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PLANSPONSOR NEWSDASH LOGO December 5th, 2019
Insight on Plan Design & Investment Strategy Every Weekday
Research
2019 NQDC Survey
2019 NQDC Survey
PLANSPONSOR’s NQDC Survey offers a list of providers, ranked by different criteria, including the number of Section 409A and Section 457 plans they serve, as well as by number of experts on staff.
Opinions
Barry’s Pickings: Extend HATFA Now
Michael Barry, president of O3 Plan Advisory Services LLC, discusses how interest rate “stabilization” is still needed in this era of sustained low interest rates and suggests improvements to the process.
Most Read
Compliance
CARES Act Passes Congress, Including Retirement Plan Relief
Compliance
Retirement Plan Provisions Included in Senate’s Stimulus Package
Administration
Plan Sponsors Facing Difficult Decisions During Coronavirus Pandemic
Products
Stable Value Guaranteed Income Fund Launched by John Hancock
The new fund is offered through a group annuity contract, with underlying assets issued and guaranteed by the John Hancock Life Insurance Company.
SPONSORED BY: Franklin Templeton
Can Your Target Date Fund Adapt to Change?
Many of the major target date fund series can’t adapt to changes in market conditions. And that’s starting to look more and more dangerous for your participants. Especially near retirement. Read more
Market Mirror
Wednesday, the Dow gained 146.97 points (0.53%) to finish at 27,649.78, the NASDAQ closed 46.03 points (0.54%) higher at 8,566.67, and the S&P 500 increased 19.56 points (0.63%) to 3,112.76. The Russell 2000 was up 11.27 points (0.70%) at 1,613.90, and the Wilshire 5000 climbed 187.26 points (0.59%) to 31,727.95.

The price of the 10-year Treasury note decreased 27/32, bringing its yield up to 1.773%. The price of the 30-year Treasury bond fell 1 3/32, increasing its yield to 2.223%.
Compliance
Legislation Would Allow Retirement Plan Withdrawals to Pay Student Loan Debt
While this seems counterintuitive to the effort to discourage leakage from retirement accounts, a summary of the bill states, “The quicker student loan debt is paid down, the sooner workers can focus on retirement savings.”
Investing
PIMCO to Reimburse Investors for Fee Miscalculation
The firm found an advisory fee waiver in place on the PIMCO All Asset All Authority Fund was less than it should have been.
Small Talk
ON THIS DATE: In 1782, the first native U.S. president, Martin Van Buren, was born in Kinderhook, New York. In 1848, President James Polk triggered the Gold Rush of ’49 by confirming the fact that gold had been discovered in California. In 1901, movie producer Walt Disney was born in Chicago. In 1908, at the University of Pittsburgh, numerals were first used on football uniforms worn by college football players. In 1933, Prohibition came to an end when Utah became the 36th state to ratify the 21st Amendment to the Constitution. In 1945, the so-called “Lost Squadron” disappeared. The five U.S. Navy Avenger bombers carrying 14 Navy flyers began a training mission at the Ft. Lauderdale Naval Air Station. They were never heard from again. In 1955, the American Federation of Labor and the Congress of Industrial Organizations merged to form the AFL-CIO. In 1978, the American space probe Pioneer Venus I, orbiting Venus, began beaming back its first information and picture of the planet. In 2013, Nelson Mandela, the former activist who overcame a nearly three-decade prison stint to become president of South Africa, passed away at the age of 95.
SURVEY SAYS: It’s time for our biennial favorite holiday movie survey. This week, I’d like to know, “What is your favorite holiday movie?” Note: Movies listed represent all versions of the movie, so no need to post certain versions in “other.”
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