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PLANSPONSOR NEWSDASH LOGO April 23rd, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
DC Plan Sponsors Reacting With Moderation to Coronavirus
DC Plan Sponsors Reacting With Moderation to Coronavirus
Respondents to a PLANSPONSOR pulse survey were asked whether they have discussed and taken action on their plans’ safe harbor status. One-quarter of those that indicated they sponsor safe harbor plans have discussed opting out of safe harbor status, and 15% said they have taken action while 7% are likely to.
PLANSPONSOR Awards
Get to Know Our Plan Sponsor of the Year Finalists
PLANSPONSOR is pleased to present profiles of our plan sponsor of the year finalists in the Corporate 401(k) <$25MM 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
Opinions
How COVID-19 Will Transform Your Health Benefits Strategy
Nancy Ryerson, with Fern Health, offers predictions about how benefits strategies will need to change to reflect how we operate in a post-COVID-19 world.
Market Mirror
Wednesday, the Dow increased 456.94 points (1.99%) to 23,475.82, the NASDAQ climbed 232.15 points (2.81%) to 8,495.38, and the S&P 500 gained 62.75 points (2.29%) to finish at 2,799.31. The Russell 2000 was down 11.82 points (0.97%) at 1,201.52, and the Wilshire 5000 closed 626.12 points (2.28%) higher at 28,059.81.

The price of the 10-year Treasury note was down 5/32, increasing its yield to 0.614%. The price of the 30-year Treasury bond decreased 1 26/32, bringing its yield up to 1.214%.
Benefits
Social Security Projections in Long-Term Financial Report Similar to Last Year
While the estimates are current, they do not reflect the potential effects of COVID-19, the Social Security Board of Trustees notes.
Pandemic Reveals Overwhelming Need for Financial Wellness Programs
More employers will see financial wellness programs as a necessity and emergency savings as a top priority.
Compliance
InterContinental Pension Withdrawal Liability Suit Can Proceed
The underlying lawsuit, which is also undergoing concurrent arbitration, claims the InterContinental Hotels Group owes accelerated withdrawal payments to a national union pension plan.
Participants
Investors Rush to Stable Value, Money Market Funds in March
Stable value funds took in 64% of the inflows and money market funds, 24%, according to the Alight Solutions 401(k) Index.
Small Talk
ON THIS DATE: In 1564, according to tradition, William Shakespeare was born in Stratford-upon-Avon. In 1789, President George Washington moved into Franklin House, New York. It was the first executive mansion. In 1791, President James Buchanan was born in Cove Gap near Mercersburg, Pennsylvania. In 1908, President Theodore Roosevelt signed an act creating the U.S. Army Reserve. In 1954, Hank Aaron of the Milwaukee Braves hit his first major-league home run. In 1968, the Methodist Church and the Evangelical United Brethren Church merged to form the United Methodist Church. In 2005, the first video was uploaded to YouTube.com.
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