Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 3rd, 2016
Industry Voices
Barry’s Pickings Online: Transparency for All
If greater transparency is so good for retirement plan providers, then it’s good for retirement industry regulators too.Read more >
Products, Deals and People
MassMutual Launches Spanish-Language Retirement Calculator
Massachusetts Mutual Life Insurance Co. (MassMutual) announced the launch of a new mobile-friendly, Spanish-language financial goal calculator on MassMutual.com/Latino.Read more >
MOST READ ARTICLES
Research
2021 Target-Date Fund Survey
Compliance
The DOL Has Begun Retirement Plan Cybersecurity Audits
Compliance
Rush of Litigation Against Retirement Plans Expected to Continue
Economic Events
The U.S. Census Bureau of the Department of Commerce announced that construction spending during March was estimated at a seasonally adjusted annual rate of $1,137.5 billion, 0.3% above the revised February estimate of $1,133.6 billion. The March figure is 8.0% above the March 2015 estimate of $1,052.9 billion. During the first 3 months of this year, construction spending amounted to $240.4 billion, 9.1% above the $220.3 billion for the same period in 2015.
Market Mirror

Major U.S. stock indices closed higher Monday as some tech stocks recovered, the Associated Press reports. The Dow gained 117.52 points (0.66%) to finish at 17,891.16, the NASDAQ closed 42.24 points (0.88%) higher at 4,817.59, and the S&P 500 increased 16.13 points (0.78%) to 2,081.43. The Russell 2000 was up 10.08 points (0.89%) at 1,140.92, and the Wilshire 5000 climbed 162.30 points (0.76%) to 21,539.89.

On the NYSE, 3.1 billion shares changed hands, with 1.7 advancing issues for every declining issue. On the NASDAQ, 2.7 billion shares traded, with a 1.3 to 1 ratio of advancers to decliners.

The price of the 10-year Treasury noted decreased 11/32, bringing its yield up to 1.874%. The price of the 30-year Treasury bond fell 30/32, increasing its yield to 2.726%.
Sponsored message from MetLife
Pension Risk Transfer Pulse. Get the latest findings from a recent MetLife poll.Read more >
Compliance
Owed Plan Contributions Non-Dischargeable in Bankruptcy
Though a plan fiduciary filed bankruptcy, he still owes court-ordered retirement plan contributions.Read more >
IRS Sets 2017 HSA Limits
The annual limitation on deductions for an individual with self-only coverage will change, while the limitation for individuals with family coverage will not.Read more >
Form 5500 Process Changes Announced for PR Plans
Retirement plans qualified in Puerto Rico should have an easier time filing required annual documentation under recent rule changes.Read more >
Kodak Settles Stock Drop Suit for Nearly $10M
The lawsuit claims that when Kodak filed for bankruptcy protection in January 2012, it failed to take action to protect retirement plan participants from financial loss.Read more >
Small Talk

ON THIS DATE: In 1802, Washington, D.C., was incorporated as a city. In 1888, Thomas Edison organized the Edison Phonograph Works. In 1921, West Virginia imposed the first state sales tax. In 1937, Margaret Mitchell won a Pulitzer Prize for “Gone With The Wind.” In 1971, anti-war protesters began four days of demonstrations in Washington, D.C. In 1971, National Public Radio broadcast for the first time. In 1999, Hasbro released the first collection of toys for the Star Wars movie “Episode I: The Phantom Menace.” In 2006, in Alexandria, Virginia, Al-Quaida conspirator Zacarias Moussaoui was given a sentence of life in prison for his role in the terrorist attack on the U.S. on September 11, 2001.

 

TUESDAY TRIVIA: Not this week.
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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