Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 1st, 2019
Benefits & Administration
How and Why to Simplify DC Plan Investment Menus
Speakers at the 2019 Plan Sponsor Council of America Annual Conference offered suggestions for simplifying defined contribution (DC) plan investment menus and suggested doing so could increase plan participation. Read more >
Health Care Costs a Top Retirement Concern
However, those who have a health savings account (HSA) are more certain about how they will cover future health care costs. Read more >
Investing
Providers Look to End the ESG Performance Debate
According to Mike Hunstad at Northern Trust Asset Management, it may take some time for the retirement industry in the U.S. to fully embrace ESG as a positive-performance factor, but he says it’s already a best practice to think about ESG from a risk-management perspective. 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

The Conference Board Consumer Confidence Index improved in April, after decreasing in March. The Index now stands at 129.2 (1985=100), up from 124.2 in March. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased, from 163.0 to 168.3. The Expectations Index—based on consumers’ short-term outlook for income, business and labor market conditions—increased from 98.3 last month to 103.0 this month.

Market Mirror

Tuesday, the Dow was up 38.52 points (0.15%) at 26,592.91, the NASDAQ decreased 54.09 points (0.66%) to 8,107.77, and the S&P 500 closed 2.80 points (0.10%) higher at 2,945.83. The Russell 2000 fell 7.15 points (0.45%) to finish at 1,591.21, and the Wilshire 5000 dropped 5.47 points (0.02%) to 30,410.09.

 

The price of the 10-year Treasury note was up 6/32, decreasing its yield to 2.503%. The price of the 30-year Treasury bond increased 15/32, bringing its yield down to 2.933%.

Ask the Experts
Grandfathered Life Insurance Contracts in 403(b) Plans
“I work for an Employee Retirement Income Security Act (ERISA) 403(b) plan sponsor. In a review of some frozen contracts to which contributions are no longer made, I discovered what appear to be some life insurance contracts. I am confused—I thought life insurance was no longer permitted in 403(b) plans! Is there some grandfathering of old contracts about which I should be aware?” Read more >
Small Talk

ON THIS DATE: In 1867, reconstruction in the South began with black voter registration. In 1877, President Rutherford B. Hayes withdrew all Federal troops from the South, ending Reconstruction. In 1931, the Empire State Building in New York was dedicated and opened. In 1948, The People’s Democratic Republic of Korea (North Korea) was proclaimed. In 1950, Gwendolyn Brooks became the first African American to win the Pulitzer Prize for her book of poetry called Annie Allen. In 1971, the National Railroad Passenger Corp. (Amtrak) went into service. It was established by Congress to run the nation’s intercity railroads. In 1986, Bill Elliott set a stock car speed record with his Ford Thunderbird in Talladega, AL. Elliott reached a speed of 212.229 mph. In 1989, Disney-MGM Studios opened. In 2011, President Barack Obama announced that U.S. soldiers had killed Osama bin Laden in Pakistan.

 

 

WEDNESDAY WISDOM: “It is not how old you are, but how you are old.”—Jules Renard, French author

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

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