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PLANSPONSOR NEWSDASH LOGO December 12th, 2019
Insight on Plan Design & Investment Strategy Every Weekday
Feature
Projecting Participant Outcomes
Projecting Participant Outcomes
Without the whole picture, you can’t go far.
Compliance
Judge Denies Dismissal of Suit Against Archdiocese Over Pension Plan
Unlike ERISA lawsuits that are argued in federal courts, this case is playing out in state court.
Most Read
Compliance
DOL ESG Proposal Throws a Cloud Over Prior Guidance
Compliance
Lawsuit Says Plan Fiduciaries Should Have Chosen Less Expensive CITs
Opinions
COVID-19 Compliance Corner: IRS Expands CRD Eligibility and Clarifies Loan Rules
SPONSORED BY: Ayco
The Dirty Dozen of HSAs
Download these 12 most misunderstood HSA concepts.
Economic Events
In November, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.3%, seasonally adjusted (SA); rising 2.1% over the year, not seasonally adjusted (NSA), the Bureau of Labor Statistics reported. The index for all items less food and energy rose 0.2% in November, SA; up 2.3% over the year, NSA.

Real average hourly earnings were unchanged over the month in November, SA. Average hourly earnings increased 0.2% and CPI-U increased 0.3%. Real average weekly earnings were unchanged over the month.
Market Mirror
Wednesday, the Dow was up 29.58 points (0.11%) at 27,911.30, the NASDAQ gained 37.87 points (0.44%) to finish at 8,654.05, and the S&P 500 closed 9.11 points (0.29%) higher at 3,141.63. The Russell 2000 was virtually unchanged at 1,631.93, and the Wilshire 5000 increased 79.48 points (0.25%) to 32,001.43.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.793%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 2.227%.
Data and Research, Administration, Benefits
Quarterly Statements Useful in Enhancing Participant Retirement Readiness
The quarterly statement is a proven tool for getting plan participants engaged in their retirement readiness; however, not all providers are including the best information to get participants engaged.
Considerations When Facing a Short Plan Year
A plan-year reset doesn’t have to be a problem for retirement plan sponsors, as long as they plan it carefully.
ID Theft Insurance as a Voluntary Benefit
The insurance is a small cost to enhance employee financial security and hedge against lost productivity.
SPONSORED BY: BlackRock
Income reimagined: Building income solutions into default options
62% of DC participants worry about retirement income. Then why do so few take advantage of guaranteed solutions? It may be that offering a solution is only the first step. Our latest paper explores how plan sponsors may need to use behavioral finance, plan design and default options to reframe how participants think about retirement income.
Small Talk
ON THIS DATE: In 1787, Pennsylvania became the second state to ratify the U.S. Constitution. In 1791, the Bank of the United States, also known as the First Bank, opened for business in Philadelphia. In 1800, Washington, D.C., was established as the capital of the United States. In 1870, Joseph H. Rainey of South Carolina became the first black lawmaker to be sworn into the House of Representatives. In 1900, Charles M. Schwab formed the United States Steel Corporation. In 1917, Father Edward Flanagan opened Boys Town in Nebraska. The farm village was for wayward boys. In 1946, a United Nations committee voted to accept a six-block tract of Manhattan real estate to be the site of the UN’s headquarters. The land was offered as a gift by John D. Rockefeller Jr. In 1947, the United Mine Workers union withdrew from the American Federation of Labor. In 1975, Sara Jane Moore pled guilty to a charge of trying to kill President Gerald Ford in San Francisco the previous September. In 1995, the Senate stopped a constitutional amendment giving Congress authority to outlaw flag burning and other forms of desecration against the American flag. In 1997, the Justice Department ordered Microsoft to sell its Internet browser separately from its Windows operating system to prevent it from building a monopoly of Web access programs. In 1998, the House Judiciary Committee rejected censure, and approved the final article of impeachment against President Bill Clinton. The case was submitted to the full House for a verdict. In 2000, the U.S. Supreme Court found that the recount ordered by the Florida Supreme Court in the 2000 Presidential election was unconstitutional. Vice President Al Gore conceded the election to Texas Gov. George W. Bush the next day.
SURVEY SAYS: There’s always so much going on in the world to talk about, it’s likely conversations in the workplace will turn to issues unrelated to work. This week, I’d like to know, what are the hot, non-work-related, topics dominating conversations in your workplace? You may respond to this week’s survey by 6 p.m. Pacific time today.
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