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PLANSPONSOR NEWSDASH LOGO January 31st, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Feature
On Their Own Terms
On Their Own Terms
Plan design can be rejiggered to better engage Millennials.
Administration
Elements of Retirement Plan Committee Education
There are several elements to include for new retirement plan committee members, but ongoing education is also important.
Most Read
1
Supreme Court Decision in Thole v. U.S. Bank Has Major Implications for Pensions
2
Heroes Act Now In the Hands of a Skeptical Senate
3
Court Finds Plan Sponsor Could Be Found Liable for Retirement Plan Cyberfraud
4
Plan Sponsor, Provider Sued for Adding Untested CITs to 401(k)
5
BlackRock Creates Retirement Paycheck
Economic Events
A 30-year fixed-rate mortgage averaged 3.51%, down from last week when it averaged 3.60%. A year ago at this time, the 30-year FRM averaged 4.46%, according to Freddie Mac. A 15-year fixed-rate mortgage averaged 3%, down from last week when it averaged 3.04%. A year ago at this time, the 15-year FRM averaged 3.89%.

In the week ending January 25, the advance figure for seasonally adjusted initial claims for unemployment insurance was 216,000, a decrease of 7,000 from the previous week’s revised level of 223,000, the Labor Department reported. The four-week moving average was 214,500, a decrease of 1,750 from the previous week’s revised average of 216,250.
Market Mirror
Thursday, the Dow gained 124.99 points (0.44%) to finish at 28,859.44, the NASDAQ increased 23.77 points (0.26%) to 9,298.93, and the S&P 500 was up 10.26 points (0.31%) at 3,283.66. The Russell 2000 was down 1.00 point (0.06%) at 1,648.22, and the Wilshire 5000 closed 96.14 points (0.29%) higher at 33,418.22.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.591%. The price of the 30-year Treasury bond decreased 5/32, bringing its yield up to 2.058%.
Compliance
$10M Settlement Agreement Filed in Berkshire Hathaway Pension Lawsuit
Much of the settlement value is tied into a new pension funding formula Berkshire Hathaway will use for certain employees who formerly worked for Acme.
Products
Investment Product and Service Launches
State Street Global Advisors makes changes to ETF suite, and Nationwide launches income solution ETF.
Small Talk
ON THIS DATE: In 1865, General Robert E. Lee was named general-in-chief of the Confederate armies. In 1865, the 13th Amendment to the U.S. Constitution was passed by the House of Representatives. It was ratified by the necessary number of states on December 6, 1865. The amendment abolished slavery in the United States. In 1876, all Native American Indians were ordered to move into reservations. In 1893, the trademark “Coca-Cola” was first registered in the United States Patent Office. In 1940, the first Social Security check was issued by the U.S. Government. In 1949, the first TV daytime soap opera was broadcast from NBC’s station in Chicago. It was “These Are My Children.” In 1950, President Harry S. Truman publicly announced his decision to support the development of the hydrogen bomb. In 1958, Explorer I was put into orbit around the earth. It was the first U.S. earth satellite. In 1971, astronauts Alan B. Shepard Jr., Edgar D. Mitchell and Stuart A. Roosa blasted off aboard Apollo 14 on a mission to the moon. In 1990, McDonald’s Corp. opened its first fast-food restaurant in Moscow, Russia. In 2005, Keanu Reeves received a star on the Hollywood Walk of Fame.

Now for some FRIDAY FUN!
The beginning of a lifelong love of ice cream.

The University of Liverpool Library in northwest England this week revealed what someone had used as a bookmark in one of its books. [pic]

In Lebanon, Tennessee, a man was in court for a simple drug possession charge, when he approached the bench to discuss his sentence. Instead, he expressed his views on legalizing marijuana. According to the Associated Press, he then reached in his pocket, pulled out a marijuana cigarette, lit it, smoked it and was immediately taken into custody.

In Waukesha, Wisconsin, Oscar Mayer’s iconic Wienermobile was recently pulled over by a Sheriff’s deputy. The Associated Press says the driver of the giant hot dog was pulled over for failing to give enough room to another car on the road with emergency lights. The driver got off with a verbal warning this time.

Have a great weekend!
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