Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 4th, 2019
Benefits & Administration
Retirement Plan Options for Small Businesses Have Pros and Cons
Small U.S. employers trust the financial services sector for its expertise more than government entities when it comes to administering retirement savings programs, a survey found. But Tim Rouse, executive director of the SPARK Institute, says, “Our findings show that the proposed coverage solutions are not mutually exclusive. State-run programs, MEPs and individual plans all have appealing qualities to employers at different stages of their growth. An effective retirement system provides alternatives to U.S. employers and gives them the ability to move easily from one program to the other as their workforce changes and evolves.” Read more >
DC Plan Participants Share Incentives for Saving More
A company match contribution or bigger company match, more education and access to financial advice are among incentives for savings identified in a Natixis survey. Read more >
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Employer-Provided Student Loan Repayment Programs Have Pros and Cons
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Gen X Struggling Most With Retirement Readiness and Confidence
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Retirement Plan Sponsors' Interest in Retirement Income Is on the Rise
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(b)lines Ask the Experts – Employer Contribution Calculation When Moving from Union to Non-Union 403(b)
PLANSPONSOR Awards
Taylor Guitars
An expanded profile is now available for PLANSPONSOR’s Plan Sponsor of the Year award winner in the Corporate 401(k) >$25MM-$50MM category. Read more >
Products, Deals and People
WageWorks Rolls Out HSA Product Enhancements
The enhancements are designed to offer a streamlined participant experience and resources to support smarter spending and saving decisions. Read more >
Steidle Announces 2019 Pricing for Cash Balance and DB Plan Administration
Steidle Pension Solutions’ comprehensive services include testing, calculations, plan valuation, document services, actuary certification, Form 5500 preparation, and more. Read more >
Market Mirror

Wednesday, the Dow was up 39.00 points (0.15%) at 26,218.13, the NASDAQ climbed 46.86 points (0.60%) to 7,895.55, and the S&P 500 increased 6.16 points (0.21%) to 2,873.40. The Russell 2000 gained 7.59 points (0.49%) to finish at 1,560.91, and the Wilshire 5000 closed 115.26 points (0.39%) higher at 29,680.43.

 

The price of the 10-year Treasury note decreased 13/32, bringing its yield up to 2.520%. The price of the 30-year Treasury bond fell 1 4/32, increasing its yield to 2.934%.

Compliance
Prevention the Key to ESOPs Not Violating Nonallocation Year Rules
The IRS explains that the rules under IRC Section 409(p) are designed to prevent a group of “disqualified persons” from collectively owning 50% or more of an S corporation’s stock (i.e., the definition of a “nonallocation year”), and discusses methods for preventing violation of the rules. Read more >
Court Orders Briefing in George Washington University ERISA Suit
The question in the lawsuit, according to a federal judge, is whether the plaintiff has standing to sue, for one, because she signed a settlement agreement with the university, and also, the defendants claim, she has not proved harm in her challenges to investments used in the university’s 403(b) plan. Read more >
Small Talk

ON THIS DATE: In 1812, the territory of Orleans became the 18th U.S. state and would become known as Louisiana. In 1818, a plan was passed by Congress that the U.S. flag would have 13 red and white stripes and 20 stars and that a new star would be added for the each new state. In 1841, President William Henry Harrison, at the age of 68, became the first president to die in office. He had been sworn in only a month before he died of pneumonia. In 1862, the Battle of Yorktown began as Union General George B. McClellan closed in on Richmond, Virginia. In 1887, Susanna M. Salter became mayor of Argonia, Kansas, making her the first woman mayor in the U.S. In 1917, the Senate voted 90-6 to enter World War I on the Allied side. In 1932, Professor C.G. King, of the University of Pittsburgh, isolated vitamin C. In 1945, during World War II, U.S. forces liberated the Nazi death camp Ohrdruf in Germany. In 1949, twelve nations signed a treaty to create The North Atlantic Treaty Organization (NATO). In 1968, Martin Luther King Jr. was assassinated at the age of 39. In 1973, in New York City, the original World Trade Center twin towers opened. At the time they were the tallest buildings in the world. In 1974, Hank Aaron tied Babe Ruth’s major league baseball home-run record with 714. In 1986, Wayne Gretzky set an NHL record with his 213th point of the season. In 1994, Netscape Communications (Mosaic Communications) was founded.

SURVEY SAYS: The 2019 NCAA Men’s Basketball tournament is down to the final four, with the championship game to be played Monday. This week, I’d like to know, which of the final four would you like to see win the championship? You may respond to this week’s survey by 6 p.m. PDT today. Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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