Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 18th, 2019
Webcast Event
Why should participant distribution decisions matter to you?
Please join our live webcast on June 26th, when a panel will discuss: Newly released Financial Engines research on workers’ awareness about their distribution options when retiring or changing jobs; perspective on how distribution decisions can have a significant impact on both participants and plan sponsors; how plan sponsors can ensure they work with an advice provider that not only acts in participants’ best interests but is held to a higher legal fiduciary standard of care through all phases of a participant’s career—including help with retirement account and rollover decisions during employment changes.Read more >
Benefits & Administration
Balancing the Need and Desire to Work Past Retirement Age
What role are employers playing in helping participants retire?Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
IRS Proposes Update to Mortality Tables Used to Calculate RMDs
3
Employees Are Making Each Other Sick
4
Maximum Benefit and Contribution Limits Table 2020
5
Congressional Leaders Want SECURE Act Passage in 2019
Products, Deals and People
Principal Announces Additions to Leadership Teams From Wells Fargo
Joe Ready, current head of Wells Fargo Institutional Retirement & Trust, is taking a new role as head of Trust and chief fiduciary officer for Wells Fargo Wealth & Investment Management.Read more >
Market Mirror

Yesterday, the Dow increased 22.92 points (0.09%) to 26,112.53, the NASDAQ gained 48.37 points (0.62%) to finish at 7,845.02, and the S&P 500 was up 2.69 points (0.09%) at 2,889.67. The Russell 2000 climbed 10.25 points (0.67%) to 1,532.75, and the Wilshire 5000 closed 50.44 points (0.17%) higher at 29,735.20.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.086%. The price of the 30-year Treasury bond increased 25/32, bringing its yield down 2.573%.

Compliance
Rhode Island Moves Closer to Church Pension Transparency
Both chambers of the state assembly have passed legislation that would require religious organizations that manage pension plans to send regular updates on the financial health of the pensions to plan participants.Read more >
From the Magazine
Acting on ESG Principles
Socially responsible investment has evolved from exclusion into investing with a more holistic view of companies’ environmental, social and governance (ESG) behaviors. But there are conflicts between investing for social goals or sustainability and sponsors’ by-the-numbers fiduciary responsibilities under the Employee Retirement Income Security Act (ERISA). “In a retirement plan context, wanting to change the world is not a fiduciary consideration,” says Alex Bernhardt, U.S. responsible investment leader for Mercer Investments in Seattle. “But adding an ESG plan option because you think it’s financially competitive is a defensible decision.”Read more >
Small Talk

ON THIS DATE: In 1778, Britain evacuated Philadelphia during the U.S. Revolutionary War. In 1812, the War of 1812 began as the U.S. declared war against Great Britain. The conflict began over trade restrictions. In 1863, J.J. Richardson received a patent for the ratchet wrench. In 1873, Susan B. Anthony was fined $100 for attempting to vote for a president. In 1927, the U.S. Post Office offered a special 10-cent postage stamp for sale. The stamp was of Charles Lindbergh’s “Spirit of St. Louis.” In 1928, Amelia Earhart became the first woman to fly across the Atlantic Ocean as she completed a flight from Newfoundland to Wales. In 1942, the U.S. Navy commissioned its first black officer, Harvard University medical student Bernard Whitfield Robinson. In 1948, the United Nations Commission on Human Rights adopted its International Declaration of Human Rights. In 1979, in Vienna, President Jimmy Carter and Leonid Brezhnev signed the Strategic Arms Limitation Treaty (SALT) 2. In 1983, Dr. Sally Ride became the first American woman in space aboard the space shuttle Challenger.

 

No TRIVIAL PURSUITS this week.

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

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