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PLANSPONSOR NEWSDASH LOGO January 28th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
UpFront
Use of Annuities Is SECURE’d
Use of Annuities Is SECURE’d
The new law advances the potential for fixed annuity adoption—including by small plans.
UpFront
Participants Should Practice Cyber Self-Defense
Workers need to know they’ve a part to play in defending their account against hackers.
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
Friday Files - February 21, 2020
5
New Models Continue to Be Introduced for 403(b) Plans
Investing
Don’t Leave Retiring Plan Participants Hanging
Many people are confused about how to invest in retirement, so they will need help before and after they do so.
Economic Events
Sales of new single‐family houses in December were at a seasonally adjusted annual rate of 694,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.4% below the revised November rate of 697,000, but is 23.0% above the December 2018 estimate of 564,000. An estimated 681,000 new homes were sold in 2019. This is 10.3% above the 2018 figure of 617,000.
Market Mirror
Yesterday, the Dow fell 453.93 points (1.57%) to 28,535.80, the NASDAQ shed 175.60 points (1.89%) to finish at 9,139.31, and the S&P 500 closed 51.84 points (1.57%) lower at 3,243.63. The Russell 2000 dropped 40.87 points (2.43%) to 1,644.14, and the Wilshire 5000 plunged 510.78 points (1.52%) to 33,028.77.

The price of the 10-year Treasury note increased 30/32, bringing its yield down to 1.599%. The price of the 30-year Treasury note climbed 1 31/32, decreasing its yield to 2.051%.
Participants
401(k) Participant Equity Holdings Improve in 2019
Participants were “less reactionary” in their trading activity and, though they moved to fixed income for most of the year, contributions and returns increased equity holdings.
Small Talk
ON THIS DATE: In 1547, England’s King Henry VIII died. He was succeeded by his nine-year-old son, Edward VI. In 1878, the first telephone switchboard was installed in New Haven, Connecticut. In 1902, the Carnegie Institution was established in Washington, D.C. It began with a gift of $10 million from Andrew Carnegie. In 1915, the Coast Guard was created by an act of the U.S. Congress to fight contraband trade and aid distressed vessels at sea. In 1916, Louis D. Brandeis was appointed by President Woodrow Wilson to the U.S. Supreme Court, becoming its first Jewish member. In 1985, American recording artists gathered to record “We Are the World,” a record that raised more than $60 million for African famine relief. In 1986, the U.S. space shuttle Challenger exploded just after takeoff. All seven of its crewmembers were killed. In 1997, Clive Davis received a star on the Hollywood Walk of Fame. In 1999, Ford Motor Company announced the purchase of Sweden’s Volvo AB for $6.45 billion.
TRIVIAL PURSUITS: When was the spork invented?
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