Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 15th, 2019
Benefits & Administration
Retirement Plan Considerations in Mergers and Acquisitions
The complexity of retirement plan laws and the volume of plan assets demand that more attention be given to retirement plans in company mergers and acquisitions, says Richard P. McHugh, an attorney with Porter Wright Morris & Arthur LLP. Read more >
Communicating Retirement Benefits to Five Generations of Workers
The University of Pittsburgh has found stories from peers resonate well with every employee group. Read more >
The Majority of Retirees Spend Below Their Income
The Employee Benefit Research Institute (EBRI) dives into the spending patterns of older Americans and reveals what could make them outspend their income. Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
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Congressional Leaders Want SECURE Act Passage in 2019
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New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans
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IRS Releases 2019-2020 Priority Guidance Plan
5
DC Plans 3.0 Will Really be Tailored to Individual Situations
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Learn how you can give your employees the 401(k) they deserve with a target date retirement series. Read more >
Products, Deals and People
ERISApedia Introduces 457 Plan eSource
“This title lays out the benefits of 457(b) plans and their pitfalls, and provides a convenient tool to research questions that will arise in plan design or administration,” say author S. Derrin Watson, J.D. Read more >
Market Mirror

Tuesday, the Dow gained 207.06 points (0.82%) to finish at 25,532.05, the NASDAQ closed 87.47 points (1.14%) higher at 7,734.49, and the S&P 500 increased 22.54 points (0.805) to 2,834.41. The Russell 2000 was up 20.06 points (1.32%) at 1,543.06, and the Wilshire 5000 climbed 258.48 points (0.89%) to 29,299.88.

 

The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.416%. The price of the 30-year Treasury bond decreased 8/32, bringing its yield up to 2.851%.

Compliance
Retirement Industry Witnesses Press Senators for Action on RESA
On the same day as the introduction of the new Retirement Security and Savings Act, the Senate Finance Committee heard from retirement industry witnesses about the need to pass numerous federal retirement reforms. Read more >
Ask the Experts
What Is an Equity Indexed Annuity?
“I recently found out that the 403(b) plan our firm sponsors contains something called an ‘equity indexed annuity.’ Can you explain to me exactly what that is, as I have never heard of the term before?” Read more >
Investing
Institutional Plan Returns Rebound in Q1 2019
According to Northern Trust, Corporate Employee Retirement Income Security Act (ERISA) pension plans had the best first quarter on a relative basis, while the Wilshire Trust Universe Comparison Service shows Taft Hartley defined benefit (DB) plans, which had the largest allocation to U.S. equities, posted the highest Q1 gain. Read more >
Small Talk
Every year, the Social Security Administration (SSA) is the authority on the most popular baby names from the prior year based on requests for Social Security numbers for newborns. The agency revealed the top name for boys in 2018 was Liam, and the top name for girls was Emma. Coming in at number 10 are Logan and Evelyn, dropping down five spots and one spot in comparison to the 2017 list, respectively. At number nine, Mason dropped from its number seven spot in 2017, and this is Harper’s highest spot on the list so far. The list shows how pop culture affects naming trends year to year. Read more >

ON THIS DATE: In 1862, Congress created the U.S. Department of Agriculture. In 1911, the U.S. Supreme Court ordered the dissolution of Standard Oil Company, ruling it was in violation of the Sherman Antitrust Act. In 1926, the New York Rangers were officially granted a franchise in the National Hockey League (NHL). The NHL also announced that Chicago and Detroit would be joining the league that November. In 1930, Ellen Church became the first female flight attendant. In 1970, President Richard Nixon appointed America’s first two female generals. In 1980, the first transcontinental balloon crossing of the United States took place. In 2014, the National September 11 Memorial Museum was dedicated in New York City.

 

 

WEDNESDAY WISDOM: “If evolution really works, how come mothers only have two hands?”—Milton Berle, comedian and actor

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

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