investment
portfolios, Cerulli Associates finds in a new survey. The effect of
interest rate movements on insurers’ portfolios has implications for retirement
plan investments.Read more > | | Small Talk | ON THIS DATE: In
1775, during the American
Revolution, U.S. forces captured Montreal. In 1805, Johann George Lehner, a Viennese butcher, invented a recipe
and called it the “frankfurter.” In 1927, the Holland Tunnel opened to the public, providing access
between New York City and New Jersey beneath the Hudson River. In 1942, U.S. President Franklin D.
Roosevelt signed a measure lowering the minimum draft age from 21 to 18. In 1956, the U.S. Supreme Court struck
down laws calling for racial segregation on public buses. In 1971, the U.S. spacecraft Mariner 9 became the first spacecraft to
orbit another planet, Mars. In 1977,
the comic strip “Li’l Abner” by Al Capp appeared in newspapers for
the last time. In 1982, the Vietnam
Veterans Memorial was dedicated in Washington, D.C. In 2001, U.S. President George W. Bush signed an executive order that
would allow for military tribunals to try any foreigners captured with
connections to the terrorist attacks on the United States on September 11,
2001. It was the first time since World War II that a president had taken such
action. In 2009, NASA announced that
water had been discovered on the moon. The discovery came from the planned
impact on the moon of the Lunar Crater Observation and Sensing Satellite
(LCROSS). | SURVEY SAYS:
Until about 9:30 a.m. yesterday, this week’s survey did not include the section
for respondents to make general comments about how they spend their commuting
time. So, for the 60 or so responding readers that did not get the chance to
make general comments, here is your chance to do so, if you want.Read more > | And now it’s time for FRIDAY FILES! | I need an alarm like this.Read more > | In Sugar Land, Texas,
people arriving for work at a shopping center discovered an alligator in the
parking lot—an 800-pound alligator! A trapper was called to take the animal
away. After discovering the gator was blind in one eye and only had partial
vision in the other, it was decided to take the animal to a gator reserve for
its safety.
In Tiffin, Ohio, an
inebr.iated man asked his neighbor to take him to a gas station to buy barbecue
sauce for a chicken dinner. However, store clerks would not let the neighbor
drive the man back home and reported it to police—the neighbor was a 9-year-old
boy.
In Spartanburg County, South
Carolina, police responded to the home of a couple that had called 911
several times. They reported they saw worms and camouflaged people coming out
of the floor of their vehicle, as well as possums and people jumping out of
their refrigerator and microwave. According to WYFF, when deputies were there,
the two said they had photos of the events, but showed them photos of a
basketball goal and tree instead. Because the two had rapid eye tremors and
rapid heart rates, police suspect they were on dru.gs.
| Before launching a bowling ball up a ramp while
driving fast, think it through.Read more > | In Fort Lauderdale, Florida,
officer Michael Szeliga of the Pinellas County Sheriff’s Department, was
scheduled to receive an award at a Mothers Against Dru.nk Driving (MADD)
conference, for making more than 100 DUI arrests. However, according to
RAWSTORY, when he arrived at the conference, his supervisors encountered him, and
described him as being “wasted.” They sent him back to his hotel room to miss
out on both the conference and his award.
In Phoenix, Arizona, police
responded to a report of shoplifting, and one suspect ran and fled up onto the
roof of a Motel 6. He issued a demand for his surrender—special donuts, jelly
filled and covered with powdered sugar, the local NBC station reported. Police
called a Dunkin Donuts, and the manager agreed to help them out. He delivered
the donuts and some coffee, and police apprehended the suspect.
In New
Norfolk, Tasmania, Australia, a pregnant woman awoke one morning to find her
baby was on its way. She called an Ambulance Tasmania dispatcher who asked to
speak to her partner. The dispatcher told her partner, “Have a look and see
what you can see.” Her partner then said, “I’m out of here, I’m going to pass
out or be sick. I’m going.” According to ABC Australia, the dispatcher coached
the woman through the birth herself over the phone.
Have a great weekend! | Share the good news with a friend! Pass the Dash along – and tell your
friends/associates they can sign up for their own copy.Read more > |
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