Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 17th, 2018

PLANSPONSOR Defined Contribution Survey Open

Sponsors of defined contribution (DC) plans are invited to respond to our annual DC Survey through September 28. The survey is our largest and most important research project of the year, but we need your help for it to be a success. Read more >
Benefits & Administration
Innovative Health Cost Saving Strategies Paying Off for Employers
Based on the first 1,566 responses to the Mercer National Survey of Employer-Sponsored Health Plans, Mercer projects that health benefit cost per employee will rise by 4.1% on average in 2019, down from 6.5% and 5.3% in previous years. In past years, common employer cost-control tactics included raising deductibles and offering less generous plans. For 2019, however, fewer than half of the responding employers (44%) will be making these types of changes. But many employers are adopting new technology-enabled tools and solutions to address the root causes of the high cost of health care without cutting benefits or increasing the financial burden on employees. Read more >
2019 Awards Nominations
2019 Awards Nominations Are Open
The nomination process has begun for the 2019 Plan Sponsor of the Year and Retirement Plan Adviser of the Year Awards. As we have in the past years, PLANSPONSOR is soliciting your help in identifying qualified candidates for each award. If you work with or for, or know of, a great plan sponsor, plan adviser or plan adviser team, please help us recognize the best in the business. Read more >
Products, Deals and People
Retirement Industry People Moves
Stadion Names New Retirement Strategies CIO; Nationwide Names New Marketing Leader; Experienced ERISA Experts Join Steptoe & Johnson LLP; and more. Read more >
MOST READ ARTICLES
1
Adidas Sued Over Excessive Fees for 401(k) Participants
2
(b)lines Ask the Experts – Proper Delivery Method for SPDs
3
Yale Sued Over Wellness Program ‘Penalty’
4
Employees in Two States Miss Out on One HSA Benefit
5
Some Help for Women’s Retirement Savings Gap May Be Coming
Economic Events

The combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,454.1 billion, up 0.2% from June and up 8.1% from July 2017, the Census Bureau reported.

 

Advance estimates of U.S. retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $509.0 billion, an increase of 0.1% from the previous month, and 6.6% above August 2017.Total sales for the June through August period were up 6.5% from the same period a year ago. The June to July percent change was revised from up 0.5% to up 0.7%. Retail trade sales were up 0.1% from July, and 6.2% above last year. Gasoline Stations were up 20.3% from August 2017, while Nonstore Retailers were up 10.4% from last year.

 

THE ECONOMIC WEEK AHEAD: Wednesday, the Census Bureau will report about housing starts for August. Thursday, the Labor Department will issue its initial claims report, and the National Association of Realtors will report about existing home sales for August.

Sponsored message from Vanguard
How TDFs can help combat inflation
Can target-date funds (TDFs) withstand increasing inflationary pressures? We believe so, all while providing long-term growth in excess of inflation. Read more >
Market Mirror

Friday, the Dow was up 8.68 points (0.03%) at 26,154.67, the NASDAQ was down 3.67 points (0.05%) at 8,010.04, and the S&P 500 was virtually unchanged at 2,905.01. The Russell 2000 closed 7.40 points (0.43%) higher at 1,721.72, and the Wilshire 5000 increased 30.12 points (0.10%) to 30,275.52.

 

The price of the 10-year Treasury note was down 5/32, increasing its yield to 2.991%. The price of the 30-year Treasury bond decreased 13/32, bringing its yield up to 3.131%.

 

WEEK’S WORTH: For the week ending September 14, the Dow increased 0.92%, the NASDAQ climbed 1.36%, and the S&P 500 finished 1.16% higher. The Russell 2000 was up 0.50%, and the Wilshire 5000 gained 1.19%.

Compliance
Former Church Employees Awarded Retirement Benefits
Evidence was presented that showed supplemental retirement benefits were placed in the church’s building campaign. Read more >
Judge Moves Forward Some Claims in M&T Bank Proprietary Funds Suit
Several defendants, including M&T Bank and certain Wilmington Trust subsidiaries were found not to be fiduciaries and dismissed from the case; however excessive fee allegations and a prohibited transaction claim were moved forward against the bank’s retirement plan committee. Read more >
Investing
Have Risk Lessons Been Learned From Financial Crisis?
Industry observers fear that 10 years following the collapse of Lehman Brothers, many investors, including retirement plan investors, may have forgotten lessons that should have been learned. Read more >
Small Talk

ON THIS DATE: In 1778, the United States signed its first treaty with a Native American tribe, the Delaware Nation. In 1787, the Constitution of the United States of America was signed by delegates at the Constitutional Convention. In 1796, President George Washington’s Farewell Address was read before Congress. In 1862, the Battle of Antietam took place during the American Civil War. More than 23,000 men were killed, wounded or missing. The Rebel advance was ended with heavy losses to both armies. In 1872, Phillip W. Pratt patented a version of the sprinkler system. In 1920, the American Professional Football Association was formed in Canton, Ohio. It was the precursor to the National Football League (NFL). In 1930, construction on Boulder Dam, later renamed Hoover Dam, began in Black Canyon, near Las Vegas. In 1937, at Mount Rushmore, Abraham Lincoln’s face was dedicated. In 1947, the first U.S. Secretary of Defense, James V. Forrestal, was sworn in to office. In 1961, the Minnesota Vikings debuted as a new National Football League (NFL) team. In 1962, U.S. space officials announced the selection of Neil A. Armstrong and eight others as new astronauts. In 1963, “The Fugitive” premiered on ABC-TV. In 1964, “Bewitched” premiered on ABC-TV. In 1965, “Hogan’s Heroes” debuted on CBS-TV. In 1966, “Mission Impossible” premiered on CBS-TV. In 1972, “M*A*S*H” premiered on CBS-TV. In 1983, Vanessa Williams, as Miss New York, became the first black woman to be crowned Miss America. In 1984, 9,706 immigrants became naturalized citizens when they were sworn in by U.S. Vice-President George Bush in Miami. It was the largest group to become U.S. citizens. In 1984, Reggie Jackson hit his 500th career home run. It was exactly 17 years from the day he hit his first major league home run.

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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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