Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 6th, 2019

State Laws Prevent Single Provider for Some K-12 403(b)s

Yet another law requiring multiple providers for K-12 403(b) plans is reigniting the debate over whether more choice is good or bad for participants.Read more >
Benefits & Administration
Retirement Plan Non-Participants Likely to Participate Later
Reports of overall retirement plan participation can misrepresent the retirement preparedness of American workers, according to ICI, because data shows more employees participate as they earn more and get older.Read more >
Industry Voices
Barry’s Pickings: Eugene Scalia as Secretary of Labor
Michael Barry, president of O3 Plan Advisory Services LLC, reflects on the Department of Labor’s regulatory agenda under former Secretary Alexander Acosta and wonders if Eugene Scalia will move things along more quickly.Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
The Odds Are Split for Senate SECURE Act Passage This Year
3
The Tech Behind DC Plan Administration Solutions
4
Congressional Leaders Want SECURE Act Passage in 2019
5
Employees Are Making Each Other Sick
Sponsored message from Capital Group
Your employees go above and beyond.
Learn how you can give them the 401(k) they deserve with a target date retirement series.Read more >
Market Mirror

Yesterday, the Dow lost 767.27 points (2.90%) to finish at 25,717.74, the NASDAQ closed 278.03 points (3.47%) lower at 7,726.04, and the S&P 500 decreased 87.31 points (2.98%) to 2,844.74. The Russell 2000 shed 46.25 points (3.02%) to close at 1,487.41, and the Wilshire 5000 fell 907.22 points (3.01%) to 29,213.68.

 

The price of the 10-year Treasury note increased 1 1/32, bringing its yield down to 1.729%. The price of the 30-year Treasury bond climbed 2 28/32, decreasing its yield to 2.271%.
Compliance
Pension Plan Sponsor Dupes Employees Out of ‘TPA Fee’
A business owner who sponsored pension plans for his employees pleaded guilty of charges that he deducted a “third-party administrator fee” from employees’ pay, but used the money for personal expenses.Read more >
From the Magazine
Family-Owned and -Run
A plan sponsor provides a personal touch, plus varied education.Read more >
Small Talk
ON THIS DATE: In 1914, Austria-Hungary declared war against Russia. Serbia declared war against Germany. In 1926, Gertrude Ederle became the first American woman to swim the English Channel. She was 19 years old at the time. The swim took her 14-1/2 hours. In 1926, Warner Brothers premiered its Vitaphone system in New York. The movie was “Don Juan,” starring John Barrymore. In 1945, the American B-29 bomber, known as the Enola Gay, dropped the first atomic bomb on an inhabited area. The bomb named “Little Boy” was dropped over the center of Hiroshima, Japan. An estimated 140,000 people were killed. In 1952, Satchel Paige, at age 46, became the oldest pitcher to complete a major league baseball game. In 1960, nationalization of U.S. and foreign-owned property in Cuba began. In 1965, the Voting Rights Act, ensuring state and local governments do not pass laws or policies that deny American citizens the equal right to vote based on race, was signed by President Lyndon B. Johnson. In 1993, the Senate confirmed Louis Freeh to be the director of the FBI. In 1996, NASA announced the discovery of evidence of primitive life on Mars. The evidence came in the form of a meteorite that was found in Antarctica. The meteorite was believed to have come from Mars and contained a fossil.
TRIVIAL PURSUITS: From where did the term gerrymandering come?Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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