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PLANSPONSOR NEWSDASH LOGO July 21st, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Opinions
COVID-19 Compliance Corner: Impact on Nonqualified Deferred Compensation Plans
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.
Compliance
Alleged Boeing Retirement Plan Fraudster Charged in California
A federal grand jury has indicted an Orange County man for fraudulently obtaining access to Boeing employees’ retirement accounts and stealing hundreds of thousands of dollars.
Most Read
Benefits
Phased Retirement Programs Offer Perks for Employees and Employers

2020 Recordkeeping Survey
Compliance
VALIC Financial Advisors Charged With Disclosure Failures
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Market Mirror
On Monday, the Dow was up 8.92 points (0.03%) at 26,680.87, the NASDAQ increased 263.90 points (2.51%) to 10,767.09, and the S&P 500 was up 27.11 points (0.84%) at 3,251.84. The Russell 2000 dropped 5.36 points (0.36%) to finish at 1,467.95, and the Wilshire 5000 closed 311.93 points (0.95%) higher at 33,218.90.

The price of the 10-year Treasury note increased 23/32, bringing its yield down to 0.615%. The price of the 30-year Treasury bond was up 5/32, decreasing its yield to 1.311%.
Plan Progress Webinar Series
Mid-Year Investing Review
Each month, PLANSPONSOR editors will facilitate discussions about strategies to move your plan forward. Join us July 30 as retirement industry experts discuss investment types that are needed in your plan or target-date funds (TDFs) for participants to create/have proper diversification and meaningful metrics to use for monitoring and selecting/deselecting investments for your plan.
Administration
PSNC 2019: Is It Time for an RFI/RFP?
It’s important for plan sponsors to stay vigilant and be sure they are holding providers accountable.
Data and Research
Retirement Income Can Be About More Than Guaranteed Options
Given some negative views of annuities, plan sponsors could consider in-plan income options that are not guaranteed.
Small Talk
ON THIS DATE: In 1733, John Winthrop was granted the first honorary Doctor of Law Degree given by Harvard College. In 1861, in the first major land battle of the Civil War, a large Union force under General Irvin McDowell was routed by a Confederate army under General Pierre G.T. Beauregard. In 1925, the “Monkey Trial” ended in Dayton, Tennessee. John T. Scopes was convicted and fined $100 for violating the state prohibition on teaching Darwin’s theory of evolution. The conviction was later overturned on a legal technicality because the judge had set the fine instead of the jury. In 1930, the Veterans Administration of the United States was established. In 1954, the Geneva Conference partitioned Vietnam into North Vietnam and South Vietnam. In 1957, Althea Gibson won the U.S. Clay Court singles title in River Forest to become the first black to win a major tennis championship in the U.S. In 2002, WorldCom Inc. filed for Chapter 11 bankruptcy protection. At the time it was the largest bankruptcy in U.S. history. In 2011, NASA’s space shuttle program completed its final, and 135th, mission, when the shuttle Atlantis landed at Kennedy Space Center in Florida.
TUESDAY TRIVIA: At what temperature do cicadas start to sing?
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