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| Health Plan Participants Want to Know How to Lower Costs |
| HealthMine survey data underscores that health plan participants 64-years-old and younger want more guidance about how to lower health care costs. Twenty-nine percent say they receive cost guidance today, versus 54% who want it. HealthMine says its findings are relevant to the increased use of account-based health plans, which include health savings accounts (HSAs) and health reimbursement accounts (HRAs), and increase plan participant responsibility for cost management.Read more > |
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| Market Mirror |
Yesterday, the Dow closed 85.45 points lower (0.36%) at 23,348.74, the NASDAQ was down 2.30 points (0.03%) at 6,698.96, and the S&P 500 decreased 8.24 points (0.32%) to 2,572.83. The Russell 2000 fell 17.43 points (1.16%) to 1,490.89, and the Wilshire 5000 lost 114.37 points (0.43%) to close at 26,702.97. The price of the 10-year Treasury note increased 12/32, bringing its yield down to 2.370%. The price of the 30-year Treasury bond climbed 22/32, decreasing its yield to 2.886%. |
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| Sponsored message from AVIVA INVESTORS |
Equity volatility: Time to take note?
Stock volatility remains low, but financial market uncertainty seems to be building. Is it time for investors to take heed? Learn more from members of Aviva Investors’ multi-asset team.Read more > |
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| Compliance |
| Ruby Tuesday Settles Age Bias Suit |
| Ruby Tuesday, Inc. will pay $45,000 to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. According to a lawsuit filed in May, the company’s Boca Raton, Florida, location declined to hire a qualified applicant with more than 20 years of experience in the food and beverage industry for a general manager position at its restaurant. In response to an inquiry by the applicant as to why Ruby Tuesday declined to hire him, the company informed him it was seeking a candidate who could “maximize longevity.” The EEOC recently held a hearing to discuss changes that could improve older worker employment.Read more > |
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| From the Magazine |
| Emerging From the Frenzy |
| The 403(b) plan marketplace had been sent into a tailspin. The year was 2007, and the Internal Revenue Service (IRS) had passed a series of regulations that would upend how 403(b) plan sponsors ran their retirement plans. But, 403(b) plan providers and sponsors have taken strides to move forward.Read more > |
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| Investing |
| NEPC Suggests Ways Pensions Can Boost Returns |
| In a survey of 180 pension plans with $280 billion in assets, NEPC discovered that pension plan sponsors expect their portfolios to return 7% or more, which NEPC says is unrealistic. Instead, over the next five to seven years, NEPC expects large-cap equities to return 5.75% and core bonds 2.65%, the company says in its new report, “Power Up Your Pension Plans.” NEPC suggests several ways that pension plans can boost returns.Read more > |
| TDF Concentration Is a Crucial Plan Sponsor Consideration |
| The October 2017 issue of The Cerulli Edge – U.S. Monthly Product Trends Edition discusses the use of open-architecture investing strategies as a way for target-date fund (TDF) managers to benefit from increased demand and a greater desire for transparency. As the report lays out, the main forces behind a given target-date manager choosing open architecture most commonly include the belief that participants benefit from asset manager diversification and the need to outsource allocations where they do not offer best-in-class strategies, according to 77% and 69% of managers, respectively.Read more > |
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| Small Talk |
| ON THIS DATE: In 1517, Martin Luther posted the 95 Theses on the door of the Wittenberg Palace Church. The event marked the start of the Protestant Reformation in Germany. In 1864, Nevada became the 36th state to join the U.S. In 1868, Postmaster General Alexander Williams Randall approved a standard uniform for postal carriers. In 1926, magician Harry Houdini died of gangrene and peritonitis resulting from a ruptured appendix. His appendix had been damaged twelve days earlier when he had been punched in the stomach by a student after commenting on the strength of his stomach muscles and their ability to withstand hard blows. In 1941, Mount Rushmore was declared complete after 14 years of work. In 1952, the U.S. detonated its first hydrogen bomb. In 1956, Rear Admiral G.J. Dufek became the first person to land an airplane at the South Pole. Dufek also became the first person to set foot on the South Pole. In 1968, U.S. President Lyndon B. Johnson ordered a halt to all U.S. bombing of North Vietnam. In 1969, Wal-Mart Discount City stores were incorporated as Wal-Mart Stores, Inc. In 2001, Microsoft and the U.S. Justice Department reached a tentative agreement to settle the antitrust case against the software company. In 2008, Distribution Video Audio, Inc. shipped its final shipment of VHS tapes to stores. The company was the last major United States supplier of pre-recorded VHS tapes. |
| TRIVIAL PURSUITS: Where was the first skyscraper built in America?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 > |
