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PLANSPONSOR NEWSDASH LOGO February 20th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Public-Sector Employers Have Incentive to Keep Retiree Benefits Viable
The value public-sector employees place on retiree health and pension benefits is worth the effort of finding solutions to keep offering them.
2020 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the sixth “class” of companies winning the Best in Class 401(k) Plan designation.
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
Administration
New Models Continue to Be Introduced for 403(b) Plans
K-12 and university 403(b) plan sponsors have turned to multiemployer plan solutions—the latest of which is launching in Indiana.
Economic Events
The Producer Price Index for final demand advanced 0.5% in January, as prices for final demand services rose 0.7% and the index for final demand goods inched up 0.1%, according to the Bureau of Labor Statistics. The final demand index increased 2.1% for the 12 months ended in January.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced that privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,551,000. This is 9.2% above the revised December rate of 1,420,000 and is 17.9% above the January 2019 rate of 1,316,000. Single‐family authorizations in January were at a rate of 987,000; this is 6.4% above the revised December figure of 928,000. Authorizations of units in buildings with five units or more were at a rate of 522,000 in January.
Market Mirror
Wednesday, the Dow was up 115.84 points (0.40%) at 29,348.03, the NASDAQ climbed 84.44 points (0.87%) to 9,817.18, and the S&P 500 increased 15.86 points (0.47%) to 3,386.15. The Russell 2000 gained 9.05 points (0.54%) to finish at 1,692.57, and the Wilshire 5000 closed 170.85 points (0.50%) higher at 34,534.02.

The price of the 10-year Treasury note was unchanged, with its yield at 1.568%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.014%.
Products
Prudential Adds Debt Management Services to Financial Wellness Offering
GreenPath offers a free session with a certified financial counselor to establish goals and explore debt repayment options.
Vanguard Offers Equity Comp Services Integrated With DC Plan Portal
The solution provides participants with a one-stop platform designed to simplify administration, streamline transactions and inform financial decisions.
Small Talk
ON THIS DATE: In 1792, President George Washington signed the Postal Service Act that created the U.S. Post Office. In 1872, the Metropolitan Museum of Art opened in New York City. In 1880, the American Bell Company was incorporated. In 1944, “Big Week” began as U.S. bombers began raiding German aircraft manufacturing centers during World War II. In 1962, John Glenn made space history when he orbited the world three times in 4 hours, 55 minutes. He was the first American to orbit the Earth. In 1998, American Tara Lipinski, at age 15, became the youngest gold medalist in winter Olympics history when she won the ladies’ figure skating title at Nagano, Japan.
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