Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 14th, 2018
Butch Lewis Act Would Cost ‘Just $34 Billion,’ Dems Argue
Senate Democrats are highlighting the publication of the Congressional Budget Office’s scoring of proposed legislation known as the Butch Lewis Act, which seeks to “put union pension plans back on solid footing” via the launch of an emergency government loan program. Read more >
PLANSPONSOR Defined Contribution Survey Open Through Sept. 28
Sponsors of defined contribution (DC) plans are invited to respond to the annual PLANSPONSOR DC Survey through September 28. The survey is among our largest and most important research project of the year, but we need your clients’ help for it to be a success. Read more >
Using ‘Value of Investment’ to Measure Financial Wellness Programs
A subset of return on investment, VOI is more nuanced, MassMutual says. Read more >
Modern Retirement Framework Must Consider Health Care Costs
Vanguard engaged Mercer Health and Benefits to develop a new model to forecast health care costs for U.S. retirees; the effort has resulted in a number of pragmatic recommendations for individuals and employers. Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Ready for PTE 2020-02 July 1 Enforcement?
Retirement Industry People Moves
Significant Retirement Bill Moves Forward in Senate
Olin Corp. Soundly Defeats ERISA Lawsuit
Sponsored message from Charles Schwab
Making Workplace Financial Wellness Actionable: Moving Beyond Education
The notion of promoting financial wellness through workplace programs has been gaining traction for several years now. Still, fewer than one in four employers have implemented a financial wellness program, and many remain uncertain about what such a program should look like. Read more >
PBGC Issues Rules to Facilitate Mergers of Multiemployer Plans
The Pension Benefit Guaranty Corporation says that mergers can protect the benefits earned by workers and retirees and extend the solvency of troubled plans. Read more >
Investment Product and Service Launches
Securian Incorporates Custom Investment Models and American Century Expands ETF Suit. Read more >
Market Mirror
Yesterday, the Dow closed 147.07 points (0.57%) higher at 26,145.99, the NASDAQ gained 59.48 points (0.75%) to finish at 8,013.71, and the S&P 500 was up 15.26 points (0.53%) at 2,904.18. The Russell 2000 closed 1.38 points (0.08%) lower at 1,714.32, and the Wilshire 5000 increased 128.34 points (0.43%) to 30,245.40.   The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.976%. The price of the 30-year Treasury bond fell 5/32, bringing its yield up 3.113%.
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