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PLANSPONSOR NEWSDASH LOGO January 24th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Pressure Is Building to Consider Climate Change When Investing
Pressure Is Building to Consider Climate Change When Investing
Retirement plan fiduciaries, for now, should at least consider the role climate change will have on plan investments and vice versa.
Administration
Phasing Out Retirement Jargon
Complex retirement planning terminology isn’t just tough for participants to understand. Plan sponsors are having difficulty, too.
Most Read
1
CARES Act Passes Congress, Including Retirement Plan Relief
2
Retirement Plan Provisions Included in Senate’s Stimulus Package
3
Plan Sponsors Facing Difficult Decisions During Coronavirus Pandemic
4
Coronavirus-Related Distributions From 403(b) and Governmental 457(b) Plans
5
SECURE Act Eases Paths for DB Plans
Products
Investment Product and Service Launches
Lincoln Financial Group and Capital Group combine TDFs and annuities; Federated Investors, Inc. to rename brand and ticker symbol; and MSCI publishes principles of sustainable investing.
HSA Bank, Principal Pair HSA, Retirement Savings Information
The collaboration gives Principal customers with an HSA through HSA Bank easy access to a comprehensive online snapshot of their retirement portfolio.
Businessolver Introduces Emergency Savings Employee Benefit
The solution automatically deducts funds from an employee's paycheck, after taxes, and deposits them into an account in an amount specified by the employee.
ERISApedia.com Offers Benchmark Reporting for 403(b)s
Professionals operating in the health care and higher education markets will find this feature particularly useful, the firm says.
Economic Events
A 30-year fixed-rate mortgage averaged 3.60% for the week ending January 23, 2020, down from last week when it averaged 3.65%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 4.45%. A 15-year fixed-rate mortgage averaged 3.04%, down from last week when it averaged 3.09%. A year ago at this time, the 15-year FRM averaged 3.88%.

In the week ending January 18, the advance figure for seasonally adjusted initial claims for unemployment insurance was 211,000, an increase of 6,000 from the previous week’s revised level of 205,000, the Labor Department reported. The four-week moving average was 213,250, a decrease of 3,250 from the previous week’s revised average of 216,500.
Market Mirror
Thursday, the Dow decreased 26.18 points (0.09%) to 29,160.09, the NASDAQ closed 18.71 points (0.20%) higher at 9,402.48, and the S&P 500 was up 3.79 points (0.11%) at 3,325.54. The Russell 2000 was virtually unchanged at 1,685.01, and the Wilshire 5000 increased 33.87 points (0.10%) to 33,862.50.

The price of the 10-year Treasury note increased 26/32, bringing its yield down to 1.732%. The price of the 30-year Treasury bond climbed 32/32, decreasing its yield to 2.180%.
Compliance
Excessive Fee Cases Continue With Lawsuit Against Cerner Corporation
The ERISA complaint includes familiar allegations that retirement plan fiduciaries failed to manage or monitor plan recordkeeping and investment fees.
Investing
The Case for TDFs That Mix Active and Passive Management
PIMCO says a mix of the two makes sense, especially assigning the fixed income portion of the portfolio to active management due to outperformance.
Small Talk
ON THIS DATE: In 1908, in England, the first Boy Scout troop was organized by Robert Baden-Powell. In 1922, Christian K. Nelson patented the Eskimo Pie. In 1935, Krueger Brewing Company placed the first canned beer on sale in Richmond, Virginia. In 1965, Winston Churchill died at the age of 90. In 1985, Penny Harrington became the first woman police chief of a major city—Portland, Oregon. In 2003, the U.S. Department of Homeland Security began operations under Tom Ridge. In 2006, Walt Disney announced the $7.4 billion purchase of Pixar.

And now it’s time for FRIDAY FILES!
I think the arm of this garbage truck needs to be adjusted.

A sneeze misfired the trombone as a band played.

What’s our excuse?

In Jackson, New Jersey, township police posted on Facebook that officers have had to help motorists led to the wrong place by the Waze navigation app. An ad in the Waze navigation app is misdirecting motorists headed to Atlantic City’s Borgata Hotel Casino & Spa into the wilderness of New Jersey’s Pine Barrens, the Associated Press reports. Motorists who followed the directions into the Colliers Mills Wildlife Management Area became stuck on unpaved roads.

In Miami, Florida, a cold snap has caused the National Weather Service in Miami to issue an unusual weather alert. “This isn’t something we usually forecast, but don’t be surprised if you see Iguanas falling from the trees tonight as lows drop into the 30s and 40s. Brrrr,” the service tweeted, according to the AFP. An infographic attached to the tweet added that although the cold-stunned creatures may appear to have met their end, “they are not dead.”

Wishing for a great weekend for everyone!
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