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How Democratic Candidates’ Retirement Proposals Could Affect Employer-Sponsored Plans
How Democratic Candidates’ Retirement Proposals Could Affect Employer-Sponsored Plans
A national automatic savings plan would be a strong possibility, multiemployer plan sponsors could end up in a worse crisis and nonqualified plans would face a big disruption.
Coronavirus Creates Perfect Storm for DB Plan Funded Status Drop in February
What happened to interest rates is just as important as what happened to equity markets, and DB plan sponsors should implement portfolios that manage both.
Most Read
2022 Plan Sponsor of the Year
2021 Recordkeeping Survey
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
2022 Best in Class 401(k) Plans
Ask the Experts
Does SECURE Act’s Inclusion of Part-Time Employees Provision Apply to 403(b)s?
“We sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan and recently read about the new SECURE Act rules for long-service, part-time employees. Will they apply to our plan?
Market Mirror
Tuesday, the Dow surged higher 1,167.14 points (4.89%) to 25,018.16, the NASDAQ gained 393.58 points (4.95%) to finish at 8,344.25, and the S&P 500 closed 135.67 points (4.94%) higher at 2,882.23. The Russell 2000 increased 37.46 points (2.85%) to 1,350.90, and the Wilshire 5000 climbed 1,313.22 points (4.73%) to 29,088.20.

The price of the 10-year Treasury note decreased 2 2/32, bringing its yield up to 0.795%. The price of the 30-year Treasury bond fell 7 30/32, increasing its yield to 1.299%.
Senator Murray Says ‘INFORM Act’ Will Protect Lump-Sum Recipients
A new bill in the U.S. Senate would require pension plan sponsors to provide plan participants and retirees with certain ‘critical information’ when offering lump-sum buyouts.
Data and Research
Lasting Volatility Faces Retirement Investors
“If you miss even a handful of big rebound days, you will really damage your long-term returns,” warns Katherine Roy, J.P. Morgan chief retirement strategist.
Small Talk
ON THIS DATE: In 1824, the U.S. War Department created the Bureau of Indian Affairs. Seneca Indian Ely Parker became the first Indian to lead the Bureau. In 1861, a Confederate Convention was held in Montgomery, Alabama, where a new constitution was adopted. In 1865, Union General William Sherman and his forces occupied Fayetteville, North Carolina. In 1882, the Intercollegiate Lacrosse Association was formed in Princeton, New Jersey. In 1888, one of the worst blizzards in American history struck the Northeast, killing more than 400 people and dumping as much as 55 inches of snow in some areas. In 1901, U.S. Steel was formed when industrialist J.P. Morgan purchased Carnegie Steel Corp. In 1930, Babe Ruth signed a two-year contract with the New York Yankees for the sum of $80,000. In 1930, President Howard Taft became the first U.S. president to be buried in the National Cemetery in Arlington, Virginia. In 1941, President Franklin D. Roosevelt signed the Lend-Lease Act, which authorized the provision of war supplies to the Allies. In 1964, Senator Carl Hayden broke the record for continuous service in the U.S. Senate. He had worked 37 years and seven days. In 1969, Levi-Strauss started selling bell-bottomed jeans. In 1993, Janet Reno was unanimously confirmed by the Senate to become the first female attorney general. In 2002, two columns of light were pointed skyward from ground zero in New York City as a temporary memorial to the victims of the terrorist attacks of September 11, 2001.
WEDNESDAY WISDOM: “The less you talk, the more you’re listened to.”—Pauline Phillips, also known as Abigail Van Buren, who began the Dear Abby newspaper column
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