Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Past Performance of DC Plan Participants Is Not Indicative of Future Results
Past Performance of DC Plan Participants Is Not Indicative of Future Results
Important differences suggest that a look at DC plan participant actions during the Great Recession may not offer insight into what they’ll do during this crisis.
Embracing Radical Transparency in Benefits Communication
Helen Calvin, with Jellyvision, discusses how to create an open benefits communication strategy that results in more engaged employees.
Most Read
2022 Recordkeeping Survey
IRS Updates Life Expectancy Tables for Retirees
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
Economic Events
The Producer Price Index for final demand declined 1.3% in April, as prices for final demand goods dropped 3.3% and the index for final demand services moved down 0.2%, the Bureau of Labor Statistics reported. The final demand index fell 1.2% for the 12 months ended in April.
Market Mirror
Wednesday, the Dow lost 516.81 points (2.17%) to finish at 23,247.97, the NASDAQ was down 139.38 points (1.55%) at 8,863.17, and the S&P 500 decreased 50.12 points (1.75%) to 2,820.00. The Russell 2000 fell 42.29 points (3.32%) to 1,233.25, and the Wilshire 5000 closed 560.42 points (1.93%) lower at 28,467.41.

The price of the 10-year Treasury note was down 5/32, increasing its yield to 0.656%. The price of the 30-year Treasury bond was up 30/32, decreasing its yield to 1.345%.
Don’t Let Participants Be Surprised by Taxes on Emergency Distributions
State and local tax treatment of coronavirus-related distributions from retirement plans may be different from federal tax treatment.
New ERISA Excessive Fee Complaint Targets Aegis Fiduciaries
The plan in question in smaller than many that have been subject to excessive fee litigation, underscoring the trend that smaller plans are also potential targets for class action suits.
Data and Research
Finances Weigh on the Minds of the Majority of Americans
More than one-quarter are extremely or very concerned, according to Fidelity.
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 1804, one year after the United States doubled its territory with the Louisiana Purchase, the Lewis and Clark expedition left St. Louis, Missouri, on a mission to explore the Northwest from the Mississippi River to the Pacific Ocean. 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 Congress. In 1948, in Tel Aviv, Jewish Agency Chairman David Ben-Gurion proclaimed the State of Israel, establishing the first Jewish state in 2,000 years. Ben-Gurion became Israel’s first premier. In 1961, a bus carrying Freedom Riders was bombed and burned in Alabama. In 1973, Skylab, America’s first space station, was successfully launched into an orbit around the earth. 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, Frank Sinatra died of a heart attack in Los Angeles, at the age of 82.
SURVEY SAYS: The COVID-19 pandemic has created a mostly remote workforce in the U.S. Despite the relaxing of shelter-in-place orders and increase in safety measures, 64% of 2,000 U.S. employees surveyed by Citrix Systems say they would not feel comfortable returning to the office for one month or more. This week, I’d like to know, do you think some states are relaxing orders too soon, and when would you feel safe returning to the office to work? You may respond to this week’s survey by 6 p.m. Pacific time today.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850