Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 13th, 2019
Benefits & Administration
Employer Health Benefit Costs to Rise 6.5% in 2020
A focus on managing chronic conditions, and education to improve health care utilization can help employers manage cost increases.Read more >
Public-Sector Employees Shouldering More Risk in Retirement Plans
NASRA says since 2009, more than 35 states increased required employee contribution rates, and more states maintain plans in which the employee contribution rate may change, depending on the pension plan’s actuarial condition or other factors.Read more >
Increasing Employers’ Return on Health Benefit Spend During Open Enrollment
Employers need to focus on getting employees into the right plans for them and maximizing the use of their benefits.Read more >
Products, Deals and People
Investment Product and Service Launches
Wilmington Trust and Federated offer CITs to DC clients, and Cohen & Steers closes real estate fund share classes.Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
Social Security Administration Announced COLA for 2020
3
Updating TDFs to Provide Better Retirement Income
4
IRS Announces Contribution and Benefit Limits for 2019
5
Plan Participants Have Their Own Responsibilities for Cybersecurity
Sponsored message from Ayco
2019 Executive Benefits Survey
Sign up to receive our exclusive 2019 Executive Benefits Survey.Read more >
Economic Events

In August, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1%, seasonally adjusted (SA); rising 1.7% over the year, not seasonally adjusted (NSA), the Bureau of Labor Statistics revealed. The index for all items less food and energy rose 0.3% in August, SA; up 2.4% over the year, NSA.

Real average hourly earnings increased 0.4% over the month in August, SA. Average hourly earnings increased 0.4% and CPI-U increased 0.1%. Real average weekly earnings increased 0.6% over the month.

In the week ending September 7, the advance figure for seasonally adjusted initial claims for unemployment insurance was 204,000, a decrease of 15,000 from the previous week’s revised level of 219,000, the Labor Department reported. The four-week moving average was 212,500, a decrease of 4,250 from the previous week’s revised average of 216,750.

The average interest rate for a 30-year fixed-rate mortgage is 3.56%, up from 3.49% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.09%, up from 3%.

Market Mirror

Thursday, the Dow was up 45.41 points (0.17%) at 27,182.45, the NASDAQ gained 24.79 points (0.30%) to finish at 8,194.47, and the S&P 500 closed 8.64 points (0.29%) higher at 3,009.57. The Russell 2000 climbed 32.08 points (2.08%) to 1,575.07, and the Wilshire 5000 increased 62.89 points (0.20%) to 30,785.60.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.786%. The price of the 30-year Treasury bond fell 31/32, increasing its yield to 2.269%.

Compliance
Parties in MIT Excessive Fee Lawsuit Agree to Settle
They have filed a joint motion to stay all trial dates, but have not yet prepared details of the settlement agreement.Read more >
Inherent Murkiness of ERISA Litigation Prevents Progress
There has actually been relatively little helpful legal insight published by the courts, due to the fact that many ERISA cases end with settlements, while others are dismissed early on for pleading deficiencies.Read more >
Small Talk

ON THIS DATE: In 1898, Hannibal Williston Goodwin patented celluloid photographic film, which is used to make movies. In 1922, in El Azizia, Libya, the highest shade temperature was recorded at 136.4 degrees Fahrenheit. 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 Senate and became the first woman to serve in both houses of Congress. In 1949, the Ladies Professional Golf Association of America was formed. In 1971, in New York, National Guardsmen stormed the Attica Correctional Facility and put an end to a four-day revolt. A total of 43 people were killed in the final assault. In 1977, the first diesel automobiles were introduced by General Motors. In 2001, Secretary of State Colin Powell named Osama bin Laden as the prime suspect in the terror attacks on the United States on September 11. In addition, limited commercial flights resumed in the U.S. for the first time in two days.

And now it’s time for FRIDAY FILES!

What an amazing save!Read more >
Dog gets very dramatic about nail clipping.Read more >
A cool way to start the school day, and the teacher has a great memory.Read more >

In Safety Harbor, Florida (ironic name), a man woke up to find a person in his home cooking and eating. News reports say the burglar told the resident to “go back to sleep,” but ran from the home when the man called authorities.

In Clearwater, Florida, a woman is accused of physically assaulting her wife for… falling asleep in her spot on the bed. According to an arrest affidavit, the victim told police that her wife “was upset she was sleeping in her spot on the bed.” The wife “kicked the victim off the bed with her feet.” When the victim sought to “get back up onto the bed” several hours later, her wife allegedly punched her multiple times in the back of the neck. According to The Smoking Gun, when questioned by Clearwater police, the wife said she “snapped” and did slap the victim, but claimed that she struck the victim because the victim hit her first.

Wishing everyone a wonderful weekend!

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

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