Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 17th, 2019
Benefits & Administration
Some Help for Women’s Retirement Savings Gap May Be Coming
Some legislative proposals, such as the SECURE Act, may address challenges to retirement income adequacy women face, but there are also things retirement plan sponsors can do.Read more >
Ask the Experts
Proper Delivery Method for SPDs
“I realize we have to distribute Summary Plan Descriptions every five years if amendments to our Employee Retirement Income Security Act (ERISA) 403(b) plan have been made. However, mailing these SPDs, which are fairly large documents, to all our plan participants is incredibly expensive! Could we possibly mail a letter/postcard with a link to where the document could be accessed via our recordkeeper’s website instead?”Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
Social Security Administration Announced COLA for 2020
3
Updating TDFs to Provide Better Retirement Income
4
IRS Announces Contribution and Benefit Limits for 2019
5
Plan Participants Have Their Own Responsibilities for Cybersecurity
Sponsored message from J. P. Morgan Asset Management
How the SECURE Act would impact 401(k)s
Dan Notto, ERISA Strategist, discusses important changes to the retirement plan landscape if the SECURE Act gets signed into law.Read more >
Economic Events

Advance estimates of U.S. retail and food services sales for June, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $519.9 billion, an increase of 0.4% from the previous month, and 3.4% above June 2018, the Census Bureau reported. Total sales for the April through June period were up 3.4% from the same period a year ago. Retail trade sales were up 0.4% from May and 3.3% from last year. Nonstore retailers were up 13.4% from June 2018, while health and personal care stores were up 5.5% from last year.

The combined value of distributive trade sales and manufacturers’ shipments for May, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,461.4 billion, up 0.2% from April and up 1.5% from May 2018.

Market Mirror

Tuesday, the Dow was down 23.53 points (0.09%) at 27,335.63, the NASDAQ lost 35.39 points (0.43%) to finish at 8,222.80, and the S&P 500 closed 10.26 points (0.34%) lower at 3,004.04. The Russell 2000 was virtually unchanged at 1,561.99, and the Wilshire 5000 decreased 94.17 points (0.30%) to 30,884.17.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.112%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 2.623%.

Compliance
GWU Lawsuit Over Two Retirement Plans Dismissed
A federal court judge ultimately found that a participant in George Washington University’s two retirement plans had previously waived her right to sue for fiduciary breaches under the Employee Retirement Income Security Act (ERISA) in a previous agreement.Read more >
Investing
401(k) Investor’s Move to Fixed Income Continues in June
Alight Solutions says the steady stream of trades in one direction made for the heaviest quarter of net trading since the third quarter of 2016.Read more >
Small Talk
Although they cite both benefits and pitfalls, 67% of hiring managers surveyed by Robert Half use texting to communicate and coordinate interviews with job applicants.Read more >

ON THIS DATE: In 1821, Spain ceded Florida to the U.S. In 1862, national cemeteries were authorized by the U.S. government. In 1867, Harvard School of Dental Medicine was established in Boston. It was the first dental school in the U.S. In 1917, the British royal family adopted the Windsor name. In 1945, President Harry Truman, Soviet leader Josef Stalin and British Prime Minister Winston S. Churchill began meeting at Potsdam in the final Allied summit of World War II. In 1955, Disneyland opened in Anaheim, California. In 1987, Lieutenant Colonel Oliver North and rear Admiral John Poindexter begin testifying to Congress at the “Iran-Contra” hearings. In 1997, after 117 years in business, the Woolworth Corp. closed its last 400 stores.

 

WEDNESDAY WISDOM: “He who angers you conquers you.”—Sister Elizabeth Kenny, Australian nurse and health administrator

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

Advertising: advertise@strategic-i.com

Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund