Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 20th, 2018
Benefits & Administration
Some Plan Design Choices Could Undermine Participant Outcomes
Setting defaults too low, choosing the wrong default investment and offering company stock as an investment option could result in unintended consequences, BlackRock found. Read more >
Employer Health Benefit Costs Predicted to Be Lower in 2019
Costs for employer-sponsored health care plans, including premiums for medical and prescription drug coverage, will increase at a slower rate in 2019, but will continue to outpace general inflation, according to Buck’s 37th National Health Care Trend Survey. More favorable claim experience and a reduction in provider reimbursement rates were cited by respondents as two key reasons for the projected slowdown in trend increases in 2019. Read more >
Products, Deals and People
UBS Offers Financial Wellness Content to Equity Compensation Participants
UBS says beginning with this launch, it intends to deliver a comprehensive set of workplace wellness services and tools to the firm’s existing corporate client base of over 10,000 clients. Read more >
myStockOptions.com Updates Year-End Planning Web Page
Employees with equity grants, employee stock purchase plans and company shares should be aware of effects from the Tax Cuts and Jobs Act. Read more >
MOST READ ARTICLES
1
IRS Announces 2019 HSA Contribution Limits
2
4% Rule Not a Reliable Retirement Income Withdrawal Strategy for All People
3
Lawsuit Argues MetLife Pension Calculations Use Outdated Mortality Table
4
Financially Well Employees Buoy the Bottom Line
5
401(k) Plan Sponsors Enhancing Plan Design
Market Mirror

Yesterday, the Dow dropped 395.78 points (1.56%) to 25,017.44, the NASDAQ fell 219.40 points (3.03%) to 7,028.48, and the S&P 500 lost 45.54 points (1.66%) to finish at 2,690.73. The Russell 2000 closed 30.99 points (2.03%) lower at 1,496.54, and the Wilshire 5000 plunged 503.88 points (1.79%) to 27,702.31.

 

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 3.062%. The price of the 30-year Treasury bond was down 3/32, increasing its yield to 3.322%.

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Compliance
Court Tosses Unreasonable Recordkeeping Fee Claim Against Franklin Templeton
Although she moved forward most claims in a self-dealing lawsuit against Franklin Templeton Resources, U.S. District Judge Claudia Wilken of the U.S. District Court for the Northern District of California granted the firm’s cross-motion for partial summary judgment on the breach of fiduciary duty claim as to the reasonableness of Franklin Templeton’s 401(k) recordkeeping fees. Wilken pointed out that the defendants established that the administrative committee had in place a process to determine and subsequently oversee recordkeeping fees. Read more >
Senate Democrats Present Bill to Encourage Workers to Save for Retirement
The bill would revive the myRA program and replace the Saver’s Credit with a government matching contribution. Read more >
Small Talk

ON THIS DATE: In 1789, New Jersey became the first state to ratify the Bill of Rights. In 1901, the second Hay-Pauncefoot Treaty provided for construction of the Panama Canal by the U.S. In 1943, during World War II, U.S. Marines began their landing on Tarawa and Makin atolls in the Gilbert Islands. In 1945, 24 Nazi leaders went before an international war crimes tribunal in Nuremberg, Germany. In 1962, the Cuban Missile Crisis ended. The Soviet Union removed its missiles and bombers from Cuba and the U.S. ended its blockade of the island. In 1962, Mickey Mantle was named the American League Most Valuable Player for the third time. In 1967, the Census Clock at the Department of Commerce in Washington, D.C., went past 200 million. In 1969, the Nixon administration announced a halt to residential use of the pesticide DDT as part of a total phase out of the substance. In 1986, the one billionth Little Golden Book was printed. The title was The Poky Little Puppy. In 2001, the U.S. Justice Department headquarters building was renamed the Robert F. Kennedy building by President George W. Bush. The event was held on what would have been Kennedy’s 76th birthday.

TRIVIAL PURSUITS: What department store created the first Thanksgiving Day Parade in the United States? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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

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