Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 7th, 2019

Will Changes to Hardship Withdrawal Rules Lead to More Plan Leakage?

Some industry sources believe the availability of more funds for hardship withdrawals and the elimination of the requirement to first take plan loans before hardship withdrawals will lead more people to use their retirement savings before retirement. Read more >
Compliance
Exxon Mobil Stock Drop Suit Dismissed
A federal judge concluded for a second time that plaintiffs in the suit failed to meet a significant pleading standard set forth in a U.S. Supreme Court decision. Read more >
MassMutual Wins Lawsuit Over Stable Value Fund Spread
A judge found the plaintiff in the lawsuit was bound by a prior settlement agreement and that MassMutual did not violate that settlement agreement. Read more >
Experts Push Ways and Means Committee for Retirement Reforms
Given their diverse backgrounds, the speakers shared different points of emphasis in their testimony, but they all called on the lawmakers present to embrace bipartisanship and to enact commonsense solutions. Read more >
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Products, Deals and People
myStockOptions.com Expands Tax Filing Guidance for Equity Compensation Plan Participants
Recent tax changes make IRS filings for recipients of stock compensation more confusing. Read more >
Market Mirror

Wednesday, the Dow was down 21.22 points (0.08%) at 25,390.30, the NASDAQ fell 26.80 points (0.36%) to 7,375.28, and the S&P 500 closed 6.09 points (0.22%) lower at 2,731.61. The Russell 2000 decreased 2.21 points (0.15%) to 1,518.02, and the Wilshire 5000 lost 69.98 points (0.25%) to finish at 28,292.62.

 

The price of the 10-year Treasury note was unchanged, with its yield down to 2.700%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 3.036%.

Investing
Institutional Investors See Worst Calendar Year Performance Since Great Recession
“Fixed income was something of a safe harbor in the fourth quarter, and Corporate ERISA plans benefited from larger allocations to bonds,” says Bill Frieske, with Northern Trust. Read more >
Small Talk

ON THIS DATE: In 1893, Elisha Gray patented a machine called the telautograph. It automatically signed autographs to documents. In 1936, the U.S. vice president’s flag was established by executive order. In 1940, “Pinocchio” world premiered at the Center Theatre in Manhattan. In 1962, the U.S. government banned all Cuban imports and re-export of U.S. products to Cuba from other countries. In 1976, Darryl Sittler (Toronto Maple Leafs) set a National Hockey League (NHL) record when he scored 10 points in a game against the Boston Bruins. He scored six goals and four assists. In 1984, space shuttle astronauts Bruce McCandless II and Robert L. Stewart made the first untethered space walk. In 1985, “New York, New York” became the official anthem of New York City. In 2000, California’s legislature declared that February 13 would be “Charles M. Schulz Day.”

SURVEY SAYS: For some, Valentine’s Day celebrations are a big deal, while for others it’s just another “Hallmark holiday.” This week, I’d like to know, do you plan to celebrate Valentine’s Day this year, and what will that involve? You may respond to this week’s survey by 6 p.m. Pacific time today. Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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