| | HSA Conference October 2 | | In light of rising medical costs, health savings accounts (HSAs) have experienced significant asset growth and wide adoption nationally. These programs have entered the spotlight for their triple-tax-advantaged status and flexibility as both a short-term and long-term savings vehicle. Employers are adding them, in combination with a high-deductible health plan (HDHP), as part of an overall benefits program. Just a week from today in New York City, PLANSPONSOR is hosting a one-day conference focused on offering insights to all of those working with HSAs or wondering how to offer them. | | The conference agenda will encompass multiple aspects of these accounts, to help employers and advisers best oversee and support 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. | | Among our speakers are Jack Towarnicky, executive director of the Plan Sponsor Council of America, and Sara Caddy, benefits manager at Dimensional Fund Advisors. Kevin Robertson from HSA Bank will present the keynote, titled “Maximize Your HSA Program for Both Health and Wealth,” during which he will provide employers and advisers with guidance on how HSAs differ from traditional retirement vehicles when it comes to administrative oversight, contribution structures, investment plan design and the participant experience. Check out the updated agenda online and register today!Read more > |
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| | Market Mirror | Yesterday, the Dow lost 181.45 points (0.68%) to finish at 26,562.05, the NASDAQ was up 6.29 points (0.08%) at 7,993.25, and the S&P 500 decreased 10.30 points (0.35%) to 2,919.37. The Russell 2000 was down 7.00 points (0.41%) at 1,705.32, and the Wilshire 5000 closed 110.64 points (0.36%) lower at 30,313.36. The price of the 10-year Treasury note was down 3/32, increasing its yield to 3.076%. The price of the 30-year Treasury bond decreased 832, bringing its yield up to 3.214%. | | | Best of PSNC Coming Up This Fall | | Calling all plan sponsors and advisers in or around Boston, Chicago, Houston, New York City and San Francisco! For the third year, we are taking the highlights of our PLANSPONSOR National Conference (PSNC) on the road in focused, half-day event for plan sponsors and advisers, in mid-to-late November. Like the full-length PSNC, the program will drill down into the latest industry trends and best practices in critical areas. | | Panelist discussions will help plan sponsors craft a plan that meet the needs of their unique work force while implementing proper corporate governance that allows them to manage their fiduciary duties. The conference agenda will cover regulation/legislation/litigation, financial wellness, investment menu trends, and participant communication and education, among other topics. | | For plan sponsors—whether you work on the finance, treasury or human resource (HR) side of the retirement plan—Best of the PSNC provides you with information you can take back to your office and use immediately to ensure your plan runs at its peak.Read more > | | | Small Talk | | ON THIS DATE: In 1493, Christopher Columbus left Spain with 17 ships on his second voyage to the Western Hemisphere. In 1775, Ethan Allen was captured by the British during the American Revolutionary War. He was leading the attack on Montreal. In 1789, the first U.S. Congress adopted 12 amendments to the Constitution. Ten of the amendments became the Bill of Rights. In 1847, during the Mexican-American War, U.S. forces led by General Zachary Taylor captured Monterrey Mexico. In 1890, the Sequoia National Park was established as a U.S. National Park in Central California. In 1890, Mormon President Wilford Woodruff issued a Manifesto in which the practice of polygamy was renounced. In 1957, 300 U.S. Army troops stood guard as nine black students were escorted to class at Central High School in Little Rock, Arkansas. The children had been forced to withdraw 2 days earlier because of unruly white mobs. In 1965, Willie Mays, at the age of 34, became the oldest man to hit 50 home runs in a single season. He had also set the record for the youngest to hit 50 ten years earlier. In 1978, Melissa Ludtke, a writer for “Sports Illustrated”, filed a suit in a U.S. District Court. The result was that Major League Baseball could not bar female writers from the locker room after the game. In 1981, Sandra Day O’Connor became the first female justice of the U.S. Supreme Court when she was sworn in as the 102nd justice. In 1995, Ross Perot announced that he would form the Independence Party. | | TRIVIAL PURSUITS: From where did the word ‘embargo’ originate?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 > |
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