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PLANSPONSOR NEWSDASH LOGO February 26th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Wellness Strategies
The Employer Component
The Employer Component
Sponsors have various options for contributing to employee wellness.
New eBook!
Important 403(b) Questions Answered
Since the IRS passed updated 403(b) plan regulations in 2007, PLANSPONSOR has offered a resource for those in the market to ask general questions and receive answers from experts in the field. In “Important 403(b) Questions Answered” readers will find a collection of Q&As addressing unique features of 403(b) plans—such as the prevalence of annuities within them—compliance requirements, administration of unique 403(b) plan provisions—such as the 15-year catch up contribution election—and more.
Most Read
1
CARES Act Passes Congress, Including Retirement Plan Relief
2
Retirement Plan Provisions Included in Senate’s Stimulus Package
3
Coronavirus News for Plan Sponsors
4
Plan Sponsors Facing Difficult Decisions During Coronavirus Pandemic
5
Coronavirus-Related Distributions From 403(b) and Governmental 457(b) Plans
Deals and People
Financial Services Consolidation Continues in 2020
Merger and acquisition activity is quickly reshaping the landscape of retirement plan recordkeeping, asset management and advisory services.
Economic Events
The Conference Board Consumer Confidence Index improved slightly in February, following an increase in January. The Index now stands at 130.7 (1985=100), up from 130.4 in January. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased from 173.9 to 165.1. However, the Expectations Index—based on consumers’ short-term outlook for income, business and labor market conditions—increased from 101.4 last month to 107.8 this month.
Market Mirror
Tuesday, the Dow fell 879.44 points (3.15%) to 27,081.36, the NASDAQ lost 255.67 points (2.77%) to finish at 8,965.61, and the S&P 500 dropped 97.68 points (3.03%) to 3,128.21. The Russell 2000 closed 56.21 points (3.45%) lower at 1,571.90, and the Wilshire 5000 plunged 1,106.15 points (3.09%) to 31,921.37.

The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.343%. The price of the 30-year Treasury bond increased 26/32, bringing its yield down to 1.816%.
Ask the Experts
Are PEPs Available to 403(b) Plan Sponsors?
“As a small 403(b) plan sponsor, I read with great interest the new pooled employer plan (PEP) provisions of the SECURE Act that will allow unrelated employers to band together into a single retirement plan to increase their purchasing power. Are PEPs available to 403(b)s?”
Inside Angle
A Leap Forward
DOL proposes new electronic disclosure rules.
Small Talk
ON THIS DATE: In 1870, in New York City, the first pneumatic-powered subway line was opened to the public. In 1919, in Arizona, the Grand Canyon was established as a National Park with an act of Congress. In 1929, President Calvin Coolidge signed a bill creating the Grand Teton National Park. In 1930, New York City installed traffic lights. In 1993, six people were killed and more than a thousand injured when a van exploded in the parking garage beneath the World Trade Center in New York City. The bomb had been built by Islamic extremists.
WEDNESDAY WISDOM: “It is not enough to have a good mind; the main thing is to use it well.”—Rene Descartes, French philosopher, mathematician and scientist
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