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PLANSPONSOR NEWSDASH LOGO May 20th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Advancing DC Plan Design
Advancing DC Plan Design
Many features are working to help DC plan participants grow their savings, so it’s time to look at investments for the next element of design evolution.
Ask the Experts
Does e-Disclosure Rule Allow for Postcard Notification of Links?
“The Experts previously stated that the use of a letter/postcard with a website link to an SPD or other ERISA-required disclosure would fall outside of the DOL’s safe harbor for electronic disclosure. Does the DOL’s issuance of a proposed rule regarding electronic disclosures change that response in any way?”
Most Read
Compliance
Recent Acts Will Require Plan Amendments
Products
Nationwide to Waive Fees for New Retirement Plan Clients in 2020

2020 Recordkeeping Survey
SPONSORED BY: Mercer
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Economic Events
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 891,000. This is 30.2% below the revised March estimate of 1,276,000 and is 29.7% below the April 2019 rate of 1,267,000, the Census Bureau reported. Single-family housing starts in April were at a rate of 650,000; this is 25.4% below the revised March figure of 871,000. The April rate for units in buildings with five units or more was 234,000.
Market Mirror
Tuesday, the Dow fell 390.51 points (1.59%) to 24,206.86, the NASDAQ closed 49.72 points (0.54%) lower at 9,185.10, and the S&P 500 decreased 30.97 points (1.05%) to 2,922.94. The Russell 2000 was down 25.97 points (1.95%) at 1,307.72, and the Wilshire 5000 lost 300.41 points (1.00%) to finish at 29,599.66.

The price of the 10-year Treasury note was up 3/32, decreasing its yield to 0.695%. The price of the 30-year Treasury bond increased 5/32, bringing its yield down to 1.421%.
Compliance
Share Class Issues Cited in ManTech ERISA Lawsuit
The new complaint closely resembles others that have been filed by the Capozzi Adler P.C. law firm.
Plan Profile
A Digital Transformation
This plan sponsor turns up the volume on engagement.
Investing
Like U.S. Corporations, U.S. Nonprofits Remain Shy About ESG Investing
Even in very mission-driven organizations, there is enough diversity of opinion to make consensus on how to define environmental and social responsibility quite difficult.
Small Talk
ON THIS DATE: In 1506, the Italian explorer Christopher Columbus died in Valladolid, Spain. In 1774, Britain’s Parliament passed the Coercive Acts to punish the American colonists for their increasingly anti-British behavior. In 1775, North Carolina became the first colony to declare its independence. In 1830, the fountain pen was patented by H.D. Hyde. In 1861, North Carolina became the eleventh state to secede from the Union. In 1861, during the American Civil War, the capital of the Confederacy was moved from Montgomery, Alabama, to Richmond, Virginia. In 1873, San Francisco businessman Levi Strauss and Reno, Nevada, tailor Jacob Davis were given a patent for blue jeans. In 1875, the International Bureau of Weights and Measures was established. In 1926, Congress passed the Air Commerce Act. The act gave the Department of Commerce the right to license pilots and planes. In 1927, Charles Lindbergh took off from New York to cross the Atlantic for Paris aboard his airplane the “Spirit of St. Louis.” The trip took 33 1/2 hours. In 1932, Amelia Earhart took off to fly solo across the Atlantic Ocean. She became the first woman to achieve the feat. In 1939, the first regular air-passenger service across the Atlantic Ocean began with the take-off of the “Yankee Clipper” from Port Washington, New York. In 1969, after 10 days and 10 bloody assaults, Hill 937, dubbed “Hamburger Hill”, in South Vietnam was finally captured by U.S. and South Vietnamese troops. In 1978, Mavis Hutchinson, at age 53, became the first woman to run across America. It took Hutchinson 69 days to run the 3,000 miles. In 1980, the submarine Nautilus was designated as a National Historic Landmark by the U.S. Secretary of the Interior. In 1996, the U.S. Supreme Court struck down a Colorado measure banning laws that would protect homosexuals from discrimination.
WEDNESDAY WISDOM: “The time you enjoy wasting is not wasted time.”—Bertrand Russell, British philosopher
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