December 4th, 2019 Insight on Plan Design & Investment Strategy Every Weekday Participants Plan Participants Have Their Own Responsibilities for Cybersecurity There are common and advanced approaches retirement plan participants can take to derail data breaches and retirement account fraud. Ask the Experts Improving Readability of Participant Fee Disclosures “I work in HR at an Employee Retirement Income Security Act (ERISA) 403(b) plan sponsor. I realize that we have to provide an annual fee disclosure to participants, but in reading it, it is so boring! As a HR communications specialist, it is just not the type of communication I think our participants will actually read! Isn’t there anything we can do to ‘spice it up’ a bit and improve its readability?” Most Read Compliance More TDF Underperformance Lawsuits Emerge Across US Data and Research Plan Sponsors and Participants Cite Different ‘Important’ Benefits Compliance Managed Account Fees Challenged in Latest ERISA Lawsuit Market Mirror Tuesday, the Dow fell 280.23 points (1.01%) to 27,502.81, the NASDAQ closed 47.34 points (0.55%) lower at 8,520.64, and the S&P 500 decreased 20.67 points (0.66%) to 3,093.20. The Russell 2000 was down 4.95 points (0.31%) at 1,602.63, and the Wilshire 5000 lost 194.58 points (0.61%) to finish at 31,540.84.The price of the 10-year Treasury note increased 32/32, bringing its yield down to 1.715%. The price of the 30-year Treasury bond climbed 2 4/32, decreasing its yield to 2.162%. UpFront SDBAs Will Produce if Conditions Are Ripe Participants can almost double their savings with an SDBA if they invest wisely—even if that's only with the help of an adviser. Investing Institutional Investors Feel Braced for Whatever the Market Throws Them They favor active management, most have turned to private markets, and nearly half are using scenario analysis to prepare portfolios for political risk. Small Talk Several big tech companies have moved to get into the financial or banking business. Apple Card, Facebook Pay and Google checking are some examples. But, a survey finds big tech companies don’t have the trust that traditional banks do. Among 4,032 professionals surveyed by Blind Workplace Insights, 62% think that traditional banks are more trustworthy with their financial data than big tech. Even more interesting, nearly six in 10 tech employees (57%) trust traditional banks over tech companies. Only 22% of Facebook employees said Facebook is the tech giant with which they are most willing to share financial data. ON THIS DATE: In 1812, Peter Gaillard patented the power mower. In 1918, President Woodrow Wilson became the first chief executive to travel to Europe while in office when he set sail for France to attend the Versailles Peace Conference. In 1945, the Senate approved American participation in the United Nations. In 1991, Associated Press correspondent Terry Anderson was released after nearly seven years in captivity in Lebanon. In 1991, Pan American World Airways ceased operations. In 1992, President George H.W. Bush ordered 28,000 U.S. troops to Somalia, a war-torn East African nation where rival warlords were preventing the distribution of humanitarian aid to thousands of starving Somalis. In 2012, Bopha, a Category 5 typhoon nicknamed “Pablo,” struck the Philippines. Rushing flood waters destroyed entire villages and killed over one thousand people, in what was the strongest typhoon ever to strike the Southeast Asian islands. WEDNESDAY WISDOM: “The best way to cheer yourself up is to try to cheer somebody else up.”—Mark Twain Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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