Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 14th, 2017
Webcast Event
In a very special forum—free and exclusively for plan sponsors—the editors of PLANSPONSOR and PLANADVISER magazines invite you to join industry experts on November 28, including one of the nation’s leading institutional investment consultants, one of the largest and most successful asset manager/retirement plan recordkeepers, and one of the nation’s top benefits attorney to discuss 2018 retirement plan trends. Read more >
Benefits & Administration
Workers Will Sacrifice Benefits for Student Loan Repayment Options
As more workers are revealing an interest in student loan repayment benefits within the workforce, a recent survey from Millennial Personal Finance shows employees are willing to sacrifice other benefits for help with repayments. Nearly one-fourth (23%) of respondents said they would forgo health care benefits for student loan repayment help, and 33% would sacrifice retirement benefits. Stress over student loan debt disturbs efficiency in the workforce, the survey also found. Fifty-seven percent of workers replied “yes” when asked if the pressure in repaying student loan debt affects their productivity at work. Read more >
MOST READ ARTICLES
1
Adidas Sued Over Excessive Fees for 401(k) Participants
2
(b)lines Ask the Experts – Proper Delivery Method for SPDs
3
Yale Sued Over Wellness Program ‘Penalty’
4
Employees in Two States Miss Out on One HSA Benefit
5
Some Help for Women’s Retirement Savings Gap May Be Coming
Market Mirror

Yesterday, the Dow increased 17.49 points (0.07%) to 23,439.70, the NASDAQ gained 6.66 points (0.10%) to finish at 6.757.60, and the S&P 500 closed 2.20 points (0.09%) higher at 2,584.50. The Russell 2000 was virtually unchanged at 1,475.07, and the Wilshire 5000 was up 15.52 points (0.06%) at 26,789.88.

 

The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.401%. The price of the 30-year Treasury bond was up 5/32, decreasing its yield to 2.869%.

Sponsored message from AVIVA INVESTORS
AIQ: The Chairman:
How Xi Jinping is shaping China’s future. Read more >
Compliance
Nordstrom Faces 401(k) Plan Excessive Fee Suit
The lawsuit suggests Nordstrom should have offered managed accounts or collective investment trusts (CITs) to participants in its 401(k) plan. Read more >
Appellate Court Affirms Top Hat Plan Change in Crediting Rate
The court found nothing in the plan document prevented the board of the Computer Sciences Corporation Deferred Compensation Plan for Key Executives to amend the plan to introduce a more volatile crediting rate than before. Read more >
Franklin Templeton Faces Familiar Self-Dealing Allegations
The suit alleges that defendants “breached their fiduciary duties by causing the plan to invest in funds offered and managed by Franklin Templeton, when better-performing and lower-cost funds were available.” Read more >
From the Magazine
Moving Money
Most employers prefer to see departing employees roll their money out of the plan, it seems. Asked for their philosophy concerning plan assets of departed participants, just 33.6% of retirement plan sponsors said their organization would rather that terminated employees with material balances remain in their plan, according to the 2016 PLANSPONSOR Defined Contribution (DC) Survey. This attitude could be changing, however, due to several recent developments and plan sponsors’ growing understanding of their rollover-related responsibilities. Read more >
Small Talk

ON THIS DATE: In 1832, the first streetcar went into operation in New York City. The vehicle was horse-drawn and had room for 30 people. In 1851, Herman Melville’s novel “Moby Dick” was first published in the U.S. In 1922, the British Broadcasting Corporation (BBC) began domestic radio service. In 1935, U.S. President Franklin D. Roosevelt proclaimed the Philippine Islands a free commonwealth after its new constitution was approved. In 1968, Yale University announced it was going co-educational. In 1969, Apollo 12 blasted off for the moon from Cape Kennedy, Florida. In 1972, Blue Ribbon Sports became Nike. In 1979, U.S. President Jimmy Carter froze all Iranian assets in the United States and U.S. banks abroad in response to the taking of 63 American hostages at the U.S. embassy in Tehran, Iran. In 1995, the U.S. government instituted a partial shutdown, closing national parks and museums while most government offices operated with skeleton crews.

TRIVIAL PURSUITS: What is the longest recorded case of chronic hiccups? 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: 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