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PLANSPONSOR NEWSDASH LOGO April 7th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Communicating with Employees During COVID-19
Sources suggest topics to address with retirement plan participants and methods to do so in this environment of limited face-to-face contact.
Benefits
Suggestions for Making Holders of HSAs Into Investors
A study suggests HSA holders invest as they become more educated or as their account balances grow.
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. PRC1651-0320W
Market Mirror
Yesterday, the Dow gained 1,627.46 points (7.73%) to finish at 22,679.99, the NASDAQ closed 540.16 points (7.33%) higher at 7,913.24, and the S&P 500 was up 175.03 points (7.03%) at 2,663.68. The Russell 2000 climbed 86.72 points (8.24%) to 1,138.78, and the Wilshire 5000 increased 1,796.16 points (7.26%) to 26,532.42.

The price of the 10-year Treasury note decreased 30/32, bringing its yield up to 0.675%. The price of the 30-year Treasury bond fell 1 30/32, increasing its yield to 1.281%.
Opinions
Barry’s Pickings: Things That Change and Don’t Change Back …
Michael Barry, president of O3 Plan Advisory Services LLC, contemplates change in the markets and infrastructure brought on by the coronavirus pandemic and what may not—or should not—change back.
Products
Principal the Latest Provider to Waive Retirement Plan Transaction Fees
It is also waiving plan sponsors’ fees for certain retirement plan amendments and halting rate increases for group benefits.
Mercer Offers Cost Projection Framework for Employers With Self-Funded Health Benefits
Only 5% of employers with self-funded health insurance already have a financial impact assumption, while 21% say they have begun modelling it, according to Mercer.
Small Talk
ON THIS DATE: In 1798, the territory of Mississippi was organized. In 1862, Union General Ulysses S. Grant defeated Confederates at the Battle of Shiloh, Tennessee. In 1933, Prohibition ended in the United States. In 1945, the Japanese battleship Yamato, the world’s largest battleship, was sunk during the battle for Okinawa. In 1948, the musical “South Pacific” by Rogers and Hammerstein debuted on Broadway. In 1948, the United Nations’ World Health Organization began operations. In 1963, at the age of 23, Jack Nicklaus became the youngest golfer to win the Green Jacket at the Masters Tournament. In 1970, actor John Wayne won his first—and only—acting Academy Award, for his role in “True Grit.” In 2000, President Bill Clinton signed the Senior Citizens Freedom to Work Act. The bill reversed a Depression-era law and allows senior citizens to earn money without losing Social Security retirement benefits.
TRIVIAL PURSUITS: Is watermelon a fruit or a vegetable?
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