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PLANSPONSOR NEWSDASH LOGO April 29th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Multiemployer Plans Urgently Need Help to Avoid Catastrophe
Multiemployer Plans Urgently Need Help to Avoid Catastrophe
Lawmakers and industry groups are pushing for immediate action as the COVID-19 pandemic wreaks havoc on already struggling multiemployer pensions.
Benefits
Financial Wellness Will Be the New Priority Following the Pandemic
This will be especially true for Millennials, retirement industry sources say.
Most Read
Administration
Consider Who Is Paying When Benchmarking Retirement Plan Fees
Compliance
Social Security Announces COLA for 2021
Compliance
Lessons From a Rare ERISA Excessive Fee Suit Dismissal
SPONSORED BY: Invesco
The Forgotten Participant
Examining defined contribution participant investing behaviors and decision-making
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) >$250MM–$1B category. Profiles can be seen by clicking on the name of the finalist.
Ask the Experts
Retirement Plan Considerations When Laying Off Employees
“Our college, like others, has closed due to the COVID-19 pandemic, and we are contemplating laying off a substantial portion of the workforce, at least temporarily. Are there any retirement plan considerations in doing so?”
Economic Events
The Conference Board Consumer Confidence Index deteriorated further in April, following a sharp decline in March. The Index now stands at 86.9 (1985=100), down from 118.8 in March. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—also declined considerably, from 166.7 to 76.4. However, the Expectations Index—based on consumers’ short-term outlook for income, business and labor market conditions—improved from 86.8 in March to 93.8 this month.
Market Mirror
Tuesday, the Dow decreased 32.23 points (0.13%) to 24,101.55, the NASDAQ closed 122.43 points (1.40%) lower at 8,607.73, and the S&P 500 was down 15.09 points (0.52%) at 2,863.39. The Russell 2000 climbed 16.20 points (1.26%) to 1,298.08, and the Wilshire 5000 lost 113.85 points (0.39%) to finish at 28,876.29.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 0.614%. The price of the 30-year Treasury bond climbed 1 5/32, decreasing its yield to 1.206%.
Compliance
Bill Introduced to Expand Limits on Retirement Plan Contributions
The legislation would allow employees to defer 300% of the current statutory limit or 100% of compensation, whichever is less, to DC plans for the 2020 calendar year.
Investing
Fixed Income Allocations Suppressed Potential Losses for ERISA Pension Plans
Of the three institutional segments tracked by Northern Trust, corporate ERISA pension plans performed the best during 1Q 2020.
Participants See the Benefits of Diversification Amid Pandemic
First quarter performance data shows well designed defined contribution retirement plans are doing a decent job at protecting the savings of working Americans relative to retail brokerage accounts.
Small Talk
ON THIS DATE: In 1813, rubber was patented by J.F. Hummel. In 1852, the first edition of Peter Roget’s Thesaurus was published. In 1854, by an act of the Pennsylvania legislature, Ashmun Institute, the first college founded solely for African American students, was officially chartered. In 1861, New Orleans fell to Union forces during the Civil War. In 1945, the U.S. Seventh Army’s 45th Infantry Division liberated Dachau, the first concentration camp established by Germany’s Nazi regime. In 1990, the destruction of the Berlin Wall began. In 1992, riots erupted in Los Angeles after police officers were acquitted in the Rodney King beating trial. In 2004, the World War II Memorial opened in Washington, D.C.
WEDNESDAY WISDOM: “As far as I’m concerned, ‘whom’ is a word that was invented to make everyone sound like a butler.”—Calvin Trillin, American journalist
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