Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 12th, 2019
Benefits & Administration
Hedging May Have Buffered DB Plan Losses in May
Defined benefit (DB) plans lost their 2019 funded status gains in May, and some firms say hedging liabilities would have helped. Read more >
Ask the Experts
Must 403(b)s Adopt a Pre-Approved Plan Document?
“Our 403(b) plan recordkeeper wishes for us to adopt their preapproved retirement plan document. However I am quite happy with our individually designed 403(b) plan document that was prepared by our outside retirement plan counsel. Do I have to use the recordkeeper’s document now or can I stick with the attorney-prepared document that I have?” Read more >
Investing
PSNC 2019: DC Investment Ideas, ESG and CITs
Panelists at the 2019 PLANSPONSOR National Conference discussed the risk-reduction and performance benefits that environmental, social and governance (ESG) can bring and that certain challenges associated with the use of collective investment trusts (CITs) by retirement plans have largely been resolved. Read more >
MOST READ ARTICLES
1
PSNC 2019: Best Practices for Your Retirement Plan Committee
2
Financial Wellness Programs Can Benefit Employers in Several Ways
3
The Importance of Rebalancing DC Plan Portfolios
4
(b)lines Ask the Experts – Must 403(b)s Adopt a Pre-Approved Plan Document?
5
What’s Actually in the Retirement Enhancement and Savings Act of 2019?
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Economic Events

The Producer Price Index for final demand rose 0.1% in May, as prices for final demand services increased 0.3%, and the index for final demand goods declined 0.2%, according to the Bureau of Labor Statistics. The final demand index increased 1.8% for the 12 months ended in May.

Market Mirror

Tuesday, the Dow was down 14.17 points (0.05%) at 26,048.51, the NASDAQ was virtually unchanged at 7,822.57, and the S&P 500 slipped 1.01 points (0.03%) to 2,885.72. The Russell 2000 closed 4.45 points (0.29%) lower, and the Wilshire 5000 decreased 24.17 points (0.08%) to 29,674.53.

The price of the 10-year Treasury note was virtually unchanged, with its yield at 2.142%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 2.619%.

Compliance
PSNC 2019: Understanding 3(16) and 3(38) Fiduciary Outsourcing
Good candidates for outsourcing include plan sponsors who want to spend more time focused on plan design innovation and tracking outcomes of investment management and administrative oversight. Read more >
PSNC 2019: The Lessons From Litigation
Retirement plan sponsors can learn best practices from looking at the claims filed against their peers and the outcomes of these lawsuits. Read more >
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2019 PIMCO Defined Contribution Consulting Study
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Small Talk

ON THIS DATE: In 1838, the Iowa Territory was organized. In 1849, Lewis Haslett patented a gas mask. In 1897, Carl Elsener patented his penknife. The object later became known as the Swiss army knife. In 1918, the first airplane bombing raid by an American unit occurred on World War I’s Western Front in France. In 1939, the National Baseball Hall of Fame and Museum was dedicated in Cooperstown, New York. In 1948, Ben Hogan won his first U.S. Open golf classic. In 1963, civil rights leader Medgar Evers was fatally shot in front of his home in Jackson, Mississippi. In 1967, state laws which prohibited interracial marriages were ruled unconstitutional by the U.S. Supreme Court. In 1985, Wayne “The Great One” Gretsky was named winner of the NHL’s Hart Trophy. The award is given to the league’s Most Valuable Player. In 1987, President Ronald Reagan publicly challenged Mikhail Gorbachev to tear down the Berlin Wall. In 1991, the Chicago Bulls won their first NBA championship. The Bulls beat the Los Angeles Lakers four games to one. In 1997, the Treasury Department unveiled a new $50 bill meant to be more counterfeit-resistant. In 2009, in the U.S., the switch from analog TV transmission to digital was completed.

 

WEDNESDAY WISDOM: “Worry never robs tomorrow of its sorrow, it only saps today of its joy.”—Leo Buscaglia, American author and motivational speaker

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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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