Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 19th, 2019
Lawmakers Ask GAO to Examine Cybersecurity of Retirement System
Senator Patty Murray, D-Washington, Ranking Member of the Senate Health, Education, Labor, and Pensions (HELP) Committee, and Congressman Bobby Scott, D-Virginia, Chairman of the House Committee on Education & Labor, sent a letter to Gene Dodaro, Comptroller General of the U.S. Government Accountability Office (GAO), requesting that the GAO examine the cybersecurity of the retirement system. The letter identifies 10 questions the lawmakers would like the GAO to answer, following its examination.Read more >
Bill Introduced to Help Employers Offer Student Loan Repayment Benefit
Senators John Thune, R-South Dakota, and Mark Warner, D-Virginia, have introduced the Employer Participation in Repayment Act, which would permit employers to contribute up to $5,250 tax-free to their employees’ student loans. The bill would expand the Employer Education Assistance Program, which only provides assistance for workers who are seeking additional education, but does not benefit individuals who already have incurred student loan debt. The legislation has also been introduced in the House of Representatives.Read more >
2022 Plan Sponsor of the Year
2021 Recordkeeping Survey
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
2022 Best in Class 401(k) Plans
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Benefits & Administration
Expansion of Technology Will Increase Cyber Security Threats
Among other risk areas shared in a new report by Aon are expansion of data into mobile devices and sharing of data with third-party vendors and service providers.Read more >
Economic Events
THE ECONOMIC WEEK AHEAD: Tomorrow, the Census Bureau will report about housing starts for January. Thursday, the Labor Department will release its initial claims report, and the National Association of Realtors will report about existing home sales for January.
Market Mirror

Friday, the Dow climbed 443.86 points (1.74%) to 25,883.25, the NASDAQ was up 45.46 points (0.61%) at 7,472.41, and the S&P 500 increased 29.87 points (1.09%) to 2,775.60. The Russell 2000 closed 24.14 points (1.56%) higher at 1,569.25, and the Wilshire 5000 gained 310.98 points (1.09%) to finish at 28,804.23.


The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.666%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 2.996%.


WEEK’S WORTH: For the week ending February 15, the Dow gained 3.09%, the NASDAQ was up 2.39%, and the S&P 500 increased 2.50%. The Russell 2000 climbed 4.17%, and the Wilshire 5000 finished 2.66% higher.
From the Magazine
An Expanded Platform
Fixed income investors have several new options. While higher interest rates will likely hurt the price of conventional bonds, other fixed-income investments can offer shelter. The markets for bank loans and other alternative credit offer important opportunities for plan sponsors; still, such strategies call for particular sponsor oversight.Read more >
Products, Deals and People
Retirement Industry People Moves
Industry consultant moves to SageView; NIRS positions third executive director; TRA acquires pensions administration firm; and more.Read more >
Small Talk
ON THIS DATE: In 1807, former U.S. Vice President Aaron Burr was arrested in Alabama. He was later tried and acquitted on charges of treason. In 1878, Thomas Alva Edison patented a music player (the phonograph). In 1942, President Franklin Roosevelt signed an executive order giving the military the authority to relocate and intern Japanese-Americans. In 1945, during World War II, about 30,000 U.S. Marines landed on Iwo Jima. In 1985, William Schroeder became the first artificial-heart patient to leave the confines of the hospital. In 1985, Cherry Coke was introduced by the Coca-Cola Company. In 1999, Dennis Franz received a star on the Hollywood Walk of Fame. In 2002, NASA’s Mars Odyssey spacecraft began using its thermal emission imaging system to map Mars. In 2004, former Enron Corp. chief executive Jeffrey Skilling was charged with fraud, insider trading and other crimes in connection with the energy trader’s collapse. Skilling was later convicted and sentenced to more than 24 years in prison. In 2005, the USS Jimmy Carter was commissioned at Groton, Connecticut. It was the last of the Seawolf class of attack submarines.
TRIVIAL PURSUITS: What was the first “diet” drink introduced in the U.S.?Read more >
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Editorial: Alison Cooke Mintzer


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