Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 11th, 2019

Retirement Plan Cybersecurity Disclosure to Make Everyone Satisfied

Retirement plan sponsors want to know their service providers are taking steps to protect participant data, but providers are concerned about releasing confidential information. Read more >
Benefits & Administration
Successful Financial Wellness Programs Go Beyond Just Education
Top recordkeeper financial wellness programs provide tools that offer data visualizations, calls to action, dynamic modeling and follow-up options, according to Corporate Insight. Read more >
Partial Bundling Overtakes Full Bundling for Retirement Plan Services
Particularly in the small- and mid-sized plan segments, industry analysts tend to agree that the prevalence of partially bundled plans will likely remain prevalent for some time, in part because recordkeepers are facing fee compression. Read more >
MOST READ ARTICLES
1
Principal Pledges Seamless Transition for Wells Fargo Recordkeeping Clients
2
Study Suggests Reasons Most Physical Wellness Programs Don’t Work
3
Lowe’s Defense Fails to Get ERISA Suit Dismissed
4
Schwab Arbitration Ruling Leaves Unanswered Questions
5
Employer Health Benefit Costs to Rise 6.5% in 2020
Lincoln Offers Suggestions for Boosting Employee Retirement Confidence
Lincoln’s inaugural Consumer Retirement Index found only 25% of Americans are very confident about retirement, but there are steps that sponsors and advisers can take to improve this outlook, Jamie Ohl, president of the retirement business at Lincoln Financial Group, tells PLANSPONSOR. Read more >
Economic Events

In March, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4%, seasonally adjusted (SA); rising 1.9% over the year, not seasonally adjusted (NSA). The index for all items less food and energy rose 0.1% in March, SA; up 2.0% over the year, NSA.

 

Real average hourly earnings decreased 0.3% over the month in March, SA. Average hourly earnings increased 0.1% and CPI-U increased 0.4%. Real average weekly earnings were unchanged over the month.

Market Mirror

Tuesday, the Dow gained 6.58 points (0.03%) to finish at 26,157.16, the NASDAQ increased 54.97 points (0.70%) to 7,964.24, and the S&P 500 was up 10.01 points (0.35%) at 2,888.21. The Russell 2000 gained 21.87 points (1.40%) to 1,581.55, and the Wilshire 5000 closed 149.80 points (0.50%) higher at 29,860.78.

 

The price of the 10-year Treasury note was up 10/32, decreasing its yield to 2.467%, and the price of the 30-year Treasury bond increased 13/32, bringing its yield down to 2.895%.

Compliance
CIGNA Faces New Allegations in Long-Standing ‘Plan Reformation’ Suit
Plaintiffs in the case allege that CIGNA is not following new calculations ordered by a federal court to remedy its breach of providing inadequate disclosures to participants about its conversion from a traditional defined benefit plan to a cash balance plan. Read more >
Boeing DC Plan Participants Sue Over Inflated Stock Price
The lawsuit, filed on behalf of participants invested in Boeing stock in all of Boeing’s defined contribution plans, alleges the firm breached its fiduciary duty by failing to inform participants of potential market losses due to 737 MAX airplane issues. Read more >
Small Talk

ON THIS DATE: In 1783, after receiving a copy of the provisional treaty on March 13, Congress proclaimed a formal end to hostilities with Great Britain. In 1876, the stenotype was patented by John C. Zachos. In 1876, the Benevolent and Protective Order of Elks was organized. In 1898, President William McKinley asked Congress for a declaration of war with Spain. In 1899, the treaty ending the Spanish-American War was declared in effect. In 1901, construction on the Empire State Building was completed. In 1948, the discovery of the Dead Sea Scrolls was announced in a general press release. In 1951, President Harry Truman fired General Douglas MacArthur as head of United Nations forces in Korea. In 1968, President Lyndon Johnson signed the 1968 Civil Rights Act. In 1970, Apollo 13 blasted off on a mission to the moon that was disrupted when an explosion crippled the spacecraft. The astronauts did return safely. In 1974, the Judiciary Committee subpoenaed President Richard Nixon to produce tapes for impeachment inquiry. In 1980, the Equal Employment Opportunity Commission issued regulations specifically prohibiting se.xual harassment of workers by supervisors. In 1986, Dodge Morgan sailed solo nonstop around the world in 150 days. In 1986, in Groton, Connecticut, the submarine Nautilus exhibit opened to the public.

 

 

No SURVEY SAYS this week.

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

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