Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 7th, 2016
Benefits & Administration
Study Reveals ROI From Financial Wellness Programs
An analysis of retirement plan contribution rates found that employees that improve their financial wellness score from 4 to 6, on a 10-point scale, could potentially improve their retirement plan balance by more than 27%. The study report from Financial Finesse also discusses how to address employees at different stages of financial health.Read more >
DC Survey Now Open
Calling All DC Plan Sponsors
PLANSPONSOR’s Defined Contribution Survey gathers data from thousands of plan sponsors about their plan design and administration, providing industry benchmarks. It also evaluates defined contribution (DC) plan providers according to feedback from their own clients. Now is your chance to participate in our 2016 Defined Contribution Survey.Read more >
Deals and People
Voya Keeps Building Government Markets Team With Rehire
Housing Expenses Drive Spending Volatility in Retirement
Data and Research
Unplanned Financial Challenges Continue to Plague US Workers’ Retirement Savings
Ask the Experts
Coverage Amount for Fiduciary Liability Insurance
“I know from a prior Ask the Experts column about the difference between a Fidelity Bond and Fiduciary liability coverage, but I had a question regarding the amount of coverage. The prior Q&A mentioned that Fidelity Bond coverage is generally 10% of assets up to $500,000, but no corresponding required amount was listed for Fiduciary Liability coverage. Is there any required or recommended amount for coverage under a fiduciary liability insurance policy?”Read more >
Market Mirror

Yesterday, the Dow climbed 46.16 points (0.25%) to 18,538.12, the NASDAQ closed 26.01 points (0.50%) higher at 5,275.91, and the S&P 500 was up 6.50 points (0.30%) at 2,186.48. The Russell 2000 increased by 1.54 (0.12%) to 1,253.37, and the Wilshire 5000 gained 37.28 points (0.16%) to finish at 22,723.98.

On the NYSE, 3.1 billion shares changed hands, with 1.4 advancing issues for every declining issue. On the NASDAQ, nearly 3 billion shares traded, with a slight lead for advancers.

The price of the 10-year Treasury note increased 20/32, bringing its yield down to 1.539%. The price of the 30-year Treasury bond climbed 1 1/32, decreasing its yield to 2.233%.
Sponsored message from MetLife
The Opportunity for Lifetime Income
The valuable role of institutional income annuities in defined contribution plans.Read more >
IRS Updates DB Plan Mortality Tables for 2017
The notice also includes a modified unisex version of the mortality tables for use in determining minimum present value for distributions.Read more >
Industry Providers Encouraged to Collaborate on Portability
Retirement plan service providers are putting their heads together on solving retirement account portability issues.Read more >
Prime Money Market Funds Set to Lose Assets
Money market fund reform is leading retirement plan sponsors to move to different cash strategies.Read more >
Small Talk
Baby Boomers (born 1946 to 1964) are still some of the most motivated and driven members of the workforce, according to a survey by the Futurestep division of Korn Ferry. Many may be retiring later, but employers value their experience and hardworking nature.Read more >

ON THIS DATE: In 1813, the nickname “Uncle Sam” was first used as a symbolic reference to the United States. The reference appeared in an editorial in the New York’s Troy Post. In 1915, Johnny Gruelle received a patent for his Raggedy Ann doll. In 1921, Margaret Gorman of Washington, D.C. was crowned the first Miss America in Atlantic City, New Jersey. In 1930, the cartoon “Blondie” made its first appearance in comic strips. In 1963, the National Professional Football Hall of Fame was dedicated in Canton, Ohio. In 1966, the final episode of the original “The Dick Van Dyke Show” was aired on CBS-TV. In 1971, “The Beverly Hillbillies” was seen for the final time on CBS-TV. In 1977, the Panama Canal treaties were signed by U.S. President Carter and General Omar Torrijos Herrera. The treaties called for the U.S. to turn over control of the canal’s waterway to Panama in the year 2000. In 1979, ESPN, the Entertainment and Sports Programming Network, made its debut on cable TV. In 1986, Dan Marino of the Miami Dolphins threw his 100th career touchdown pass in only his 44th NFL game, setting an NFL record. In 1989, legislation was approved by the U.S. Senate that prohibited discrimination against the handicapped in employment, public accommodations, transportation and communications.


WEDNESDAY WISDOM: “When in doubt, don’t.”—Benjamin Franklin
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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