Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO August 19th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
DOL Releases Interim Final Rule on Lifetime Income Illustrations
The interim final rule includes assumptions plan administrators must use to calculate estimated lifetime benefit payments to be included on retirement plan participant statements.
Ask the Experts
Clarification of the Legislative Changes Made for RMDs
“With the avalanche of guidance on required minimum distributions lately, from the SECURE Act to the CARES Act and beyond, I am now thoroughly confused as to when minimum distributions are due, and for whom. Without confusing me, can the Experts provide a simple response in this regard?”
Most Read
1
PSNC20 Hub
2
2020 PLANSPONSOR National Conference
3
Are Employer-Sponsored DC Plans the Best Retirement Savings Vehicles?
4
2020 Recordkeeping Survey
5
The Future for ESG Investing in Retirement Plans
Economic Events
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,496,000, the Census Bureau reported. This is 22.6% above the revised June estimate of 1,220,000 and is 23.4% above the July 2019 rate of 1,212,000. Single-family housing starts in July were at a rate of 940,000; this is 8.2% above the revised June figure of 869,000. The July rate for units in buildings with five units or more was 547,000.
Market Mirror
Tuesday, the Dow closed 66.84 points (0.24%) lower at 27,778.07, the NASDAQ gained 81.12 points (0.73%) to finish at 11,210.84, and the S&P 500 increased 7.79 points (0.23%) to 3,389.78. The Russell 2000 closed 7.92 points (0.50%) higher at 1,571.87, and the Wilshire 5000 was up 61.82 points (0.18%) at 34,694.07.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.669%. The price of the 30-year Treasury bond increased 30/32, bringing its yield down to 1.401%.
Compliance
Retirees Sue Liberty Mutual for Retirement Health Coverage
The plaintiffs in a new ERISA lawsuit say Liberty Mutual is not meeting the terms of summary plan descriptions sent to certain employees after the company’s 2008 Safeco acquisition.
Benefits
Coronavirus Influencing Future Health Benefit Plan Design
Large employers will expand mental and emotional well-being services and access to virtual care, and the pandemic is making it hard to predict future health care costs.
Data and Research
Almost Half of Retirees Cannot Maintain Spending
Those who failed to preserve spending were also more likely to owe mortgage payments, choose lump-sum annuity options and claim Social Security benefits before age 62. 
Small Talk
Since May, International Living.com has seen a massive 504.97% surge in traffic to its “How to Move Out of the U.S.” coverage, which identifies the steps for successfully planning a move. Election uncertainty and financial challenges caused by the COVID-19 pandemic are a couple reasons International Living says it has seen the increase.
ON THIS DATE: In 1848, the discovery of gold in California was reported by the New York Herald. In 1909, the first race was held at the Indianapolis Motor Speedway, now the home of the world’s most famous motor racing competition, the Indianapolis 500. In 1940, the new Civil Aeronautics Administration awarded honorary license #1 to Orville Wright. In 1946, William Jefferson Blythe III was born in Hope, Arkansas. His father died in a car accident before he was born, and Bill later took the last name of his stepfather, Roger Clinton. In 1999, Lorne Michaels received a star on the Hollywood Walk of Fame.
WEDNESDAY WISDOM: “Cheerfulness is the best promoter of health and is as friendly to the mind as to the body.”—Joseph Addison, English essayist
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2020 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850