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PLANSPONSOR NEWSDASH LOGO January 9th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Actions to Comply With SECURE Act Should Already Be Underway
Though more guidance is expected for certain provisions of the SECURE Act, there are some that are urgent for plan sponsors to address.
Opinions
Are You Investing With the Right Objective in Mind?
Ryan McGlothlin and Michael Clark, with River and Mercantile, say it’s imperative to first understand the nature of future cash requirements to be able to hone in on the type of investment risk that should be in a given portfolio.
Most Read
Administration
Rules for Retaining Benefit Plan Records
Compliance
Effect of the Biden Administration on Health and Retirement Benefits
Benefits
What Happens When Student Loan Payment Deferral Ends?
Market Mirror
Wednesday, the Dow climbed 161.41 points (0.56%) to 28,745.09, the NASDAQ closed 60.66 points (0.67%) higher at 9,129.24, and the S&P 500 increased 15.87 points (0.49%) to 3,253.05. The Russell 2000 was up 5.29 points (0.32%) at 1,663.59, and the Wilshire 5000 gained 146.57 points (0.44%) to finish at 33,135.09.

The price of the 10-year Treasury note decreased 26/32, bringing its yield up to 1.871%. The price of the 30-year Treasury bond fell 32/32, increasing its yield to 2.357%.
Compliance
Judge Tosses Church Plan Lawsuit Against Adventist Health System
Basically, the plaintiff never alleged an injury from the DB plan operating as exempt from ERISA requirements.
Lawsuit Against Trade Association’s 401(k) Plan Moves Forward
National Rural Electric Cooperative Association, previously subject of a DOL investigation, is facing a lawsuit regarding excessive fees and prohibited transactions.
Small Talk
ON THIS DATE: In 1493, explorer Christopher Columbus, sailing near the Dominican Republic, saw three “mermaids”—in reality manatees—and described them as “not half as beautiful as they are painted.” In 1768, Englishman Philip Astley staged the first modern circus in London. In 1788, Connecticut became the 5th state to join the United States. In 1861, the state of Mississippi seceded from the United States. In 1913, Richard Milhous Nixon, 37th president of the United States, was born in California. In 1951, the United Nations headquarters officially opened in New York City. In 1995, Russian cosmonaut Valeri Poliakov, 51, completed his 366th day in outer space aboard the Mir space station, breaking the record for the longest continuous time spent in outer space. In 2002, the Justice Department announced that it was pursuing a criminal investigation of Enron Corp. In 2006, Matthew Broderick and Nathan Lane received stars on the Hollywood Walk of Fame in a dual ceremony.
SURVEY SAYS: This week, I’d like to know what, if any, financial resolutions you’ve made for 2020. You may respond to the survey by 6 p.m. Pacific time today.
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