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PLANSPONSOR NEWSDASH LOGO January 16th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Retirement Plan Features to Consider Pruning
Retirement Plan Features to Consider Pruning
Some features make administration unnecessarily difficult, while others could derail participants’ retirement readiness.
Opinions
Preventive Maintenance Is Key to Retirement Plan Health
Jay Schmitt, Strategic Benefits Advisors, discusses how plan sponsors can check their plans periodically to make sure they are error-free and in compliance.
Most Read
Compliance
DOL ESG Proposal Throws a Cloud Over Prior Guidance
Compliance
Lawsuit Says Plan Fiduciaries Should Have Chosen Less Expensive CITs
Opinions
COVID-19 Compliance Corner: IRS Expands CRD Eligibility and Clarifies Loan Rules
Products
MetLife Offers Digital Enrollment for non-ERISA 403(b)s
With EnrollNow, participants receive support as they make important decisions such as selecting a deferral amount and choosing funding options.
Economic Events
The Producer Price Index for final demand edged up 0.1% in December, as prices for final demand goods rose 0.3% and the index for final demand services was unchanged, according to the Bureau of Labor Statistics. The final demand index moved up 1.3% in 2019.
Market Mirror
Wednesday, the Dow gained 90.55 points (0.31%) to finish at 29,030.22, the NASDAQ was up 7.37 points (0.08%) at 9,258.70, and the S&P 500 increased 6.14 points (0.19%) to 3,289.29. The Russell 2000 gained 6.66 points (0.40%) to finish at 1,682.40, and the Wilshire 5000 closed 64.37 points (0.19%) higher at 33,534.20.

The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.783%. The price of the 30-year Treasury bond increased 29/32, bringing its yield down to 2.237%.
Benefits
HSA Investment Menus Shouldn’t Just Replicate Those of DC Plans
Devenir offers suggestions for plan sponsors when crafting an HSA investment menu or benchmarking the investment menu of a provider.
Compliance
Broker/Dealer Rep Accused of Misleading 403(b) Plan Participants
The Delaware Attorney General’s Investor Protection Unit says the representative took advantage of 403(b) participants who were confused about the transition to a single provider.
Small Talk
ON THIS DATE: In 1883, the United States Civil Service Commission was established as the Pendleton Act went into effect. In 1900, the Senate consented to the Anglo-German treaty of 1899, by which the U.K. renounced rights to the Samoan islands. In 1919, the 18th Amendment to the U.S. Constitution, which prohibited the sale or transportation of alcoholic beverages, was ratified. In 1920, Prohibition went into effect in the U.S. In 1944, General Dwight D. Eisenhower took command of the Allied invasion force in London. In 1961, Mickey Mantle signed a contract that made him the highest paid baseball player in the American League at $75,000 for the 1961 season. In 1991, the White House announced the start of Operation Desert Storm. The operation was designed to drive Iraqi forces out of Kuwait. In 2002, the U.N. Security Council unanimously adopted sanctions against Osama bin Laden, his terror network and the remnants of the Taliban. The sanctions required that all nations impose arms embargoes and freeze their finances.
SURVEY SAYS: This week, I’d like to know, which 2020 nominee for Best Motion Picture do you think should win the Oscar? You may respond to this week’s survey by 6 p.m. Pacific time today.
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