May 21st, 2020 Insight on Plan Design & Investment Strategy Every Weekday Compliance Heroes Act Now In the Hands of a Skeptical Senate The Heroes Act, passed by a narrow majority in the House, includes union pension partition relief and a waiver for the reinvestment of 2019 and 2020 RMDs. Benefits There Are Ways for FSA Holders to Make Use of Their Accounts The CARES Act has expanded the number of medical devices and medicines the funds can be used to buy, and telehealth is also an option. Most Read Compliance Supreme Court Decision in Thole v. U.S. Bank Has Major Implications for Pensions Compliance Heroes Act Now In the Hands of a Skeptical Senate Compliance Court Finds Plan Sponsor Could Be Found Liable for Retirement Plan Cyberfraud Market Mirror Wednesday, the Dow closed 369.04 points (1.52%) higher at 24,575.90, the NASDAQ increased 190.67 points (2.08%) to 9,375.78, and the S&P 500 was up 48.67 points (1.67%) at 2,971.61. The Russell 2000 climbed 39.21 points (3.00%) to 1,346.93, and the Wilshire 5000 gained 525.71 points (1.78%) to finish at 30,125.36. The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.682%. The price of the 30-year Treasury bond was up 2/32, bringing its yield down to 1.404%. Products Ascensus Mobile App Will Aid Participants With Savings Decisions As employees make savings decisions, the app—available this summer—will offer illustrations of what those elections might mean for future progress. John Hancock Introduces Retirement Planner Tool The digital tool helps participants project their own retirement readiness and model the impact of taking different steps to improve it. Groups Offer Guide to Establish Employer Financial Wellness Program The guide provides employers with the tools, resources and strategies they need to provide the best financial wellness programming for their employees. SAVVI Financial Offers Short-Term Financial Planning Tool Planning Assistant is designed specifically for the COVID-19 crisis and takes into account the latest CARES Act rules and resources available. Small Talk ON THIS DATE: In 1542, on the banks of the Mississippi River in present-day Louisiana, Spanish conquistador Hernando de Soto died, ending a three-year journey for gold that took him halfway across what is now the United States. In 1832, the Democratic Party held its first national convention. In 1881, in Washington, D.C., humanitarians Clara Barton and Adolphus Solomons founded the American National Red Cross. In 1904, Fédération Internationale de Football Association (FIFA) was founded. In 1922, the cartoon, “On the Road to Moscow,” by Rollin Kirby won a Pulitzer Prize. It was the first cartoon awarded the Pulitzer. In 1956, the U.S. exploded the first airborne hydrogen bomb in the Pacific Ocean over Bikini Atoll. In 1970, the National Guard was mobilized to quell disturbances at Ohio State University. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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