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PLANSPONSOR NEWSDASH LOGO March 30th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
CARES Act Passes Congress, Including Retirement Plan Relief
Plan sponsors who have faced regional natural disasters will be familiar with many of the relief provisions adopted by Congress, from the suspension of required minimum distributions to the doubling of loan limits.
2020 PLANSPONSOR National Conference
2020 PSNC Rescheduled
In light of the current situation and predictions for the spread of the virus—not to mention the latest counsel on gatherings from the Centers for Disease Control (CDC) and World Health Organization (WHO) —PLANSPONSOR has decided to reschedule the 2020 PLANSPONSOR National Conference. We have moved it to September 24 through 26 and relocated it to the JW Marriott Orlando, Grande Lakes, adjacent to the Ritz-Carlton Orlando, Grande Lakes on the same property. All Ritz-Carlton reservation-holders will receive an email from the hotel that your existing reservation has been cancelled (no cancellation fees will be incurred). You may register for the conference, if not already registered, and reserve a room for the new dates at the JW Marriott on our website.
Most Read

2020 Recordkeeping Survey
Data and Research
Edward Jones and Age Wave Introduce the New Four Pillars of Retirement
Compliance
Parties in Emory University 403(b) Plan Lawsuit File Settlement Agreement
SPONSORED BY: Fidelity
The Benefits Balancing Act
Offering more benefits typically leads to recruitment success, but it’s not as simple when it comes to retention.
Deals and People
Retirement Industry People Moves
Cohen & Buckmann adds counsel to Employee Benefits & ERISA practice; Penn Mutual hires portfolio managers for balanced income strategy; and retirement services leader of Millennium Trust retires.
Economic Events
Tomorrow, the Conference Board will release its Consumer Confidence Index for March. Wednesday, the Census Bureau will report about construction spending in February. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about factory orders for February. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for March.
Market Mirror
Friday, the Dow lost 915.39 points (4.06%) to finish at 21,636.78, the NASDAQ closed 295.16 points (3.79%) lower at 7,502.38, and the S&P 500 decreased 88.60 points (3.37%) to 2,541.47. The Russell 2000 was down 48.33 points (4.09%) at 1,131.99, and the Wilshire 5000 fell 885.01 points (3.35%) to 25,500.40.

The price of the 10-year Treasury note increased 1 6/32, bringing its yield down to 0.688%. The price of the 30-year Treasury bond climbed 4 29/32, decreasing its yield to 1.260%.

For the week ending March 27, the Dow gained 12.84%, the NASDAQ was up 9.05%, and the S&P 500 increased 10.26%. The Russell 2000 gained 11.63%, and the Wilshire 5000 finished 10.48% higher.
Compliance
Lawsuit Over Asset-Based Fees for Nationwide’s Retirement Plan Program Dismissed
The parties say they have reached a confidential settlement resolving all claims.
Investing
Data Shows Majority of Investors Staying Calm Amid Volatility
Vanguard found its clients with only a defined contribution (DC) retirement plan relationship exhibited the lowest levels of trading.
Small Talk
ON THIS DATE: In 1822, Florida became a U.S. territory. In 1842, Dr. Crawford W. Long performed the first operation while his patient was anesthetized by ether. In 1858, Hyman L. Lipman of Philadelphia patented the pencil. In 1867, the U.S. purchased Alaska from Russia for $7.2 million dollars. In 1870, the 15th amendment, guaranteeing the right to vote regardless of race, was passed by Congress. In 1870, Texas was readmitted to the Union. In 1909, the Queensboro bridge in New York opened linking Manhattan and Queens. It was the first double decker bridge. In 1939, the comic book “Detective Comics #27”, which introduced Batman, appeared on newsstands. In 1964, “Jeopardy” debuted on NBC-TV. In 1981, President Ronald Reagan was shot and wounded in Washington, D.C., by John W. Hinckley Jr. Two police officers and Press Secretary James Brady were also wounded.
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