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PLANSPONSOR NEWSDASH LOGO July 14th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Opinions
COVID-19 Compliance Corner: IRS Eases 401(k) Safe Harbor Suspension Rules
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement and health plan sponsors.
Inside Angle
The Pluses of Portability
The auto-feature lessens leakage and the number of missing participants.
Most Read
Data and Research
Edward Jones and Age Wave Introduce the New Four Pillars of Retirement

2020 Recordkeeping Survey
Products
Nationwide to Waive Fees for New Retirement Plan Clients in 2020
Market Mirror
Yesterday, the Dow was up 10.50 points (0.04%) at 26,085.80, the NASDAQ fell 226.60 points (2.13%) to 10,390.84, and the S&P 500 decreased 29.82 points (0.94%) to 3,155.22. The Russell 2000 lost 19.11 points (1.34%) to finish at 1,403.57, and the Wilshire 5000 closed 394.11 points (1.21%) lower at 32,131.85.

The price of the 10-year Treasury note increased 25/32, bringing its yield down to 0.617%. The price of the 30-year Treasury bond climbed 27/32, decreasing its yield to 1.316%.
Compliance
Lawsuit Over Kentucky Retirement System Hedge Fund Investments Dismissed
The Kentucky Supreme Court said it ‘recognizes that plaintiffs allege significant misconduct,’ but it found they lacked standing to bring their claims.
Goldman Sachs Fails to Get ERISA Self-Dealing Suit Dismissed
A federal judge found claims by a participant in the Goldman Sachs 401(k) plan sufficiently plead imprudence and disloyalty.
Small Talk
ON THIS DATE: In 1789, the French Revolution began with Parisians stormed the Bastille prison and released the seven prisoners inside. In 1913, Gerald R. Ford was born Leslie Lynch King, Jr. in Omaha, Nebraska. In 1946, Dr. Benjamin Spock’s “The Common Sense Book of Baby and Child Care” was first published. In 1951, the George Washington Carver National Monument in Joplin, Missouri, became the first national park to honor an African American. In 1967, Eddie Mathews (Houston Astros) hit his 500th career home run. In 1968, Atlanta Braves slugger Henry “Hank” Aaron hit the 500th home run of his career in a 4-2 win over the San Francisco Giants. In 2015, NASA’s New Horizons spacecraft became the first space mission to explore Pluto.
TUESDAY TRIVIA: Which animal has the highest metabolic rate?
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