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PLANSPONSOR NEWSDASH LOGO April 9th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Ensuring Cybersecurity in a Remote Work Environment
Ensuring Cybersecurity in a Remote Work Environment
Extra measures need to be taken for HR and benefits staff working from home to keep employee and retirement plan data secure.
Compliance
Parties in JPMorgan Self-Dealing Suit Reach Settlement
The lawsuit alleged plan fiduciaries acted for their own benefit by forcing participants to choose among costly investments managed by JPMorgan and BlackRock.
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.
Market Mirror
Wednesday, the Dow closed 779.71 points (3.44%) higher at 23,433.57, the NASDAQ was up 203.64 points (2.58%) at 8,090.90, and the S&P 500 increased 90.57 points (3.41%) to 2,749.98. The Russell 2000 climbed 52.49 points (4.61%) to 1,191.66, and the Wilshire 5000 gained 934.81 points (3.52%) to finish at 27,457.00.

The price of the 10-year Treasury note decreased 27/32, bringing its yield up to 0.765%. The price of the 30-year Treasury bond fell 1 32/32, increasing its yield to 1.374%.
Administration
Few Plan Sponsors Planning Retirement Benefit Cuts Right Now
Experts say firms are focused on making sure their business survives, hopeful that the economy will bounce back when the coronavirus is eradicated.
Monitoring DC Plans’ Company Stock Investments During Market Volatility
Decisions for 401(k) plan sponsors with company stock on their investment menus are different than those for sponsors of true ESOPs.
Products
Nationwide Joins List of Providers Offering CARES Act-Related Help to Participants
The retirement plan provider is waiving fees and accelerating transaction processing for those taking withdrawals or loans related to the COVID-19 pandemic.
Small Talk
ON THIS DATE: In 1833, Peterborough, New Hampshire, opened the first municipally supported public library in the United States. In 1865, at Appomattox Court House, Virginia, Confederate General Robert E. Lee surrendered his 28,000 troops to Union General Ulysses S. Grant, effectively ending the American Civil War. In 1881, after a one-day trial, Billy the Kid was found guilty of murdering the Lincoln County, New Mexico, sheriff and was sentenced to hang. In 1913, the Brooklyn Dodgers’ Ebbets Field opened. In 1959, the National Aeronautics and Space Administration (NASA) introduced America’s first astronauts to the press: Scott Carpenter, L. Gordon Cooper Jr., John H. Glenn Jr., Virgil “Gus” Grissom, Walter Schirra Jr., Alan Shepard Jr. and Donald Slayton. In 1962, Puerto Rican actress Rita Moreno became the first Hispanic woman to win an Oscar, for her role of Anita in “West Side Story.” In 1963, Winston Churchill became the first honorary U.S. citizen. In 1998, the National Prisoner of War Museum opened in Andersonville, Georgia. In 2003, just three weeks into the invasion of Iraq, U.S. forces pulled down a bronze statue of Saddam Hussein in Baghdad’s Firdos Square, symbolizing the end of the Iraqi president’s reign and a major early victory for the United States.

Wishing everyone an enjoyable weekend and special celebrations. NEWDash will be back in your inbox Monday.
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