Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 14th, 2016
Benefits & Administration
Employers Shifting Focus From Cutting Health Plan Costs
As November’s presidential election looms near, Mercer asked employers about what they would like to see changed in the Patient Protection and Affordable Care Act (ACA). Eighty-percent of employers with 500 or more employees favor eliminating the excise tax, and 61% favor eliminating the employer mandate or so-called “play or pay” rule, which requires employers with 50 or more employees to offer coverage or face penalties.Read more >
Funding Drops for City and County Retirement Systems
The newly released 2016 report from Wilshire Consulting on the funding levels of city and county retirement plans, finds that the funding ratio for the city and county pension plans studied was 70% in fiscal year 2015, down 4 percentage points from fiscal year 2014.Read more >
New DOL Rule on ESG Investing in Retirement Plans Draws Republican-Led Legal Challenge
Deals and People
Retirement Industry People Moves
Ask the Experts
Does the SECURE 2.0 Act Make 403(b) Plans More Like 401(k) Plans?
10 Developments in the Retirement Plan Industry
Executives from Voya Financial and MassMutual discussed 10 developments in the retirement planning industry.Read more >
Products, Deals and People
To help large employers navigate tax reporting under the ACA, DirectPath partnered with compliance-reporting software firm Sovos to create a one-stop-shop for employers to meet their ACA-reporting needs.Read more >
Sponsored message from Empower Retirement
Empower Retirement’s Lifetime Income Score Report
The sixth annual Lifetime Income ScoreSM report includes survey results from more than 4,000 American workers. Based on individual responses, it estimates the percentage of working income that American households are on track to replace in retirement.Read more >
Market Mirror

Tuesday, the market gave back gains from Monday. The Dow lost 258.32 points (1.41%) to finish at 18,066.75, the NASDAQ closed 56.63 points (1.09%) lower at 5,155.25, and the S&P 500 decreased 32.02 points (1.48%) to 2,127.02. The Russell 2000 was down 23.56 points (1.91%) at 1,212.31, and the Wilshire 5000 fell 349.40 points (1.56%) to 22,114.10.

On the NYSE, 3.1 billion shares traded, with declining issues outnumbering advancing issues more than 8 to 1. On the NASDAQ, 2.9 billion shares changed hands, with a more than 4 to 1 lead for decliners.

The yield for the 10-year Treasury note was 1.729%. The yield for the 30-year Treasury bond was 2.465%.
Ask the Experts
Are SPDs Needed for 457(b) Plans?
“In a recent document review, I discovered that, although all our plan documents were executed and up to date, and most of our plans also provide current summary plan descriptions (SPDs) to plan participants, our 457(b) plan lacked an SPD. Do I need to correct this apparent oversight?”Read more >
From the Magazine
2016 Stock Plan Administration Buyer’s Guide
Equity compensation can be an indispensable business tool, creating long-term value for both public and private companies, but its prominence within an employer’s total compensation strategy has been somewhat diluted since market volatility began taking root.Read more >
Small Talk

ON THIS DATE: In 1814, Francis Scott Key wrote the “Star-Spangled Banner,” a poem originally known as “Defense of Fort McHenry,” after witnessing the British bombardment of Fort McHenry, Maryland, during the War of 1812. In 1847, U.S. forces took control of Mexico City under the leadership of General Winfield Scott. In 1866, George K. Anderson patented the typewriter ribbon. In 1901, U.S. President William McKinley died of gunshot wounds inflicted by an assassin. Vice President Theodore Roosevelt, at age 42, succeeded him. In 1940, the Selective Service Act was passed by the U.S. Congress providing the first peacetime draft in the United States. In 1948, in New York, a groundbreaking ceremony took place at the site of the United Nations’ world headquarters. In 1960, the Organization of the Petroleum Exporting Countries (OPEC) was founded. The core members were Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. In 1972, “The Waltons” premiered on CBS-TV. In 1978, “Mork & Mindy” premiered on ABC-TV. In 1984, Joe Kittinger became the first person to fly a balloon solo across the Atlantic Ocean. In 1999, Disney World closed down for the first time in its 28-year history. The closure was due to Hurricane Floyd heading for Florida. In 2001, the FBI released the names of the 19 suspected hijackers that had taken part in the September 11 terror attacks on the U.S.


WEDNESDAY WISDOM: “Learn to… be what you are, and learn to resign with a good grace all that you are not.”—Henri Frederic Amiel, Swiss philosopher and poet
Share the good 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


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