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PLANSPONSOR NEWSDASH LOGO February 4th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Awards
2020 Plan Sponsor of the Year Finalists
2020 Plan Sponsor of the Year Finalists
PLANSPONSOR is pleased to announce the 2020 Plan Sponsor of the Year finalists in the Public Defined Contribution (DC) category.
Opinions
Barry’s Pickings: The 2020 Retirement Policy Agenda
Michael Barry, president of O3 Plan Advisory Services LLC, discusses policy issues he hopes to see addressed—most not in the SECURE Act.
Most Read

2020 Defined Benefit Administration Survey
Ask the Experts
Clarification of Loan Repayment Delay Provisions of CARES Act
Compliance
Use of Fidelity Active Management Funds Questioned in Court
Economic Events
Construction spending during December 2019 was estimated at a seasonally adjusted annual rate of $1,327.7 billion, 0.2% below the revised November estimate of $1,329.9 billion, the Census Bureau announced. The December figure is 5.0% above the December 2018 estimate of $1,264.8 billion.
Market Mirror
Monday, the Dow gained 143.78 points (0.51%), finishing at 28,399.81. The NASDAQ increased 122.47 points (1.34%) to 9,273.40, and the S&P 500 gained 23.40 points (0.73%) to finish at 3,248.92. The Russell 2000 closed 18.14 points (1.12%) higher at 1,632.20, and the Wilshire 5000 increased 260.84 points (0.79%) to 33,099.03.

The price of the 10-year Treasury note fell 2/32, bringing its yield up to 1.526%. The price of the 30-year Treasury bond fell 1/32, increasing its yield to 2.004%.
Compliance
Signing and Retaining Plan Documents Is Essential
Following a memo warning retirement plan sponsors of potential disqualification, attorneys offer suggestions for plan document execution procedures.
Products
MassMutual Offers Student Loan Refinancing Assistance
A refinancing program provided through CommonBond is available on the company’s MapMyFinances financial wellness tool.
Small Talk
ON THIS DATE: In 1783, Britain declared a formal cessation of hostilities with its former colonies, the United States of America. In 1789, electors unanimously chose George Washington to be the first president of the United States. In 1824, J.W. Goodrich introduced rubber galoshes to the public. In 1861, delegates from six southern states met in Montgomery, Alabama, to form the Confederate States of America. In 1913, Civil Rights icon Rosa Parks was born in Tuskegee, Alabama. In 1932, the first Winter Olympics opened in the United States at Lake Placid, New York. In 1945, during World War II, President Franklin Roosevelt, British Prime Minister Winston Churchill and Soviet leader Josef Stalin began a conference at Yalta to outline plans for Germany’s defeat. In 1952, Jackie Robinson was named Director of Communication for NBC. He was the first black executive of a major radio-TV network. In 1957, Smith-Corona Manufacturing Inc., of New York, began selling portable electric typewriters. The first machine weighed 19 pounds. In 2003, Yugoslavia was formally dissolved by lawmakers. The country was replaced with a loose union of its remaining two republics, Serbia and Montenegro. In 2004, the social networking website Facebook.com was launched.
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