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PLANSPONSOR NEWSDASH LOGO May 26th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
PLANSPONSOR Webinar Series
Reframing Employee and Retirement Plan Participant Communication
Reframing Employee and Retirement Plan Participant Communication
PLANSPONSOR’s Plan Progress webinar series is designed to help you develop better or more advanced plan governance and design, with the goal of improving outcomes for retirement plan participants. Join us Thursday for our first monthly event—a discussion about what’s included in the DOL’s final rule for electronic disclosures and how to re-evaluate communication to participants considering data analytics, participant preferences and multimedia campaigns.
Administration
A Retirement Plan Wake-Up Call From COVID-19
Nontraditional retirement plan providers suggest plan design will be more driven by behavioral finance and participant communications and advice will evolve.
Most Read

2020 Defined Benefit Administration Survey
Ask the Experts
Clarification of Loan Repayment Delay Provisions of CARES Act
Compliance
Use of Fidelity Active Management Funds Questioned in Court
Benefits
Emergency Savings Post-COVID Will Be Viewed Differently
The retirement plan system has the infrastructure to get people started building emergency savings.
SPONSORED BY: Pacific Life
“Women Win At Work When Choosing to Receive Lifetime Income”
The new SECURE Act makes it easier for employers to offer lifetime income through their defined contribution plans. This is good for everyone but offers particular advantages for women as explained here.
Economic Events
Today, the Conference Board will issue its Consumer Confidence Index for May and the Census Bureau will report about new home sales in April. Thursday, the Labor Department will release its initial claims report and the Census Bureau will report about durable goods orders in April.
Market Mirror
Friday, the Dow was down 8.96 points (0.04%) at 24,465.16, the NASDAQ closed 39.71 points (0.43%) higher at 9,324.59, and the S&P 500 was up 6.94 points (0.24%) at 2,955.45. The Russell 2000 gained 7.97 points (0.59%) to finish at 1,355.53, and the Wilshire 5000 increased 90.42 points (0.30%) to 30,016.30.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.661%. The price of the 30-year Treasury bond increased 3/32, bringing its yield down to 1.374%.

For the week ending May 22, the Dow increased 3.29%, the NASDAQ finished 3.44% higher, and the S&P 500 was up 3.20%. The Russell 2000 climbed 7.84%, and the Wilshire 5000 gained 3.74%.
Compliance
Tips for When the QDRO Process Is Held Up
With court closures caused by the COVID-19 pandemic, plan sponsors may consider modifications to qualified domestic relations order processes.
Implementation of Coronavirus-Related Distributions in DB Plans
DB plan sponsors may want to offer coronavirus-related distributions under the CARES Act, but should understand certain rules before doing so.
Deals and People
Retirement Industry People Moves
Invesco selects ETF head and PGIM Investments hires VP of Retirement Investment Solutions.
Small Talk
ON THIS DATE: In 1864, the Territory of Montana was organized. In 1865, arrangements were made in New Orleans for the surrender of Confederate forces west of the Mississippi. In 1868, President Andrew Johnson was acquitted in a Senate impeachment trial. In 1927, Henry Ford and his son Edsel drove the 15 millionth Model T Ford out of their factory, marking its official last day of production. In 1961, civil rights activist group Freedom Ride Coordinating Committee was established in Atlanta. In 1972, the Strategic Arms Limitation Treaty (SALT I) was signed by the U.S. and USSR. The short-term agreement put a freeze on the testing and deployment of intercontinental and submarine-launched ballistic missiles for a 5-year period. In 1978, the first legal casino in the Eastern U.S. opened in Atlantic City, New Jersey.
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