Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 14th, 2019
PLANSPONSOR National Conference
If you work at Southwest Airlines, winner of the 2019 Plan Sponsor of the Year – Total Retirement Offering award, “Warrior Spirit, Servant’s Heart, and Fun-LUVing Attitude” are familiar to you. The culture of the company and the culture of the plan are one in the same, leading to a successful retirement program with a median participant retirement income score of more than 100%! Come to the 2019 PLANSPONSOR National Conference to hear a conversation about how Southwest and its recordkeeper partner have worked together to achieve high success metrics—and happy plan participants. We look forward to seeing you there! Read more >
Products, Deals and People
Principal IMPACT Platform Designed for Small Plans
The firm says it offers features often reserved for large plans, such as fiduciary support and interactive, digital tools. 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
Social Security Administration Announced COLA for 2020
4
New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans
5
IRS Releases 2019-2020 Priority Guidance Plan
Compliance
Amended Complaint Coming in Neuberger Berman ERISA Suit
The judge determined that the plaintiffs’ allegations sufficiently suggest the prospect that a fiduciary breach occurred, and as a result they have been given leave to amend their complaint. Read more >
Minor Changes to PBGC Reportable Events Instructions Approved
The Office of Management and Budget (OMB) has approved that all reportable events filings include controlled group information, company financial statements, and the defined benefit (DB) plan’s actuarial valuation report. Read more >
Market Mirror

Yesterday, the Dow fell 617.38 points (2.38%) to finish at 25,324.99, the NASDAQ lost 269.92 points (3.41%) to finish at 7,647.02, and the S&P 500 closed 69.53 points (2.41%) lower at 2,811.87. The Russell 2000 shed 49.99 points (3.18%) to finish at 1,523.00, and the Wilshire 5000 plummeted 760.93 points (2.55%) to 29,040.67.

 

The price of the 10-year Treasury note increased 17/32, bringing its yield down to 2.407%. The price of the 30-year Treasury bond climbed 32/32, decreasing its yield to 2.838%.

Industry Voices
A New Playbook for Employer-to-Employee Financial Guidance
Jellyvision’s Bob Armour discusses how to make finance-related benefits guidance a part of a plan sponsor’s financial wellness platform. Read more >
Investing
401(k) Participant Trades Favor Fixed Income in April
For more than one year, 401(k) investors have been moving to safer investments, according to the Alight Solutions 401(k) Index. Read more >
Small Talk

ON THIS DATE: In 1787, delegates began gathering in Philadelphia for a convention to draw up the U.S. Constitution. In 1796, the first smallpox vaccination was given by Edward Jenner. In 1897, “The Stars and Stripes Forever” by John Phillip Sousa was performed for the first time at a ceremony where a statue of George Washington was unveiled. In 1913, the Rockefeller Foundation was created by John D. Rockefeller with a gift of $100,000,000. In 1942, the Women’s Auxiliary Army Corps (WAAC) was established by an act of the U.S. Congress. In 1961, a bus carrying Freedom Riders was bombed and burned in Alabama. In 1980, President Jimmy Carter inaugurated the Department of Health and Human Services. In 1985, Ray Kroc’s first McDonald’s restaurant became the first fast-food business museum. It is located in Des Plaines, Illinois. In 1998, the final episode of the TV series “Seinfeld” aired after nine years on NBC.

TRIVIAL PURSUITS: How many “friends” does the average Facebook user have? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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