Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 26th, 2019
Benefits & Administration
Gig Workers Feel Just as Prepared for Retirement as Traditional Workers
The majority of independent workers say they are much more or somewhat more involved in their finances as a result of working independently, a T. Rowe Price survey found.Read more >
2019 Plan Sponsor of the Year Honorees
Two plan sponsors have been selected this year as honorees.Read more >
Products, Deals and People
Bank of America Adds 3(38) Investment Management Offering
The new offering will have three menus—core menu, core plus and expanded menu—and depending on the demographics and investment acumen of participants, plan sponsors can choose the best fit.Read more >
Calculator Quantifies the Cost of Keeping Small Balances in Retirement Plans
A new calculator from Millennium Trust, the Automatic Rollover Savings Calculator, allows plan sponsors to see their potential cost savings by automatically rolling over participant account balances of up to $5,000 into an individual retirement account (IRA).Read more >
2021 Best in Class DC Providers
2021 Recordkeeping Survey
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
Detailed Analysis of the Supreme Court’s Northwestern University Ruling
Market Mirror

Yesterday, the Dow was up 14.51 points (0.06%) at 25,516.83, the NASDAQ was down 5.13 points (0.07%) at 7,637.54, and the S&P 500 decreased 2.35 points (0.08%) to 2,798.36. The Russell 2000 increased 6.94 points (0.46%) to 1,512.86, and the Wilshire 5000 was down 18.08 points (0.06%) at 28,891.47.


The price of the 10-year Treasury note increased 9/32, bringing its yield down to 2.409%. The price of the 30-year Treasury bond was up 3/32, decreasing its yield to 2.869%.
IRS Updates Mortality Tables for DB Plans
The updated mortality improvement rates and static tables apply for purposes of calculating a defined benefit (DB) plan’s funding target and other items for valuation dates occurring during the 2020 calendar year.Read more >
Stay Motion Signals End of Eaton Vance ERISA Challenge
A motion filed in the U.S. District Court for the District of Massachusetts could bring to a close a class action Employee Retirement Income Security Act (ERISA) self-dealing lawsuit filed by participants in an Eaton Vance retirement plan. The joint motion requests the judge in the case stay further proceedings because lead plaintiff Shannon Price, individually and on behalf of the class and the plan, has agreed to a proposed settlement, as have defendants Eaton Vance Corporation, Eaton Vance Management, the Eaton Vance Investment Committee, and some 30 individual defendants. The text of the lawsuit alleges that Eaton Vance “used the entire plan as a test laboratory and vehicle for self-gain.”Read more >
Small Talk
ON THIS DATE: In 1804, Congress ordered the removal of Indians east of the Mississippi to Louisiana. In 1804, the Louisiana Purchase was divided into the District of Louisiana and the Territory of Orleans. In 1885, Eastman Kodak (Eastman Dry Plate and Film Co.) produced the first commercial motion picture film in Rochester, New York. In 1942, Germany began sending Jews to Auschwitz in Poland. In 1945, the battle of Iwo Jima ended. In 1945, in the Aleutians, the battle of Komandorski began when the Japanese attempted to reinforce a garrison at Kiska and were intercepted by a U.S. naval force. In 1951, the U.S. Air Force flag was approved. The flag included the coat of arms, 13 white stars and the Air Force seal on a blue background. In 1953, Dr. Jonas Salk announced a new vaccine that would prevent poliomyelitis. In 1972, the Los Angeles Lakers broke a National Basketball Association (NBA) record by winning 69 of their 82 games. In 1982, ground breaking ceremonies were held in Washington, D.C., for the Vietnam Veterans Memorial. In 2007, the design for the “Forever Stamp” was unveiled by the U.S. Postal Service.
TRIVIAL PURSUITS: From where did doughnuts come?Read more >
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Editorial: Alison Cooke Mintzer


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