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PLANSPONSOR NEWSDASH LOGO August 11th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Recent Acts Will Require Plan Amendments
Recent Acts Will Require Plan Amendments
Retirement plan sponsors will need to be aware of select modifications depending on their plan type, as well as key deadlines to follow.
Administration
Lower Interest Rates Foil Market Rally Impact on DB Plan Funded Status
Firms that monitor DB plan funded status say it is uncertain whether Congress will offer additional funding relief; many plans will likely face lower funded status in 2020.
Most Read

2020 PLANSPONSOR National Conference
Benefits
Are Employer-Sponsored DC Plans the Best Retirement Savings Vehicles?

2020 Plan Sponsor of the Year
SPONSORED BY: Newport
Executive Benefit Plan Trends: The Top 8 Things You Should Know
Wednesday, August 12, 2:00 PM  EDT
Market Mirror
Yesterday, the Dow climbed 357.96 points (1.30%) to 27,791.44, the NASDAQ closed 42.63 points (0.39%) lower at 10,968.36, and the S&P 500 increased 9.19 points (0.27%) to 3,360.47. The Russell 2000 gained 15.49 points (0.99%) to finish at 1,584.67, and the Wilshire 5000 was up 86.74 points (0.25%) at 34,354.09.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.581%. The price of the 30-year Treasury bond decreased 27/32, bringing its yield up to 1.254%.
Compliance
More ERISA Plaintiffs Challenge Use of Active TDF Suit
A new lawsuit claims the defendants failed to compare the merits of active and index target-date fund suites managed by Fidelity.
Opinions
Barry’s Pickings: Retirement Finance and the Bonds Between Generations
Michael Barry, president of O3 Plan Advisory Services LLC, discusses how the “circle of life” relates to retirement security.
Data and Research
Workers Forced to Retire Early Can Still Achieve Financial Wellness
With the help of money management strategies, workers can still have a financially sound retirement.
Small Talk
ON THIS DATE: In 1877, the two moons of Mars were discovered by Asaph Hall, an American astronomer. He named them Phobos and Deimos. In 1934, a group of federal prisoners classified as “most dangerous” arrived at Alcatraz Island, a 22-acre rocky outcrop situated 1.5 miles offshore in San Francisco Bay. In 1972, the last U.S. ground combat unit in South Vietnam, the Third Battalion, Twenty-First Infantry, departed for the United States. In 1984, the Cincinnati Reds honored major league All-Star and Hall of Fame catcher Johnny Bench by retiring his uniform (#5). In 1992, in Bloomington, Minnesota, the Mall of America opened. It was the largest shopping mall in the United States. In 2014, Robin Williams, Oscar-winning actor and comedian, died at the age of 63.
TUESDAY TRIVIA: What is the most commonly stolen item from hotel rooms?
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