Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO June 17th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Parties in Dignity Health Lawsuit Still Have Work to Do on Settlement
A federal judge said he cannot find that the interests of one subgroup of class members in the case have been adequately protected.
Ask the Experts
Options for Terminated Employees With Outstanding Loans
“I am switching between employers that both sponsor 403(b) plans. However, I have an outstanding loan and need to repay it in its entirety or the outstanding loan balance will be 2020 taxable income for me. Because of the COVID-19 pandemic, I do not have the means to pay off the loan. Is there any guidance that the Experts can offer?”
Most Read

2020 Defined Benefit Administration Survey
Ask the Experts
Clarification of Loan Repayment Delay Provisions of CARES Act
Compliance
Use of Fidelity Active Management Funds Questioned in Court
Economic Events
The combined value of distributive trade sales and manufacturers’ shipments for April, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,184.8 billion, down 14.4% from March and down 18.4% from April 2019, the Census Bureau reported.

Advance estimates of U.S. retail and food services sales for May, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $485.5 billion, an increase of 17.7% from the previous month, but 6.1% below May 2019. Total sales for the March through May period were down 10.5% from the same period a year ago. Retail trade sales were up 16.8% from April, but 1.4% below last year. Nonstore retailers were up 30.8% from May 2019, while building material and garden equipment and supplies dealers were up 16.4% from last year.
Market Mirror
Tuesday, the Dow gained 526.82 points (2.04%) to finish at 26,289.98, the NASDAQ closed 169.84 points (1.75%) higher at 9,895.87, and the S&P 500 increased 58.15 points (1.90%) to 3,124.74. The Russell 2000 was up 32.65 points (2.30%) at 1,452.26, and the Wilshire 5000 climbed 583.18 points (1.86%) to 31,872.01.

The price of the 10-year Treasury note decreased 23/32, bringing its yield up to 0.745%. The price of the 30-year Treasury bond fell 1 6/32, increasing its yield to 1.530%.
Data and Research
HSA Misconceptions Remain Stubbornly Common
Survey results reveal an opportunity for education about how to maximize the benefits of a health savings account (HSA), as most employees are not using one for retirement savings.
Group Says Data From Central States Pension Fund Shows Urgent Need for Legislation
Teamsters for a Democratic Union (TDU) is calling for more pressure for the Senate to pass the latest relief package which includes ‘special partition relief’ for multiemployer pension plans.
Products
ConnectYourCare Offers COBRA Guidebook for Employers
A new book, ‘COBRA Administration for Dummies,’ offers both simplified explanations and detailed descriptions for a number of COBRA topics.
Small Talk
ON THIS DATE: In 1856, the Republican Party opened its first national convention in Philadelphia. In 1885, the dismantled Statue of Liberty, a gift of friendship from the people of France to the people of America, arrived in New York Harbor. In 1941, WNBT-TV in New York City was granted the first construction permit to operate a commercial TV station in the U.S. In 1942, “Yank,” a weekly magazine for the U.S. armed services, began publication. The term “G.I. Joe” was first used in a comic strip by Dave Breger. In 1950, Dr. Richard H. Lawler performed the first kidney transplant in a 45-minute operation in Chicago. In 2015, a mass shooter took the lives of nine African American people at a Bible study at Emanuel African Methodist Episcopal Church in Charleston, South Carolina.
WEDNESDAY WISDOM: “A father carries pictures where his money used to be.”—Steve Martin, actor/comedian
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2020 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850