Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 22nd, 2019

Participants’ Posture on ESG Investing Not Showing

The sentiment for ESG investing is positive among all generations though their actions in retirement plans don’t show it. How should plan sponsors fit ESG into the investment puzzle? Read more >
Investing
Litigators Share What They Investigate for Filing TDF Lawsuits
A litigation firm has listed what it is investigating for potential lawsuits over target-date funds (TDFs) in retirement plans, and an ERISA attorney make suggestions for how plan fiduciaries may avoid such suits. Read more >
Products, Deals and People
DirectPath Integrates GoodRx’s Pricing Data Into its Portal
Employees can access prescription cost information and comparative cost information about medical procedures and treatments on a single portal. Read more >
Economic Events
Existing-home sales strengthened in July, a positive reversal after total sales were down slightly in the previous month, according to the National Association of Realtors. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 2.5% from June to a seasonally adjusted annual rate of 5.42 million in July. Overall sales are up 0.6% from a year ago (5.39 million in July 2018).
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Sponsored message from Ayco
Are your benefit plans inclusive?
Employer considerations for the LGBTQ community. Read more >
Market Mirror

Wednesday, the Dow gained 240.29 points (0.93%) to finish at 26,202.73, the NASDAQ closed 71.65 points (0.90%) higher at 8,020.21, and the S&P 500 increased 23.92 points (0.82%) to 2,924.43. The Russell 2000 was up 11.84 points (0.79%) at 1,509.85, and the Wilshire 5000 climbed 245.28 points (0.83%) to 29,961.03.

 

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.586%. The price of the 30-year Treasury bond decreased 7/32, bringing its yield up to 2.067%.

PLANADVISER National Conference
SEC at PANC
Roberta Ufford with the Securities and Exchange Commission’s (SEC)’s Division of Investment Management will join us at the 2019 PLANADVISER National Conference to discuss the Regulation Best Interest (Reg BI) and other rules and guidance issued alongside Reg BI, including an interpretation relating to the duties of advisers under the Advisers Act, and how the new rules and guidance may affects rollovers and rollover related advice. Read more >
Compliance
DOL to Host Webcast About HRAs
The Department of Labor (DOL) and the IRS will discuss the benefits of offering expanded options provided by new health reimbursement arrangements (HRAs) and more. Read more >
Court Says Participant Misunderstood Valuation for ESOP Purchase
A federal district court judge found that since shares for the ESOP were purchased with borrowed funds, the subsequent lower valuation of the stock was an immediate equitable benefit to participants. Read more >
Small Talk

ON THIS DATE: In 1762, Ann Franklin became the editor of the Mercury of Newport in Rhode Island. She was the first female editor of an American newspaper. In 1775, the American colonies were proclaimed to be in a state of open rebellion by England’s King George III. In 1846, the U.S. annexed New Mexico. In 1902, in Hartford, Connecticut, President Theodore Roosevelt became the first U.S. president to ride in an automobile. In 1906, the Victor Talking Machine Company of Camden, NJ began to manufacture the Victrola. The hand-cranked unit, with horn cabinet, sold for $200. In 1932, the BBC (British Broadcasting Corporation) began its first TV broadcast in England. In 1950, Althea Gibson became the first black tennis player to be accepted into a national competition. In 1984, the last Volkswagen Rabbit rolled off the assembly line in New Stanton, Pennsylvania. In 1989, Nolan Ryan became the first major league pitcher to strike out 5000 batters. In 1996, President Bill Clinton signed legislation that ended guaranteed cash payments to the poor and demanded work from recipients.

SURVEY SAYS: After turning on my laptop, the first thing I do when I start my work day is read the numerous emails that have already come in. But, that wasn’t the case at other jobs I’ve held. This week, I’d like to know, besides turning on your computer, what is the first thing you do when you get to work? You may respond to the survey by 6 p.m. Pacific time today. Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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