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PLANSPONSOR NEWSDASH LOGO February 3rd, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Investment Focus
HSA Investment Options
HSA Investment Options
A valuable way to grow savings for health care expenses.
Compliance
Navy Contractor Serco Faces ERISA Excessive Fee Lawsuit
The complaint states that the plan’s investment options and fees “cannot be justified.”
Most Read

2020 Best in Class 401(k) Plans
Compliance
IRS Announces 2020 Contribution and Benefit Limits
Administration
Why Nonprofits May Prefer a 403(b) Plan Over a 401(k)
Compliance
Details About SECURE Act’s PEP and Lifetime Income Provisions
Open MEPs are now PEPs, and additional guidance is needed about requirements for PEPs and other provisions of the SECURE Act.
Economic Events
Today, the Census Bureau will report about construction spending for December, and tomorrow it will report about factory orders for December. Thursday, the Labor Department will issue its initial claims report. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for January, and the Census Bureau will report about wholesale trade for December.
Market Mirror
Friday, the Dow took a 603.41-points (2.09%) dive, finishing at 28,256.03. The NASDAQ fell 148.00 points (1.59%) to 9,150.94, and the S&P 500 lost 58.14 points (1.77%) to finish at 3,225.52. The Russell 2000 closed 34.16 points (2.07%) lower at 1,614.06, and the Wilshire 5000 dropped 579.90 points (1.74%) to 32,838.24.

The price of the 10-year Treasury note increased 30/32, bringing its yield down to 1.501%. The price of the 30-year Treasury bond climbed 1 3/32, decreasing its yield to 2.000%.

For the week ending January 31, the Dow lost 2.53%, the NASDAQ was down 1.79%, and the S&P 500 finished 2.12% lower. The Russell 2000 fell 2.90%, and the Wilshire 5000 decreased 2.09%.
UpFront
Advisers Need Benchmarking, Too
It may be time to confirm your plan is actually getting the services it needs.
Deals & People
Retirement Industry People Moves
Empower Retirement selects asset management SVP and head; Employee benefits partner joins Dechert LLP; MassMutual appoints defined benefit leader; and more.
Small Talk
ON THIS DATE: In 1809, the territory of Illinois was created. In 1913, the 16th Amendment to the U.S. Constitution was ratified. It authorized the power to impose and collect income tax. In 1924, Woodrow Wilson, the 28th president of the United States, died in Washington, D.C., at the age of 67. In 1927, the Federal Radio Commission was created. In 1944, American forces invaded and took control of the Marshall Islands, long occupied by the Japanese and used by them as a base for military operations. In 1959, rising American rock stars Buddy Holly, Ritchie Valens and J.P. “The Big Bopper” Richardson were killed when their chartered Beechcraft Bonanza plane crashed in Iowa. In 1972, the first Winter Olympics in Asia opened in Sapporo, Japan. In 1984, Challenger 4 was launched as the tenth space shuttle mission. In 2005, Alberto Gonzales won Senate confirmation as the nation’s first Hispanic attorney general. In 2009, Eric Holder was sworn in as attorney general. He was the first African-American to hold the post.
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