Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 29th, 2019
Benefits & Administration
Researchers Revisit ‘Spend Safely in Retirement’ Strategy
Researchers offer examples of how a retirement income strategy for middle income Americans, introduced last year, would work in different scenarios.Read more >
PLANSPONSOR Research
2019 403(b) Market Survey
To help readers better understand the competitive landscape, our 2019 403(b) Market Survey provides insight into the experience and capabilities of select recordkeepers. Profiles are meant to be representative of provider offerings.Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
The Odds Are Split for Senate SECURE Act Passage This Year
3
The Tech Behind DC Plan Administration Solutions
4
Congressional Leaders Want SECURE Act Passage in 2019
5
Employees Are Making Each Other Sick
Products, Deals and People
Retirement Industry People Moves
Beltz Ianni & Associates selects Retirement Plan Services manager; Jackson Lewis P.C. hires employee benefits practitioner; Nationwide veteran succeeds former president and COO; and more.Read more >
Economic Events
THE ECONOMIC WEEK AHEAD: Tomorrow, the Conference Board will release its Consumer Confidence Index for July. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about construction spending in June. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for July.
Market Mirror

Friday, the Dow was up 51.47 points (0.19%) at 27,192.45, the NASDAQ climbed 91.67 points (1.11%) to 8,330.21, and the S&P 500 increased 22.19 points (0.74%) to 3,025.86. The Russell 2000 gained 17.52 points (1.12%) to finish at 1,578.97, and the Wilshire 5000 closed 250.96 points (0.81%) higher at 31,146.36.

 

The price of the 10-year Treasury note was virtually unchanged, with its yield at 2.074%. The price of the 30-year Treasury bond was up 3/32, decreasing its yield to 2.595%.

 

WEEK’S WORTH: For the week ending July 26, the Dow was up 0.14%, the NASDAQ climbed 2.25%, and the S&P 500 increased 1.65%. The Russell 2000 gained 2.01%, and the Wilshire 5000 finished 1.76% higher.
Compliance
A Court and the DOL Weigh In on Cross-Plan Offsetting for Health Benefits
An appellate court decision and an amicus brief filed in the case by the Department of Labor (DOL) emphasize plan sponsors’ duty to monitor what health plan providers or third-party administrators (TPAs) are doing.Read more >
Mercer Talks Legislative and Regulatory Changes
Sources say Congress may try to tack the SECURE Act onto other moving legislation this fall, and they recount the many changes in health care regulations driven by President Donald Trump’s executive order.Read more >
Small Talk
ON THIS DATE: In 1874, Major Walter Copton Winfield of England received U.S. patent for the lawn-tennis court. In 1914, the first transcontinental telephone service was inaugurated when two people held a conversation between New York City and San Francisco. In 1950, Disney’s adaptation of Robert Louis Stevenson’s “Treasure Island” was released. In 1957, the International Atomic Energy Agency was established. In 1958, the National Aeronautics and Space Administration (NASA) was authorized by Congress. In 2005, astronomers announced that they had discovered a new planet (Xena) larger than Pluto in orbit around the sun.
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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