Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 30th, 2019
Benefits & Administration
Empower Views Open MEPs as a Solution for the Coverage Gap
Two-thirds of small businesses that currently do not offer a retirement plan say that they would consider doing so through an open multiple employer plan (MEP), Empower learned in a survey.Read more >
Lessening the Impact on Retirement Savings of Taking a Hardship Withdrawal
Following rule changes plan sponsors still have discretion over limiting the amount of hardship withdrawals and participants can continue to save, and Fidelity recommends helping participants establish emergency savings.Read more >
Products, Deals and People
BPAS, MassPay Synchonize Retirement Plan Data
Their “360 partnership” solution automatically ports information between the plan sponsor, recordkeeper, investment provider and employees.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
Sponsored message from Capital Group
Your employees go above and beyond.
Learn how you can give them the 401(k) they deserve with the target date series from Capital Group, home of American Funds.Read more >
Market Mirror

Yesterday, the Dow was up 28.90 points (0.11%) at 27,221.35, the NASDAQ closed 36.88 points (0.44%) lower at 8,293.33, and the S&P 500 was down 4.89 points (0.16%) at 3,020.97. The Russell 2000 decreased 9.94 points (0.63%) to 1,569.03, and the Wilshire 5000 lost 99.88 points (0.32%) to finish at 31,046.63.

 

The prices of the 10-year Treasury note and 30-year Treasury bond were up 1/32, decreasing their yields to 2.066% and 2.592%, respectively.
Compliance
DOL Releases Final Rule on ‘Association Retirement Plans’
The rule will permit employers to connect with associations of employers in a city, county, state, or a multi-state metropolitan area, or in a particular industry nationwide, as well as a professional employer association (PEO), to provide retirement plans for their employees.Read more >
Sponsored message from Capital Group
Your employees go above and beyond.
Learn how you can give them the 401(k) they deserve with the target date series from Capital Group, home of American Funds.Read more >
Small Talk
ON THIS DATE: In 1619, the first representative assembly in America convened in Jamestown, Virginia. In 1942, the WAVES were created by legislation signed by President Franklin D. Roosevelt. The members of the Women’s Accepted for Volunteer Emergency Service were a part of the U.S. Navy. In 1945, the USS Indianapolis was torpedoed by a Japanese submarine. The ship had just delivered key components of the Hiroshima atomic bomb to the Pacific island of Tinian. Only 316 out of 1,196 men aboard survived the attack. In 1956, the phrase “In God We Trust” was adopted as the U.S. national motto. In 1965, President Lyndon Johnson signed into law Social Security Act that established Medicare and Medicaid. In 1974, the House of Representatives Judiciary Committee voted to impeach President Richard Nixon for blocking the Watergate investigation and for abuse of power.
TRIVIAL PURSUITS: Which of the U.S. states has a flag with two different sides?Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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