Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 23rd, 2019
SECURE Act Passage May Hinge on Budget, Debt Ceiling Negotiations
The House is scheduled to leave Washington on Friday and the Senate is expected to start its recess a week later, after which federal budget and debt ceiling negotiations will almost certainly take center stage.Read more >
A Good Auditor
Consider the fiduciary obligations when selecting and monitoring the plan’s auditor, as this process raises unique issues and has been highlighted by the Department of Labor (DOL) in recent years. Because human resources (HR) is the most likely department to deal with auditors, it may receive the task of selecting them; still, the final decision remains a fiduciary one.Read more >
2022 Recordkeeping Survey
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
More TDF Underperformance Lawsuits Emerge Across US
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Market Mirror

Monday, the Dow gained 17.70 points (0.07%) to finish at 27,171.90, the NASDAQ closed 57.65 points (0.71%) higher at 8,204.14, and the S&P 500 climbed 8.42 points (0.28%) to 2,985.03. The Russell 2000 was down 3.11 points (0.20%) at 1,544.78, and the Wilshire 5000 gained 80.08 points (0.26%) to finish at 30,687.66.


The price of the 10-year Treasury note increased 1/32, bringing its yield down to 2.044%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 2.575%.
Participants Display a Variety of Risk Biases, Damaging Outcomes
Findings from a recent investor survey conducted by SEI in collaboration with Phoenix Marketing International show there are many different biases impacting the behavior of retirement investors. According to John Anderson and J. Womack, both managing directors with SEI, the act of pursuing and maintaining risk exposure runs against investors’ natural instinct to try to prevent losing money. However, these same protective instincts can undermine their ability to achieve specific longer-term goals.Read more >
Small Talk
ON THIS DATE: In 1829, William Burt patented the typographer, which was the first typewriter. In 1904, the ice cream cone was invented by Charles E. Menches. In 1914, Austria-Hungary issued an ultimatum to Serbia following the killing of Archduke Francis Ferdinand by a Serb assassin. The dispute led to World War I. In 1938, the first federal game preserve was approved by the U.S. Fish and Wildlife Service. The area was 2,000 acres in Utah. In 1954, a law was passed that stated “The Secretary of the Navy is authorized to repair, equip, and restore the United States Ship Constitution, as far as may be practicable, to her original appearance, but not for active service, and thereafter to maintain the United States Ship Constitution at Boston, Massachusetts.” In 1962, the “Telstar” communications satellite sent the first live TV broadcast to Europe. In 1985, Commodore unveiled the personal computer Amiga 1000. In 1998, U.S. scientists at the University of Hawaii turned out more than 50 “carbon-copy” mice, with a cloning technique.
TRIVIAL PURSUITS: Is Humpty Dumpty an egg?Read more >
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Editorial: Alison Cooke Mintzer


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