Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 5th, 2019

Aging Global Population Requires a Retirement Rethink

As developed countries around the world, including the U.S., see the average age of their population increase, employers must prepare for an imbalanced workforce.Read more >
Benefits & Administration
Automation Helps Asset Managers’ DC Plans Outperform
While retirement plans offered to the employees of asset managers have benefited strongly from auto-enrollment, investment providers have not fully embraced other important best practices.Read more >
Industry Voices
Barry’s Pickings: The Future Will Be About Financial Wellness
There is more to life than saving for retirement, says Michael Barry, president of October Three (O3) Plan Advisory Services LLC, and he foresees a new model where financial wellness is implemented across a rich employee dataset exploiting the efficiency of artificial intelligence.Read more >
2021 DC Plan Benchmarking Survey
Working Past Age 65 May Seem Like a Great Idea …
2022 Retirement Industry Trends to Follow
2021 Recordkeeping Survey
IRS Announces 2022 Retirement Plan Contribution and Benefit Limits
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Learn how you can give your employees the 401(k) they deserve with a target date retirement series.Read more >
Economic Events

New orders for manufactured durable goods in April decreased $5.4 billion or 2.1% to $248.4 billion, the U.S. Census Bureau announced. This decrease, down two of the last three months, followed a 1.7% March increase. Excluding transportation, new orders were virtually unchanged. Excluding defense, new orders decreased 2.5%. Transportation equipment, also down two of the last three months, drove the decrease, $5.4 billion or 5.9% to $85.4 billion.

Market Mirror

Tuesday, the Dow increased 512.40 points (2.06%) to 25,332.18, the NASDAQ surged 194.10 points (2.65%) to 7,527.12, and the S&P 500 closed 58.82 points (2.14%) higher at 2,803.27. The Russell 2000 climbed 38.58 points (2.62%) to 1,508.56, and the Wilshire 5000 gained 646.29 points (2.29%) to finish at 28,904.96.

The price of the 10-year Treasury note was down 5/32, increasing its yield to 2.123%. The price of the 30-year Treasury bond decreased 1 27/32, bringing its yield up to 2.604%.

Ask the Experts
Rolling 403(b) Funds Back to a Prior 403(b)
“An employee left our charitable foundation to work for another. When she left, she took a distribution and rolled it over to the plan of the other foundation. However, after a few months, she decided that the new position was not for her, and, since we had not filled her position yet, we made her an offer to return, which she accepted. Can she roll the funds that she rolled over to her new employer’s 403(b) plan right back to our 403(b) plan?”Read more >
Products, Deals and People
Clear Disclosure Partners Offers Cybersecurity Program for Retirement Plans
Among other things, the Cybersecurity Risk Management Program, in consultation with the plan sponsor and fiduciaries, includes the development of a prudent process for cybersecurity management including policies and procedures and a cybersecurity manual.Read more >
Ubiquity Offers Financial Wellness Tool Catered to Small Businesses
CensiblyYours designates a 3(38) investment adviser to assist plan sponsors and offers participants access to the financial education platform Edukate.Read more >
DIETRICH Introduces DC Plan Annuity Practice
The firm is anticipating passage of the SECURE Act, which offers an annuity selection safe harbor for defined contribution (DC) plan sponsors.Read more >
Small Talk

ON THIS DATE: In 1752, Benjamin Franklin flew a kite for the first time to demonstrate that lightning was a form of electricity. In 1851, Harriet Beecher Stow published the first installment of “Uncle Tom’s Cabin” in “The National Era.” In 1924, Ernst F. W. Alexanderson transmitted the first facsimile message across the Atlantic Ocean. In 1933, President Franklin Roosevelt signed the bill that took the U.S. off of the gold standard. In 1947, U.S. Secretary of State George C. Marshall gave a speech at Harvard University in which he outlined the Marshall Plan. In 1981, the Center for Disease Control and Prevention reported that five men in Los Angeles were suffering from a rare pneumonia found in patients with weakened immune systems. They were the first recognized cases of what later became known as AIDS. In 1998, Volkswagen AG won approval to buy Rolls-Royce Motor Cars for $700 million. In 2004, the U.S.S. Jimmy Carter was christened in the U.S. Navy in Groton, Connecticut.


WEDNESDAY WISDOM: “There cannot be a crisis next week. My schedule is already full.”—Henry Kissinger, U.S. Secretary of State and National Security Advisor under the presidential administrations of Richard Nixon and Gerald Ford

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Editorial: Alison Cooke Mintzer


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