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PLANSPONSOR NEWSDASH LOGO December 27th, 2019
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Stopping a Retirement Crisis
Stopping a Retirement Crisis
Currently, America has a retirement plan coverage gap, a retirement savings gap and a guaranteed income gap, which plan sponsors and lawmakers need to address to avoid a retirement crisis.
Administration
Social Security Education a Must-Have for Retirement Plan Participants
General education is helpful, but getting personal will help employees establish a plan for income in retirement.
Most Read
1
CARES Act Passes Congress, Including Retirement Plan Relief
2
Coronavirus-Related Distributions From 403(b) and Governmental 457(b) Plans
3
Retirement Plan Provisions Included in Senate’s Stimulus Package
4
Plan Sponsors Facing Difficult Decisions During Coronavirus Pandemic
5
Employers Can Offer More Student Loan Repayment Help to Employees
SPONSORED BY: Ayco
Tax Matters: An executive guide to navigating year-end tax planning
Insights to help navigate the implications of the current tax environment on your finances.
Benefits, Administration
Time for Self-Funded Health Plan Sponsors to Revisit Stop-Loss Insurance
As medical and pharmaceutical innovations lead to higher catastrophic health insurance claims, employers with self-funded health plans need to review strategies for tackling risk.
Employer-Provided Student Loan Repayment Programs Have Pros and Cons
Employers wanting to offer student loan repayment benefits to employees have a multitude of selections to sift through. Which ones should they consider implementing?
Recordkeeper Consolidation Creates a Smaller Pool of Plan Sponsor Choices
Recordkeeper consolidation is ongoing, but it offers an opportunity for plan sponsors to secure better services and software, and better fees.
Economic Events
In the week ending December 21, the advance figure for seasonally adjusted initial claims for unemployment insurance was 222,000, a decrease of 13,000 from the previous week’s revised level of 235,000, the Labor Department reported. The four-week moving average was 228,000, an increase of 2,250 from the previous week’s revised average of 225,750.

The average interest rate for a 30-year fixed-rate mortgage is 3.74%, up from 3.73% one week ago. The average interest rate for a 15-year fixed-rate mortgage is 3.19%, unchanged from last week.
Market Mirror
Thursday, the Dow closed 105.94 points (0.37%) higher at 28,621.39, the NASDAQ increased 69.51 points (0.78%) to 9,022.39, and the S&P 500 was up 16.53 points (0.51%) at 3,239.91. The Russell 2000 was virtually unchanged at 1,677.67, and the Wilshire 5000 gained 162.13 points (0.49%) to finish at 33,006.67.

The price of the 10-year Treasury note was unchanged, with its yield at 1.904%. The price of the 30-year Treasury bond increased 24/32, bringing its yield down to 2.324%.
Compliance
What Safe Harbors Are Available to Retirement Plan Sponsors?
Safe harbor provisions protect employers from liability. That’s one good reason to understand them.
Form 5500 Basics: What Sponsors Need to Know
The purpose of Form 5500 is to obtain information regarding plan design and basic plan sponsor information, and the regulatory penalties for failures in filing the form can be severe.
Investing,
Choosing Between a Stable Value or Money Market Fund
Lawsuits have led to confusion about which direction retirement plan sponsors should go when choosing a capital preservation fund for their plan lineup.
Don’t Let 3(38) Fiduciary Confusion Entangle Your Plan
Plan sponsors must take as much time as necessary to understand what it means to hire a 3(38) discretionary investment manager; setting clear goals and expectations is critical.
LDI 2.0
Defined benefit plan sponsors are branching out from the traditional equity/bond liability-driven investing (LDI) portfolio, adding diversification as well as addressing short-term cash flow needs.
Small Talk
ON THIS DATE: In 1904, James Barrie’s play “Peter Pan” premiered in London. In 1932, Radio City Music Hall opened. In 1945, the World Bank was created with an agreement signed by 28 nations. In 1951, in Cincinnati, Ohio, a Crosley automobile, with a steering wheel on the right side, became the first vehicle of its kind to be placed in service for mail delivery. In 1978, Spain adopted a new constitution and became a democracy after 40 years of dictatorship.

PLANSPONSOR strives to provide unique, in-depth content to help retirement plan sponsors of all types keep up with the latest trends, effectively administer their plans and remain compliant with legislation and regulations. We encourage questions and comments from our readers, as well as the sharing of our content.
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