Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 26th, 2014
Benefits & Administration
Nearly half of working professionals think their employer does not invest enough in their health and wellness, a survey says. A survey by One Medical Group, a primary care system, indicates that better health benefits can be used to attract and retain employees.Read more >
Changing Jobs Hard on Millennial Retirement Savings
Millennials change jobs more frequently, giving them more opportunities to cash out of their 401(k) plans and cut into future retirement savings, says Spencer Williams of Retirement Clearinghouse. At the same time, the steadily increasing adoption of auto enrollment in 401(k) plans means that by the time they are 30, they might have been auto-enrolled in three accounts. “Three small account balances is not a good thing,” Williams tells PLANSPONSOR. The problem is that each small account (on average, the balance is $3,000) is like waving free money in front of the Millennial plan participant, he contends.Read more >
Apps may get a lot of attention, but mobile-optimized sites with transaction capabilities are what plan sponsors and participants really want, according to Corporate Insight research. A new analysis from Corporate Insight, “Mobile App Alternative: Reviewing Mobile-Optimized Websites,” takes a look at mobile-optimized sites available to retirement plan participants.Read more >
Products, Deals & People
The Plan Sponsor Council of America (PSCA) re-launched its online ERISA Fiduciary Training Program. “The course has been updated to reflect the latest legislative, Internal Revenue Service (IRS) and Department of Labor (DOL) changes since the program was first made available in 2011,” says PSCA Executive Director Robert Benish.Read more >
Firm Offers Financial Wellness via Investment Menu
Now available on more than 20 retirement plan platforms, the Edge Collective Fund Series brings financial wellness services to plan participants directly through the investment menu. The series consists of three separate funds similar to asset allocation funds—conservative, moderate and growth, Edge 401k Funds co-founder Tom Ruggie tells PLANSPONSOR. Participants allocating to the Edge funds inside their 401(k) will be proactively contacted by qualified customer relationship managers from Edge 401k Funds three times a year, who will then schedule time for those participants to speak with a financial coach regarding their overall financial wellness needs.Read more >
TRIVIAL PURSUITS: How Many Phils Have There Been?
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
2022 Recordkeeping Survey
Maximum Benefit and Contribution Limits Table 2023
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
NFP, a broker and consultant, announced the expansion of NFP Marketplace, its private exchange for workplace health care benefits. Through new partnerships with GetInsured and HealthPlanOne, NFP Marketplace enables employers to offer affordable health insurance options to retirees, COBRA-eligible individuals, and employees who do not qualify for sponsored plans.Read more >
Industry Voices
Industry Voices: Why the Correct Compensation Matters
We’ve all been in a “don’t shoot the messenger” situation where you have to be the bearer of bad news even if you did nothing to cause the problem. That’s precisely the situation that our client, Nancy, found herself in when she took over as director of Human Resources and Employee Benefits at a prominent local company. We sat across from her at her new stately desk as she explained how her predecessor failed to check a box in the payroll system that withheld employee elective 401(k) deferrals from bonuses and how that little unchecked box was going to potentially cost her new boss big bucks. Now, Nancy found herself in the unenviable position of explaining how this happened in the first place.Read more >
Economic Events
The Conference Board Consumer Confidence Index, which had rebounded in October, declined in November. The Index now stands at 88.7 (1985=100), down from 94.1 in October. The Present Situation Index declined from 94.4 to 91.3, while the Expectations Index decreased sharply to 87.0 from 93.8 in October.
Market Mirror

Tuesday, the Dow slipped 2.96 points (0.02%) to 17,814.94, the NASDAQ ticked up 3.36 points (0.07%) to 4758.25, and the S&P 500 closed 2.38 points (0.12%) lower at 2,067.03. The Russell 2000 decreased by 0.61 (0.05%) to 1,186.33, and the Wilshire 5000 was down 17.87 points (0.08%) at 21,761.12.

On the NYSE, 3.2 billion shares traded, with advancing issues outnumbering declining issues. On the NASDAQ, 2.8 billion shares changed hands, with a slight lead for decliners.

The price of the 10-year Treasury note was up 15/32, with its yield down to 2.255%. The price of the 30-year Treasury bond increased 1 5/32, decreasing its yield to 2.961%.

IRS Amends Safe Harbor Rollover Explanations
The Internal Revenue Service (IRS) has amended the two safe harbor explanations that can be used to satisfy the requirement that certain information be provided to recipients of eligible retirement plan rollover distributions. The amendments and model notices are issued following the IRS’ new guidance for allocating pre-tax and after-tax amounts among distributions that are made to multiple destinations from a qualified plan. They also address in-plan Roth rollovers.Read more >
From the Magazine
A Message from Our Editor-in-Chief
Thanksgiving has always been near and dear to me because it revolves around two of my favorite things: family and food. Also, it isn’t a day to get more “stuff,” but instead encourages us to take the time to appreciate what we already have. With that in mind, I thought this issue would be an appropriate time to share one of my family’s nightly traditions and describe what I am grateful for—here, in the retirement plan industry.Read more >
Small Talk

ON THIS DATE: In 1922, in Egypt’s Valley of the Kings, British archaeologists Howard Carter and Lord Carnarvon became the first souls to enter King Tutankhamen’s tomb in more than 3,000 years. In 1941, President Franklin D. Roosevelt signed a bill officially establishing the fourth Thursday in November as Thanksgiving Day. In 1942, “Casablanca,” a World War II-era dramatic film starring Humphrey Bogart and Ingrid Bergman, premiered in New York City.


WEDNESDAY WISDOM: “Reflect upon your present blessings, of which every man has plenty; not on your past misfortunes, of which all men have some.”—Charles Dickens, novelist


We wish everyone a very happy Thanksgiving! We are off Friday, so NewsDash will be back in your inbox Monday morning.
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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Copyright © Asset International, Inc., 2014.

All rights reserved.  No reproduction without prior authorization.

Editorial: Alison Cooke Mintzer


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