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Insight on Plan Design & Investment Strategy Every Weekday
A Changed Perspective
A Changed Perspective
What sponsors should know to navigate the new safe harbor for annuities.
Next Steps for 403(b) Plan Sponsors
Now that plan documents will be cleaned up, 403(b) plan sponsors can focus on strategic tasks such as plan design changes and on complying with new legislation.
Most Read
EARN Act Clears Senate Finance Committee
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
State Bill Would Require Multiple 403(b) Providers
Market Mirror
Yesterday, the Dow fell 2,997.10 points (12.93%) to 20,188.52, the NASDAQ lost 970.28 points (12.32%) to finish at 6,904.59, and the S&P 500 closed 324.89 points (11.98%) lower at 2,386.13. The Russell 2000 took a 172.72-points (14.27%) dive to close at 1,037.41, and the Wilshire 5000 plunged 3,323.26 points (12.24%) to 23,818.59.

The price of the 10-year Treasury note increased 2 25/32, bringing its yield down to 0.748%. The price of the 30-year Treasury bond climbed 5 28/32, decreasing its yield to 1.334%.
BOK Financial Accused of Only Self-Interest When Selecting and Retaining 401(k) Plan Funds
Underlying investments in funds using BOK’s CIT structure, as well as the use of BOK’s proprietary money market fund, are called into question.
Union Plan Member’s Lawsuit Over Unfunded Benefit Liabilities Dismissed
The lawsuit was previously dismissed because the alleged breach of fiduciary duty involved the amendment of plan benefits, which is a settlor, not a fiduciary, function; a judge found the new claims are time-barred.
Helping non-TDF DC Plan Investors Diversify
DC plan sponsors have several items in their toolbox to help participants create a diversified portfolio that includes exposure to equities in line with their risk tolerance.
Small Talk
ON THIS DATE: In 461, Saint Patrick, Christian missionary, bishop and apostle of Ireland, died at Saul, Downpatrick, Ireland. In 1601, the first recorded parade honoring the Catholic feast day of St. Patrick, the patron saint of Ireland, was held in what is now St. Augustine, Florida. In 1756, St. Patrick’s Day was celebrated in New York City for the first time. The event took place at the Crown and Thistle Tavern. In 1766, Britain repealed the Stamp Act that had caused resentment in the North American colonies. In 1776, British forces evacuated Boston to Nova Scotia during the Revolutionary War. In 1870, Wellesley College was incorporated by the Massachusetts legislature under its first name, Wellesley Female Seminary. In 1930, construction began on the Empire State Building. In 1941, the National Gallery of Art was officially opened by President Franklin D. Roosevelt in Washington, D.C. In 1942, Douglas MacArthur became the Supreme Commander of the Allied forces in the Southwestern Pacific. In 1969, 70-year-old Golda Meir made history when she was elected as Israel’s first female prime minister. In 1973, the first American prisoners of war (POWs) were released from the “Hanoi Hilton” in Hanoi, North Vietnam. In 1992, White South Africans approved constitutional reforms to give legal equality to blacks. In 1999, the International Olympic Committee expelled six of its members in the wake of a bribery scandal.
TRIVIAL PURSUITS: What color are “black boxes” and why are they called “black boxes?”
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