Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 28th, 2019

ESOPs More Valuable Than Just a Retirement Savings Vehicle

Employee stock ownership plans (ESOPs) have been shown to provide a higher retirement savings balance than other plan types, and recent research suggests they can also help narrow gender and racial wealth gaps. Read more >
2019 PLANSPONSOR National Conference
At the PLANSPONSOR National Conference, we provide plan sponsor attendees with a myriad of takeaways to build plans that improve the outcomes of unique workforces while implementing proper corporate governance to manage fiduciary duties. As always, the conference agenda will cover current trends and best practices, while discussing what lies ahead in retirement plan design, participant engagement and education, and investment options and solutions, as well as, of course, legislative and regulatory updates. Regardless of your retirement plan sponsor position—whether you work on the finance, treasury or human resource (HR) side of the retirement plan—the PLANSPONSOR National Conference is right for you! Read more >
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Products, Deals and People
Retirement Industry People Moves
Ascensus acquires TPA firm; ICMA-RC introduces new public 403(b) plan team; and Strategic Benefit Advisors hires senior benefits consultant. Read more >
Sponsored message from PIMCO
2019 PIMCO Defined Contribution Consulting Study
Providing retirement income potential, evaluating TDFs and plan costs, and simplifying investment menus are key. Read more >
Economic Events

New orders for manufactured durable goods in April decreased $5.4 billion or 2.1% to $248.4 billion, the U.S. Census Bureau announced. This decrease, down two of the last three months, followed a 1.7% March increase. Excluding transportation, new orders were virtually unchanged. Excluding defense, new orders decreased 2.5%. Transportation equipment, also down two of the last three months, drove the decrease, $5.4 billion or 5.9% to $85.4 billion.

 

THE ECONOMIC WEEK AHEAD: Thursday, the Labor Department will release its initial claims report.

Market Mirror

Friday, the Dow climbed 95.22 points (0.37%) to 25,585.69, the NASDAQ increased 8.73 points (0.11%) to 7,637.01, and the S&P 500 was up 3.82 points (0.14%) at 2,826.06. The Russell 2000 closed 12.73 points (0.85%) higher at 1,514.11, and the Wilshire 5000 gained 65.99 points (0.23%) to finish at 29,147.57.

 

The price of the 10-year Treasury note was unchanged, with its yield at 2.326%. The price of the 30-year Treasury bond was up 1/32, decreasing its yield to 2.751%.

 

WEEK’S WORTH: For the week ending May 24, the Dow was down 0.69%, the NASDAQ fell 2.29%, and the S&P 500 decreased 1.17%. The Russell 2000 lost 1.41%, and the Wilshire 5000 finished 1.27% lower.

From the Magazine
2019 Service Stars
Profiles are now online for the PLANSPONSOR 2019 Service Stars, individual and team service representatives recognized for exceeding expectations in their support of plan sponsors. Read more >
Compliance
Supreme Court Sees Four Appeals of ERISA Cases
Employee Retirement Income Security Act (ERISA) attorney Marcia Wagner gives her take on the retirement plan lawsuits that have recently been appealed to the Supreme Court. Read more >
Small Talk

ON THIS DATE: In 1863, the first black regiment left Boston to fight in the U.S. Civil War. In 1892, the Sierra club was organized in San Francisco, California. In 1928, Chrysler Corporation merged with Dodge Brothers, Inc. In 1929, Warner Brothers debuted “On With The Show” in New York City. It was the first all-color-talking picture. In 1961, Amnesty International, a human rights organization, was founded. In 1998, Dr. Susan Terebey discovered a planet outside of our solar system with the use of photos taken by the Hubble Space Telescope. In 2014, author and poet Maya Angelou, who published more than 30 books, died at 86 at her home in Winston-Salem, North Carolina. In 2015, the Observatory at One World Trade Center officially opened.

TRIVIAL PURSUITS: When did the first public swimming pool open in the U.S.? Read more >
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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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