Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 22nd, 2019
Benefits & Administration
Retirement Plan Participants’ Trust in Providers Could Improve
A report from the National Association of Retirement Plan Participants (NARPP) shows participant engagement with retirement plan providers is declining and reveals what participants say could improve their trust in providers. Read more >
Ask the Experts
Effect of Overtime Rules on Plan Administration
“I recently read that the DOL is proposing a new overtime rule. As proposed, will that new rule have an impact on the 403(b) retirement plan that we sponsor?” Read more >
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PSNC 2019: Best Practices for Your Retirement Plan Committee
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Financial Wellness Programs Can Benefit Employers in Several Ways
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The Importance of Rebalancing DC Plan Portfolios
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(b)lines Ask the Experts – Must 403(b)s Adopt a Pre-Approved Plan Document?
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What’s Actually in the Retirement Enhancement and Savings Act of 2019?
Sponsored message from Capital Group
Your employees go above and beyond.
Learn how you can give your employees the 401(k) they deserve with a target date retirement series. Read more >
Products, Deals and People
Janet Dhillon Sworn in as EEOC Chair
As Chair, Dhillon will continue to ensure policies are enforced to enable older individuals to work as long as they want and to prevent age discriminatory retirement programs and policies. Read more >
Economic Events

Existing-home sales saw a minor decline in April, continuing March’s drop in sales, according to the National Association of Realtors. Two of the four major U.S. regions saw a slight dip in sales, while the West saw growth and the Midwest essentially bore no changes last month. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 0.4% from March to a seasonally adjusted annual rate of 5.19 million in April. Total sales are down 4.4% from a year ago (5.43 million in April 2018).

Market Mirror

Tuesday, the Dow gained 197.43 points (0.77%) to finish at 25,877.33, the NASDAQ closed 83.35 points (1.08%) higher at 7,785.72, and the S&P 500 increased 24.13 points (0.85%) to 2,864.36. The Russell 2000 was up 20.28 points (1.33%) at 1,545.25, and the Wilshire 5000 climbed 268.71 points (0.92%) to 29,586.79.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.431%. The price of the 30-year Treasury bond was down 2/32, bringing its yield up to 2.848%.

Compliance
House Committee Considers Challenges Faced by Older Workers
At a House Committee on Education and Labor hearing, witnesses and lawmakers spoke about the issue of age discrimination in the workforce—agreeing that employers benefit from retaining older workers. Read more >
Investing
Strong Returns Boost SDBA Balances
A previous Schwab analysis found retirement plan participants in advised self-directed brokerage accounts (SDBAs) displayed a more diversified asset allocation mix and had a lower concentration of assets in particular securities than those in non-advised accounts. Read more >
Small Talk
Two recent surveys from Accountemps reveals what perks employees would like employers to offer during the summer and that the majority of employees take their vacation time during summer months. Fifty-two percent of employees polled said the best summer perk and employer can offer is flexible schedules, and 58% reported they save their vacation time for June, July and August. Read more >

ON THIS DATE: In 1841, Henry Kennedy received a patent for the first reclining chair. In 1849, Abraham Lincoln received a patent for the floating dry dock. In 1891, the first public motion picture was given in Thomas Edison’s lab. In 1892, Dr. Washington Sheffield invented the toothpaste tube. In 1900, the Associated Press was incorporated as a non-profit news cooperative in New York. In 1947, the Truman Doctrine was enacted by Congress to appropriate military and economic aid Turkey and Greece. In 1967, “Mister Rogers’ Neighborhood” premiered on PBS. In 1977, Janet Guthrie set the fastest time of the second weekend of qualifying, becoming the first woman to earn a starting spot in the Indianapolis 500 since its inception in 1911. In 1985, Pete Rose passed Hank Aaron as National League run scoring leader with 2,108. In 1992, Johnny Carson hosted NBC’s “Tonight Show” for the last time. He had been host for 30 years. In 2003, at the Colonial in Fort Worth, Texas, Annika Sorenstam became the first woman to play on the PGA tour in 58 years. She ended the day at 1-over par.

 

WEDNESDAY WISDOM: “Every man dies. Not every man really lives.”—William Wallace, Scottish Knight

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

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

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