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PLANSPONSOR NEWSDASH LOGO May 12th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Opinions
COVID-19 Compliance Corner: Who Qualifies for Coronavirus-Related Distributions?
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement plan sponsors.
ERISA Examination
Revised Rules For RMDs
Sponsors have a new reason to find missing participants.
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: Pacific Life
When Choosing to Receive Lifetime Income, Women Win at Work
The new SECURE Act makes it easier for employers to offer lifetime income through their defined contribution plans. This is good for everyone but offers particular advantages for women as explained here.
Data and Research
DB Funded Status Estimates Are Mixed in April
Sources say volatility will continue for pensions, and risk remains in equity markets.
Market Mirror
Yesterday, the Dow closed 109.33 points (0.45%) lower at 24,221.99, the NASDAQ gained 71.02 points (0.78%) to finish at 9,192.34, and the S&P 500 was virtually unchanged at 2,930.19. The Russell 2000 decreased 8.40 points (0.63%) to 1,321.24, and the Wilshire 5000 was down 2.77 points (0.01%) at 29,667.91.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 0.711%. The price of the 30-year Treasury bond decreased 1 1/32, bringing its yield up to 1.424%.
Compliance
Second ERISA Lawsuit Targets ADP Multiple Employer Plan
The second suit, filed on behalf of participants rather than plan sponsors, largely mirrors the first in its allegations of prohibited transactions, excessive fees and other fiduciary breaches
Participants
401(k) Trading Slowed in April
There were more days when 401(k) participants moved into equities than fixed income.
Small Talk
ON THIS DATE: In 1847, William Clayton invented the odometer. In 1950, the American Bowling Congress abolished its white males-only membership restriction after 34 years. In 1978, the National Oceanic and Atmospheric Administration announced that they would no longer exclusively name hurricanes after women.
TRIVIAL PURSUITS: What message was on the first American penny?
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