Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 13th, 2018
Interested in Learning More About HSAs?
Health savings accounts (HSAs) have entered the spotlight for their triple-tax-advantaged status and flexibility as both a short-term and long-term savings vehicle. To help employees understand the accounts’ benefits, it is important for employers and financial professionals to understand the benefits themselves. We are pleased to launch a one-day conference—Tuesday, October 2 in New York City—focused on offering insights to all of those working with HSAs or wondering how to offer them. Topics to be discussed include: current and proposed laws and regulations for HSAs; how HSAs operate; best practices in HSA provider selection and ongoing administration; and how investing HSA assets can increase the potential for long-term savings. Register today!Read more >
Benefits & Administration
Examining the Root Causes of Financial Stress
Two in three retirement plan participants indicate they have moderate to very high levels of financial stress, with one in five Americans report feeling “high” to “very high” financial stress levels, according to recent client polling conducted by OneAmerica. Marsha Whitehead, OneAmerica vice president of enterprise marketing, explains how evaluating top financial concerns provides great insight into the root causes of financial stress.Read more >
August DB Funded Status Remains Level at 91%
The estimated aggregate funding level of pension plans sponsored by Standard & Poor’s (S&P) 1500 companies remained level at 91% in August, as a result of an increase in equity markets that was offset by a decrease in discount rates, according to Mercer. As of August 31, the estimated aggregate deficit of $192 billion decreased by $1 billion, as compared with the $193 billion measured at the end of July.Read more >
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
TRIVIAL PURSUITS: Residents of the Island of Misfit Toys
Working Past Age 65 May Seem Like a Great Idea …
Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income
2021 Recordkeeping Survey
Products, Deals and People
Empower Combines HSA and Retirement Plan Reporting
Empower Retirement launched an “integrated health and wealth experience” aimed at simplifying and clarifying individuals’ savings priorities across their retirement account and health savings account (HSA). According to the firm, the “improved and streamlined Empower experience” allows employees to think about retirement and health savings together and visualize the best way to allocate limited assets.Read more >
Economic Events

The Producer Price Index for final demand declined 0.1% in August, as prices for final demand services decreased 0.1%, and the index for final demand goods was unchanged, according to the Bureau of Labor Statistics. The final demand index rose 2.8% for the 12 months ended in August.

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Market Mirror

Yesterday, the Dow closed 27.86 points (0.11%) higher at 25,998.92, the NASDAQ dropped 18.25 points (0.23%) to finish at 7,954.23, and the S&P 500 was up 1.03 points (0.04%) at 2,888.92. The Russell 2000 closed 2.71 points (0.16%) lower at 1,715.70, and the Wilshire 5000 increased 13.51 points (0.04%) to 30,117.06. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 2.966%.

The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 3.107%.

Advocacy Groups Find Trouble in SEC Adviser Relationship Summary Form
A group of investor advocacy organizations says qualitative user testing found investors would not significantly benefit from the Securities and Exchange Commission’s (SEC) proposal to require investment advisers and broker/dealers to furnish retail clients with a customer relationship summary (CRS) form. AARP, Consumer Federation of America (CFA), and the Financial Planning Coalition say the CRS forms are far too complicated to benefit the average retail investor.Read more >
Small Talk

ON THIS DATE: In 1847, U.S. forces took the hill Chapultepec during the Mexican-American War. In 1935, aviator Howard Hughes, Jr., of Houston, set a new airspeed record of 352 mph with his H-1 airplane (Winged Bullet). In 1948, the School of Performing Arts opened in New York City. It was the first public school to specialize in performing arts. In 1948, Margaret Chase Smith was elected to the U.S. Senate and became the first woman to serve in both houses of the U.S. Congress. In 1949, the Ladies Professional Golf Association of America was formed. In 1956, IBM introduced the RAMAC 305, the first commercial computer with a hard drive that used magnetic disk storage (it weighed more than a ton). In 1970, the first New York City Marathon took place. Fireman Gary Muhrucke won the race. In 1971, in New York, National Guardsmen stormed the Attica Correctional Facility and put an end to the four-day revolt. A total of 43 people were killed in the final assault. In 1971, the World Hockey Association was formed. In 1977, the first diesel automobiles were introduced by General Motors. In 2001, U.S. Secretary of State Colin Powell named Osama bin Laden as the prime suspect in the terror attacks on the United States on September 11, 2001. Limited commercial flights resumed in the U.S. for the first time in two days.

: Sorry, not this week.

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Editorial: Alison Cooke Mintzer


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