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PLANSPONSOR NEWSDASH LOGO April 15th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Past Bear Market Strategies No Comfort for DB Plans Right Now
Past Bear Market Strategies No Comfort for DB Plans Right Now
Pension plan consultants are tweaking recommendations for DB plan sponsors during the unprecedented volatility created by the coronavirus pandemic.
Ask the Experts
Does SECURE Act Make It Easier to Terminate a 403(b)?
“I heard that the new SECURE Act retirement plan legislation may have made it easier to terminate a 403(b) plan. If this is the case, can the Experts clarify?”
Most Read
Compliance
Supreme Court Decision in Thole v. U.S. Bank Has Major Implications for Pensions
Compliance
Heroes Act Now In the Hands of a Skeptical Senate
Compliance
Court Finds Plan Sponsor Could Be Found Liable for Retirement Plan Cyberfraud
SPONSORED BY: MassMutual
Coronavirus and Your Company’s Retirement Plan
As more states respond to the Coronavirus by ordering people to shelter in place and closing nonessential business operations, commerce is screeching to a halt. Millions of Americans are being forced onto unemployment rolls, anxiously awaiting their next paycheck and, at least momentarily, postponing saving for retirement.
Market Mirror
Tuesday, the Dow increased 558.99 points (2.39%) to 23,949.76, the NASDAQ climbed 323.32 points (3.95%) to 8,515.74, and the S&P 500 gained 84.43 points (3.06%) to finish at 2,846.06. The Russell 2000 was up 25.29 points (2.09%) at 1,237.33, and the Wilshire 5000 closed 829.62 points (3.00%) higher at 28,477.38.

The price of the 10-year Treasury note increased 24/32, bringing its yield down to 0.747%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 1.400%.
Compliance
PBGC Extends Certain Premium Payment and Filing Deadlines
The action is in response to an IRS extension of some retirement plans’ Form 5500 filing deadlines.
Investment Focus
Seize the Opportunity
Adding ESG investments to the menu involves some analysis.
Small Talk
Employee burnout happens. Add to employee situations remote work, children home from school and social distancing, and it is likely to be happening more so. Forty-five percent of U.S. employees say they are feeling burnout, with one in four indicating that the cause is attributable to the COVID-19 pandemic, according to a new national poll by Eagle Hill Consulting. Amid the crisis, 45% of employees say they are less productive and half say they feel less connected to their colleagues. More than one-third (36%) of employees say their organizations are not taking steps to address employee burnout, the survey found. The survey reveals what steps a few employers are taking.
ON THIS DATE: In 1817, the first American school for the deaf was opened in Hartford, Connecticut. In 1865, at 7:22 a.m., Abraham Lincoln, the 16th president of the United States, died from a bullet wound inflicted the night before by John Wilkes Booth, an actor and Confederate sympathizer. In 1892, the General Electric Company was organized. In 1912, the British ocean liner Titanic sank into the North Atlantic Ocean about 400 miles south of Newfoundland, Canada. In 1947, Jackie Robinson played his first game in Major League Baseball with the National League’s Brooklyn Dodgers, more than 60 years after Moses “Fleet” Fleetwood Walker played a season as catcher for the Toledo Blue Stockings of the American Association, which competed with the National League. In 1952, President Harry Truman signed the official Japanese peace treaty. In 1956, the worlds’ first, all-color TV station was dedicated. It was WNBQ-TV in Chicago and is now WMAQ-TV. In 1994, the World Trade Organization was established. In 1997, Christopher Reeve received a star on the Hollywood Walk of Fame. In 1997, on the 50th anniversary of his first Major League Baseball game, the league retired Jackie Robinson’s number, 42. In 2013, two bombs went off near the finish line of the Boston Marathon, killing three spectators and wounding more than 260 other people in attendance.
WEDNESDAY WISDOM: “A will finds a way.”—Orison Swett Marden, American author who founded SUCCESS magazine in 1897
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