Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 18th, 2017
PLANSPONSOR National Conference
PLANSPONSOR National Conference Offers Education and Fun
By now you have heard the best conference in the industry is hosted in Washington, D.C.—the PLANSPONSOR National Conference! Aside from a powerful, information-packed agenda, we have incorporated … FUN! On night one you’ll take a quick trip to Italy! Stroll the exhibits and swing by our authentic Italian wine bar to sample wines from the many different regions of Italy. On day two, NYC yoga and meditation instructor, Allison Joy Phillips, will host Sunrise Yoga at 6:45am. On night two, break out your Hawaiian shirts, don your grass skirts, and join our mini tropical getaway in the exhibit hall! Learn more about the conference, including how to register. Read more >
MOST READ ARTICLES
1
House Committee Advances Bill to Establish Union Pension Lifeline Program
2
The Senate Math That Could Block SECURE Act
3
Adidas Sued Over Excessive Fees for 401(k) Participants
4
Open MEPs Not for Every Plan Sponsor
5
(b)lines Ask the Experts – Proper Delivery Method for SPDs
Benefits & Administration
People Rely on Retirement Accounts, Home Equity for Retirement Income
One-half of all of all families that have retirement account assets plus home equity rely on these for more than 78.2% of their retirement savings outside Social Security. Read more >
Industry Voices
A Forgotten Part of Participant Financial Wellness: Loan Defaults
Loan defaults are a preventable form of plan leakage, and stopping them can improve retirement plan participants’ financial wellness. Read more >
Products, Deals and People
Following a Department of Labor (DOL) lawsuit, First Bankers Trust’s Board of Directors decided to suspend the engagement of its services for transactions related to new employee stock ownership plans (ESOPs). Read more >
Sponsored message from Conning
Breaking the Pension Funding Stalemate
LDI strategies may help sponsors overcome low yields, downside risk, indecision to help improve plan funding status. Read more >
Market Mirror

Wednesday, the Dow decreased 372.82 points (1.78%) to 20,606.93, the NASDAQ lost 158.63 points (2.57%) to finish at 6,011.24, and the S&P 500 was down 43.64 points (1.82%) at 2,357.03. The Russell 2000 fell 38.80 points (2.78%) to 1,355.88, and the Wilshire 5000 closed 467.28 points (1.87%) lower at 24,498.22.

The price of the 10-year Treasury note increased 31/32, bringing its yield down to 2.220%. The price of the 30-year Treasury bond climbed 1 25/32, decreasing its yield to 2.903%.

Compliance
A new bill introduced by Senate Democrats would reestablish an Employee Retirement Income Security Act (ERISA) safe harbor for state- and city-run retirement plans for the private sector—and in a roundabout way the measure is likely to succeed. Read more >
Multiemployer Plan Member Has No Claim Against Rehabilitation Amendment
WestRock RKT Company claims that the amendment violates ERISA because “critical status [multiemployer plans] with valid rehabilitation plans may not unilaterally impose on employers contribution requirements necessary to avoid an [accumulated funding deficiency].” Read more >
Guaranteed Investment Contracts Called Out In Principal Lawsuit
Participants in plans that purchased guaranteed investment contracts from the Principal say the arrangement has led to prohibited transactions under ERISA. Read more >
Small Talk

ON THIS DATE: In 1798, the first Secretary of the U.S. Navy, Benjamin Stoddert, was appointed. In 1896, the U.S. Supreme court upheld the “separate but equal” policy in the Plessy vs. Ferguson decision. The ruling was overturned 58 years later with Brown vs. Board of Education. In 1917, Congress passed the Selective Service act, which called up soldiers to fight in World War I. In 1934, Congress approved an act, known as the “Lindberg Act,” that called for the death penalty in interstate kidnapping cases. In 1951, the United Nations moved its headquarters to New York City. In 1953, the first woman to fly faster than the speed of sound, Jacqueline Cochran, piloted an F-86 Sabrejet over California at an average speed of 652.337 miles-per-hour. In 1980, Mt. Saint Helens erupted in Washington State. Fifty-seven people were killed and $3 billion in damage was done. In 1983, the Senate revised immigration laws and gave millions of illegal aliens legal status under an amnesty program. In 2012, Facebook Inc. held its initial public offering and began trading on the NASDAQ. The company was valued at $104 billion making it the largest valuation to date for a newly listed public company.

SURVEY SAYS: This week, I’d like to know, what live events do you use to keep up to date in the industry? The survey results may be included in a future issue of PLANSPONSOR magazine, so please respond. You may respond to the survey by 6 p.m. Pacific time today. Read more >
Share the news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy. Read more >

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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