Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 11th, 2019

Open MEPs Not for Every Plan Sponsor

If legislation passes to allow for open multiple employer plans (MEPs), experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.Read more >
Benefits & Administration
Sponsors of Fully Automated Retirement Plans Feel They Are Reaching Goals
Seventy percent think their approach will help employees retire at their targeted retirement age, compared to only 43% of plan sponsors without this specific plan design.Read more >
Products, Deals and People
Mercer Offers Longevity Risk Reporting to Pension Plan Sponsors
Mercer’s clients in the United States will have access to Club Vita’s proprietary longevity assumptions, analytics and reporting, which will help them to better assess and manage their plans’ longevity risk.Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
IRS Proposes Update to Mortality Tables Used to Calculate RMDs
3
Employees Are Making Each Other Sick
4
Maximum Benefit and Contribution Limits Table 2020
5
Congressional Leaders Want SECURE Act Passage in 2019
Sponsored message from J.P. Morgan Asset Management
Ready! Fire! Aim?
More than a decade of research on retirement plan participant behavior continues to highlight important trends and implications for target date fund design.Read more >
Economic Events
May sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $503.4 billion, up 0.1% from the revised April level and up 0.4% from the May 2018 level, the Census Bureau reported. The March to April percent change was unrevised from the preliminary estimate of down 0.4%.
Market Mirror

Wednesday, the Dow increased 76.71 points (0.29%) to 26,860.20, the NASDAQ climbed 60.80 points (0.75%) to 8,202.53, and the S&P 500 gained 13.44 points (0.45%) to finish at 2,993.07. The Russell 2000 was up 2.46 points (0.16%) at 1,565.05, and the Wilshire 5000 closed 130.69 points (0.43%) higher at 30,785.62.

 

The price of the 10-year Treasury note was virtually unchanged, with its yield at 2.065%. The price of the 30-year Treasury bond decreased 9/32, bringing its yield up to 2.583%.
Compliance
House Committee Advances Bill to Establish Union Pension Lifeline Program
The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.Read more >
Vendor Process Reviews Are Crucial to Retirement Plan Cybersecurity
A digital security expert says “the behavioral and human element of data protection is always the most challenging part.”Read more >
Small Talk
ON THIS DATE: In 1798, the U.S. Marine Corps was formally re-established by “An Act for Establishing a Marine Corps” passed by Congress. The act also created the U.S. Marine Band. The Marines were first commissioned by the Continental Congress on November 10, 1775. In 1804, the United States’ first secretary of the treasury, Alexander Hamilton, was killed by Vice President Aaron Burr in a duel. In 1914, Babe Ruth debuted in the major leagues with the Boston Red Sox. In 1955, the U.S. Air Force Academy was dedicated in Colorado at Lowry Air Base. In 1977, the Medal of Freedom was awarded posthumously to Rev. Dr. Martin Luther King Jr. in a White House ceremony. In 1995, full diplomatic relations were established between the United States and Vietnam.
SURVEY SAYS: Would you rather celebrate Independence Day on July 4, no matter on which day of the week it falls, or move the holiday to the Monday or Friday of that week?Read more >
Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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