Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO April 21st, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
The Rug Has Been Pulled From Under Americans’ Retirement Security
The Rug Has Been Pulled From Under Americans’ Retirement Security
The coronavirus pandemic has revealed the fragility of retirement security in our current landscape and sparked conversation about design and policy needs.
PLANSPONSOR Awards
Get to Know Our 2020 Plan Sponsor of the Year Finalists
We are pleased to present profiles of our plan sponsor of the year finalists in the Nonprofit DC <$500MM category. Profiles can be seen by clicking on the name of the finalist.
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: Pacific Life
When Choosing to Receive Lifetime Income, Women Win at Work
The new SECURE Act makes it easier for employers to offer lifetime income through their defined contribution plans. This is good for everyone but offers particular advantages for women as explained here.
Products
Providers Waiving Fees and Expanding Services During Pandemic
Retirement plan and financial wellness providers are offering help to employees and plan sponsors during the novel coronavirus pandemic. We’ve compiled a listing on one page to make it simpler to find their announcements.
Market Mirror
Yesterday, the Dow fell 592.05 points (2.44%) to 23,650.44, the NASDAQ was down 89.41 points (1.03%) at 8,560.73, and the S&P 500 lost 51.40 points (1.79%) to finish at 2,823.26. The Russell 2000 decreased 15.75 points (1.28%) to 1,213.35, and the Wilshire 5000 closed 473.98 points (1.65%) lower at 28,286.25.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.627%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 1.231%.
Compliance
Putnam Settles Self-Dealing ERISA Challenge
Under the terms of the proposed settlement, Putnam will pay a gross settlement of $12.5 million into a common fund for the benefit of settlement class, which numbers at approximately 6,000.
Opinions
The CARES Act Loan Expansion: A Potential Powder Keg in a Pandemic
Alison Borland, with Alight Solutions, discusses why the firm determined the CARES Act provision allowing larger loans is sub-optimal when compared to the more flexible distribution option.
Data and Research
DC Plan Sponsors Reacting With Moderation to Coronavirus
Relatively few are taking action to suspend or decrease contributions, and they are prudently relying on providers for guidance, a PLANSPONSOR pulse survey finds.
Small Talk
ON THIS DATE: In 753 BC, according to tradition, Rome was founded. In 1789, John Adams was sworn in as the first U.S. vice president. In 1836, General Sam Houston defeated Santa Anna at the Battle of San Jacinto. This battle decided the independence of Texas. In 1862, Congress established the U.S. Mint in Denver, Colorado. In 1918, German fighter ace Manfred von Richthofen, “The Red Baron,” was shot down and killed during World War I. In 1973, the song by Tony Orlando and Dawn, “Tie a Yellow Ribbon Round the Ole Oak Tree,” topped the U.S. pop charts and became the cultural symbol for support loved ones absent because of war. In 1977, “Annie” opened on Broadway. In 1989, six days after the death of Hu Yaobang, the deposed reform-minded leader of the Chinese Communist Party, some 100,000 students gathered at Beijing’s Tiananmen Square to commemorate Hu and voice their discontent with China’s authoritative communist government. In 2016, Prince, the legendary entertainer who created more than 30 albums and won seven Grammy Awards over a 40-year career, was found dead in Paisley Park, his Minnesota home and recording studio.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2020 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850