Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 11th, 2019

The Importance of Rebalancing DC Plan Portfolios

Once they select the proper asset allocation for their retirement savings, participants need to be prodded to rebalance their portfolios regularly to maintain the appropriate risk. Read more >
Benefits & Administration
PSNC 2019: How to Save for Health and Retirement
Utilizing health savings accounts (HSAs) to save for health care expenses in retirement is a balancing act, as inevitably there will be a time to spend, and participants need education about how to maximize HSA benefits. Read more >
PSNC 2019: Discouraging Plan Leakage
Speakers on a panel at the 2019 PLANSPONSOR National Conference offered new ideas for reducing leakage from defined contribution (DC) retirement plans. Read more >
MOST READ ARTICLES
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AT&T Sued Over Calculation of Early Retirement Benefits
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Congressional Leaders Want SECURE Act Passage in 2019
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New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans
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IRS Releases 2019-2020 Priority Guidance Plan
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DC Plans 3.0 Will Really be Tailored to Individual Situations
Products, Deals and People
LeafHouse Offers Packaged Program for Retirement Plans
FlexPrecision is low-cost and simplifies operations while providing access to well-known investment funds with LeafHouse 3(38) fiduciary investment manager protection. Read more >
Sponsored message from Kashable
Reduce 401(k) loans and preserve retirement savings
Over 40% of employees will withdraw from their retirement accounts in a given 4-year period. However, employers can stop retirement savings leakage with Kashable’s low-cost loan program. Read more >
Market Mirror

Yesterday, the Dow was up 78.74 points (0.30%) at 26,062.68, the NASDAQ climbed 81.07 points (1.05%) to 7,823.17, and the S&P 500 increased 13.39 points (0.47%) to 2,886.73. The Russell 2000 gained 9.17 points (0.61%) to close at 1,523.56, and the Wilshire 5000 closed 153.14 points (0.52%) higher at 29,698.68.

 

The price of the 10-year Treasury note was down 5/32, increasing its yield to 2.144%. The price of the 30-year Treasury bond decreased 11/32, bringing its yield up to 2.625%.

Compliance
PSNC 2019: 403(b) Plan Remedial Amendment Period
The last day of the remedial amendment period for 403(b) plans is March 31, 2020. What does the remedial amendment period offer 403(b) plan sponsors? Read more >
PSNC 2019: Be Prepared for a DOL Audit
Having processes in place and following published Department of Labor (DOL) guidance are a couple of things plan sponsors can do to be prepared for an audit. Read more >
Small Talk

ON THIS DATE: In 1895, Charles E. Duryea received the first U.S. patent granted to an American inventor for a gasoline-driven automobile. In 1936, the Presbyterian Church of America was formed in Philadelphia. In 1963, facing federalized Alabama National Guard troops, Alabama Governor George Wallace ended his blockade of the University of Alabama in Tuscaloosa and allowed two African American students to enroll. In 1972, Hank Aaron tied the National League record for 14 grand-slam home runs in a career. In 1979, John Wayne, an iconic American film actor famous for starring in countless westerns, died at age 72. In 1990, the U.S. Supreme Court struck down a law that would prohibit the desecration of the American Flag.

TRIVIAL PURSUITS: Which two letters are missing from North American standard telephone keypads? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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