Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 9th, 2019

The Senate Math That Could Block SECURE Act

Senate floor time is at a premium ahead of the 2020 presidential election—so much so that even legislation that passed the House with a near-unanimous bipartisan vote is not guaranteed to become law.Read more >
Webinar Event
Around the World in 60 Minutes: Global Equity Updates
Barbara Klementz, partner at Baker McKenzie, will take you through the most important tax and legal changes affecting global share plans during the last six to 12 months. She will discuss relevant issues and provide an action plan for steps to take to address these changes. Register now to learn more about the latest tax and regulatory changes and to make sure your global stock plans have kept pace.Read more >
Benefits & Administration
Decline in Assumed Returns Increased Public Pension Plan Costs
Researchers found a decline in assumed rates of return due to lower assumed inflation combined with a change in asset allocations, resulting in a higher expected real return, has increased costs for public pensions, but the increase is much smaller than if the decline in the assumed return was due to a lower assumed real return.Read more >
EARN Act Clears Senate Finance Committee
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
State Bill Would Require Multiple 403(b) Providers
Deals and People
Lessons Learned from Earlier Recordkeeper Consolidation
Drawing on his experience leading a sizable integration of two recordkeepers, the CEO of John Hancock Retirement Plan Services offers some insight about Principal’s acquisition of Wells Fargo Retirement and Trust.Read more >
Market Mirror

Yesterday, the Dow was down 115.98 points (0.43%) at 26,806.14, the NASDAQ lost 63.41 points (0.78%) to finish at 8,098.38, and the S&P 500 decreased 14.46 points (0.48%) to 2,975.95. The Russell 2000 fell 14.24 points (0.90%) to 1,561.39, and the Wilshire 5000 closed 165.59 points (0.54%) lower at 30,598.13.

The price of the 10-year Treasury note decreased 23/32, bringing its yield up to 2.051%. The price of the 30-year Treasury bond increased 24/32, bringing its yield down to 2.533%.

Industry Voices
Driving Financial Wellness at Work
Wes Collins, senior manager of participant advice services at CAPTRUST, discusses financial wellness areas of focus, broken out by career stage.Read more >
From the Magazine
Infrastructure Fees
In the plaintiffs’ bar’s apparently never-ending onslaught against the retirement industry, plaintiffs have recently concocted new claims and filed new complaints relating to the compensation received by plan service providers. Most recently, plaintiffs have turned their attention to so-called infrastructure fees that recordkeepers receive from mutual fund companies in exchange for making their funds available on their recordkeeping platform. This new development and focus by the plaintiffs’ bar has a plethora of implications for plans and their service providers.Read more >
Small Talk

 THIS DATE: In 1776, the Declaration of Independence was read aloud to Gen. George Washington’s troops in New York. In 1868, the 14th Amendment to the Constitution was ratified. The amendment was designed to grant citizenship to and protect the civil liberties of recently freed slaves. It did this by prohibiting states from denying or abridging the privileges or immunities of citizens of the United States, depriving any person of his life, liberty, or property without due process of law, or denying to any person within their jurisdiction the equal protection of the laws. In 1877, Alexander Graham Bell, Gardiner Greene Hubbard, Thomas Sanders and Thomas Watson formed the Bell Telephone Company. In 1971, the United States turned over complete responsibility of the Demilitarized Zone to South Vietnamese units. In 1997, Mike Tyson was banned from the boxing ring and fined $3 million for biting the ear of opponent Evander Holyfield. In 2005, Danny Way, a daredevil skateboarder, rolled down a large ramp and jumped across the Great Wall of China. He was the first person to clear the wall without motorized aid.

TRIVIAL PURSUITS: Where do the Pacific and Atlantic oceans meet?Read more >
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Editorial: Alison Cooke Mintzer


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