Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 18th, 2019
PLANSPONSOR Awards
2020 Awards Nominations Are Open
PLANSPONSOR has opened the nominating process for the annual PLANSPONSOR Plan Sponsor of the Year and Retirement Plan Adviser of the Year awards. For plan sponsors, nominations may be made by providers, advisers, consultants, actuaries, attorneys, third-party administrators, employees and colleagues, or, you can even nominate yourself. The award is given in many categories to recognize all plan types, so any plan sponsor can be eligible. The deadline for the Plan Sponsor of the Year awards nominations is November 8. Read more >
Industry Voices
Sidecar Savings Accounts Create Current and Future Financial Security
As corporate America considers its practical and moral obligations to employees, a logical place for it to focus is on helping each one become more financially secure—both now and post-employment. Read more >
Products, Deals and People
MassMutual Offers Retirement Plan Enrollment App
MassMutual’s RetireSMART Mobile App not only allows users to enroll in their employer’s DC plan, but also to determine how much to contribute from each paycheck and then select their investments. Read more >
MOST READ ARTICLES
1
Study Suggests Reasons Most Physical Wellness Programs Don’t Work
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Employer Health Benefit Costs to Rise 6.5% in 2020
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Avoid Pitfalls to Properly Replacing DC Plan Investments
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Schwab Arbitration Ruling Leaves Unanswered Questions
5
Sidecar Savings Accounts Create Current and Future Financial Security
Sponsored message from Capital Group
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Learn how you can give them the 401(k) they deserve with the target date series from Capital Group, home of American Funds®. Read more >
Market Mirror

Tuesday, the Dow was up 33.98 points (0.13%) at 27,110.80, the NASDAQ gained 32.47 points (0.40%) to finish at 8,186.02, and the S&P 500 closed 7.73 points (0.26%) higher at 3,005.69. The Russell 2000 lost 6.31 points (0.40%) to finish at 1,578.29, and the Wilshire 5000 increased 62.64 points (0.20%) to 30,780.56.

 

The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.811%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 2.273%.

Compliance
U.S. Argues for CalSavers ERISA Preemption in Court Filing
U.S. Attorneys have filed a Statement of the Interest of the United States in a lawsuit, offering evidence that the state-run auto-IRA program is preempted. Read more >
Ask the Experts
Can a 401(a) Plan Account be Rolled Into a 403(b) Plan?
“I recently left the employ of a public school system where I had a 401(a) account. I will now be teaching at a private school that offers a 403(b) plan. I am receiving conflicting advice about whether I can rollover tax free my 401(a) funds into my new employers 403(b) plan. Can the Experts help? Thanks!” Read more >
Small Talk

ON THIS DATE: In 1793, President George Washington laid the actual cornerstone of the U.S. Capitol. In 1851, the first issue of “The New York Times” was published. In 1891, Harriet Maxwell Converse became the first white woman to ever be named chief of an Indian tribe. The tribe was the Six Nations Tribe at Towanda Reservation in New York. In 1927, Columbia Phonograph Broadcasting System made its debut with its network broadcast over 16 radio stations. The name was later changed to CBS. In 1947, the United States Air Force was established as a separate military branch by the National Security Act. In 1955, the “Ed Sullivan Show” began on CBS-TV. The show had been “The Toast of the Town” since 1948. In 1981, a museum honoring former President Gerald Ford was dedicated in Grand Rapids, Michigan. In 2003, Robert Duvall received a star on the Hollywood Walk of Fame.

 

 

WEDNESDAY WISDOM: “Many a trip continues long after movement in time and space have ceased.”—John Steinbeck, American author

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

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