Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 7th, 2019
Benefits & Administration
PSNC 2019: Defining Success in Your Workplace Retirement Plan
Recipients of the 2019 PLANSPONSOR Retirement Plan Sponsor of the Year award talk in detail about their award-winning plans—about what it takes to build and then maintain a top-level retirement plan. Read more >
PSNC 2019: A National Plan Sponsor Town Hall
Plan sponsors from across the U.S. shared their biggest challenges and successes during the opening session of the 2019 PLANSPONSOR National Conference in Washington, D.C. Read more >
Products, Deals and People
Hartford Funds Releases Multifactor Mutual Funds
The products are designed to meet the demand for multifactor strategies in retirement plans by offering investors access to investment approaches that Hartford Funds offers only through exchange-traded funds (ETFs). Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
2
Congressional Leaders Want SECURE Act Passage in 2019
3
New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans
4
IRS Releases 2019-2020 Priority Guidance Plan
5
DC Plans 3.0 Will Really be Tailored to Individual Situations
Economic Events

In the week ending June 1, the advance figure for seasonally adjusted initial claims for unemployment insurance was 218,000, unchanged from the previous week’s revised level, the Labor Department reported. The four-week moving average was 215,000, a decrease of 2,500 from the previous week’s revised average of 217,500.

 

The average interest rate for a 30-year fixed-rate mortgage is 3.82%, down from 3.99% one week ago, according to Freddie Mac. The average interest rate for a 30-year fixed-rate mortgage is 3.28%, down from 3.46%.

Market Mirror

Thursday, the Dow gained 181.09 points (0.71%) to finish at 25,720.66, the NASDAQ increased 40.08 points (0.53%) to 7,615.55, and the S&P 500 closed 17.34 points (0.61%) higher at 2,843.49. The Russell 2000 dipped 3.25 points (0.22%) to 1,503.54, and the Wilshire 5000 was up 148.63 points (0.51%) at 29,249.82.

 

The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.131%. The price of the 30-year Treasury bond decreased 2/32, bringing its yield up to 2.623%.

Compliance
PSNC 2019: Washington Update
Attorneys discuss provisions of the widely supported SECURE Act, plus hot topics in regulation. Read more >
Investing
PSNC 2019: What Comes Next With Retirement Income
The growing landscape of decumulation solutions includes in-plan insurance products, managed payout funds, managed accounts, out-of-plan annuity windows and more. Read more >
Small Talk

ON THIS DATE: In 1775, the United Colonies changed their name to the United States. In 1776, Richard Henry Lee of Virginia proposed to the Continental Congress a resolution calling for a Declaration of Independence. In 1903, Professor Pierre Curie revealed the discovery of Polonium. In 1929, the sovereign state of Vatican City came into existence as copies of the Lateran Treaty were exchanged in Rome. In 1932, more than 7,000 war veterans marched on Washington, D.C., demanding their bonuses. In 1965, the U.S. Gemini 4 mission was completed. The mission featured the first spacewalk by an American. In 1968, Legoland Billund opend in Billund, Denmark. It was the original Legoland park.

 

 

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

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