Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 13th, 2019
Benefits & Administration
Looking at User-Friendliness of Recordkeeper Websites
The ability to manage future investment allocations on websites provided by recordkeepers is very important to retirement plan participants, but a study found participants can be confused by terminology and frustrated by design features. Read more >
Investing
Few 401(k) Participants Make Trades in July
Year-to-date, investors have favored fixed income on 186 trading days, or 86% of the trading days available, according to Alight Solutions. Read more >
MOST READ ARTICLES
1
IRS Issues Guidance About Uncashed Retirement Plan Distributions
2
Options for Providing Student Loan Repayment Benefits Increasing
3
Taking a ‘Calculated’ Approach to Retirement Readiness
4
Litigators Share What They Investigate for Filing TDF Lawsuits
5
Government Prosecutors Weigh In on Supreme Court IBM Case
Sponsored message from Ayco
Free eBook-Highlights and insights from top HR industry conference
Innovative solutions in compensation, benefits, talent and culture. Read more >
Market Mirror

Yesterday, the Dow lost 391.00 points (1.49%) to finish at 25,896.44, the NASDAQ closed 95.73 points (1.20%) lower at 7,863.41, and the S&P 500 decreased 35.95 points (1.23%) to 2,882.70. The Russell 2000 was down 18.58 points (1.23%) at 1,494.46, and the Wilshire 5000 fell 391.25 points (1.31%) to 29,554.39.

 

The price of the 10-year Treasury note increased 32/32, bringing its yield down to 1.643%. The price of the 30-year Treasury bond climbed 2 31/32, decreasing its yield to 2.129%.

Compliance
Walgreen 401(k) Participants Seek $300M in Lawsuit Over TDF Mismanagement
The complaint says the target-date funds used in the plan and as the designated default investment were underperforming since they were selected, resulting in a great loss to participants. Read more >
Caesars Owes No Withdrawal Liability for One Closed Pension in Controlled Group
An appellate court affirmed a District Court’s judgement that because Caesars Entertainment continues to contribute to a multiemployer plan for engineering work at three remaining casinos, it is not liable under the bargaining out provision of the MPPAA. Read more >
From the Magazine
The Bundled Arrangement
Every so often, it’s worthwhile to examine misperceptions that exist in the marketplace in order to consider whether momentum and groupthink have caused us to deviate from guiding principles. Doing this type of analysis is especially important when managing retirement plan assets. In respect to groupthink, the onslaught of litigation involving plans subject to the Employee Retirement Income Security Act (ERISA) has distorted marketplace practices and has foreclosed otherwise available opportunities available to ERISA plans. Read more >
Small Talk

ON THIS DATE: In 1784, the United States Legislature met for the final time in Annapolis, Maryland. In 1846, the American Flag was raised for the first time in Los Angeles. In 1889, a patent for a coin-operated telephone was issued to William Gray. In 1931, the first community hospital in the U.S. was dedicated in Elk City, Oklahoma. In 1934, Al Capp’s comic strip “L’il Abner” made its debut in newspapers. In 1942, Walt Disney’s “Bambi” opened at Radio City Music Hall in New York City. In 1961, Berlin was divided by a barbed wire fence to halt the flight of refugees, two days before work on the Berlin Wall began.

 

 

No TRIVIAL PURSUITS this week.

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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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