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PLANSPONSOR NEWSDASH LOGO February 5th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Steps for Creating an Effective IPS
Steps for Creating an Effective IPS
While not required, a road map for investment selection and monitoring is a best practice, and sources now say the more detailed, the better.
Awards
2020 Plan Sponsor of the Year Finalists
PLANSPONSOR is pleased to announce the Plan Sponsor of the Year finalists in the Nonprofit DC <$500MM and Nonprofit DC >$500MM categories.
Most Read
1
2020 Best in Class 401(k) Plans
2
IRS Announces 2020 Contribution and Benefit Limits
3
Why Nonprofits May Prefer a 403(b) Plan Over a 401(k)
4
Extending Financial Wellness Into Retirement
5
Friday Files - February 21, 2020
Products
Lively Launches ‘HSA-Compatible FSA’
The company says the launch is happening in response to “overwhelming customer and partner demand.”
Economic Events
New orders for manufactured durable goods in December increased $5.7 billion or 2.4% to $245.5 billion, the U.S. Census Bureau announced. This increase, up two of the last three months, followed a 3.1% November decrease. Excluding transportation, new orders decreased 0.1%. Excluding defense, new orders decreased 2.5%. Transportation equipment, up following three consecutive monthly decreases, drove the increase, $5.9 billion or 7.6% to $82.9 billion.
Market Mirror
Tuesday, the Dow gained 407.82 points (1.44%), finishing at 28,807.63. The NASDAQ increased 194.57 points (2.10%) to 9,467.97, and the S&P 500 gained 48.67 points (1.50%) to finish at 3,297.59. The Russell 2000 closed 24.56 points (1.50%) higher at 1,656.76, and the Wilshire 5000 increased 510.65 points (1.54%) to 33,609.67.

The price of the 10-year Treasury note fell 6/32, bringing its yield up to 1.599%. The price of the 30-year Treasury bond fell 1 29/32, increasing its yield to 2.080%.
Compliance
CBIZ Actuarial Error Lawsuit Moves Ahead
A court has ruled against CBIZ’s motion for summary judgement in a lawsuit accusing the firm of making costly actuarial errors.
2nd Circuit Again Remands Decade-Old PwC ERISA Litigation
The appellate court disagreed with a lower court finding that reformation of PwC's cash balance plan and the recalculation of benefits in accordance with the reformed plan was an unavailable relief.
Ask the Experts
Can Plan Sponsors Limit the Automatic Enrollment Opt-Out Period?
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Small Talk
ON THIS DATE: In 1917, Congress passed the Immigration Act of 1917 (Asiatic Barred Zone Act) with an overwhelming majority—overriding President Woodrow Wilson’s December 14, 1916 veto. In 1952, in New York City, four signs were installed at 44th Street and Broadway in Times Square that told pedestrians “don’t walk.” In 1953, the Walt Disney’s film “Peter Pan” opened at the Roxy Theatre in New York City. In 1972, Bob Douglas became the first black man elected to the Basketball Hall of Fame in Springfield, Massachusetts. In 1994, white separatist Byron De La Beckwith was convicted in Jackson, Mississippi, of the 1963 murder of civil rights leader Medgar Evers. In 1997, investment bank Morgan Stanley announced a $10 billion merger with Dean Witter.
WEDNESDAY WISDOM: “It is amazing how complete is the delusion that beauty is goodness.”—Leo Tolstoy, Russian author
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