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PLANSPONSOR NEWSDASH LOGO May 5th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Current Volatility Shows Weaknesses in TDFs
Current Volatility Shows Weaknesses in TDFs
Lessons about diversification—especially for those nearest retirement—not learned during the Great Recession will be a focus for plan sponsors and TDF providers now.
Opinions
Consider Near- and Long-Term Issues Before Implementing CARES Act Provisions
Plan sponsors are urged to consider factors other than the short-term financial needs of their employees before adopting new loan or distribution provisions.
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
Administration
Pandemic May Stall Implementation of Certain DC Plan Decisions
The effects of the COVID-19 pandemic have plan sponsors contemplating what to do about scheduled re-enrollments, the (RFP) process and fund mapping during recordkeeper conversions.
SPONSORED BY: Pacific Life
When Choosing to Receive Lifetime Income, Women Win at Work
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
New orders for manufactured durable goods in March decreased $36.0 billion or 14.4% to $213.2 billion, the U.S. Census Bureau announced. This decrease, down following three consecutive monthly increases, followed a 1.1% February increase. Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders decreased 15.8%. Transportation equipment, down two of the last three months, led the decrease, $35.6 billion or 41.0% to $51.2 billion.
Market Mirror
Yesterday, the Dow was up 26.07 points (0.11%) at 23,749.76, the NASDAQ climbed 105.77 points (1.23%) to 8,710.72, and the S&P 500 closed 12.03 points (0.43%) higher at 2,842.74. The Russell 2000 increased 3.49 points (0.28%) to 1,263.97, and the Wilshire 5000 gained 142.94 points (0.50%) to finish at 28,643.54.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.627%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 1.277%.
Compliance
Use of Incorrect Compensation Definition Alleged in Lawsuit Against Host International
The plaintiff in the case says Host’s tip policy interferes with his and others’ ability to defer income under the terms of the plan and discriminates against tipped employees.
Data and Research
State Pensions at Lowest Funded Level in 30 Years
Negative returns for most asset classes caused by COVID-19’s stress on the financial markets caused an estimated 12.2 percentage point drop in Q1 2020.
Investing
Market Conditions Highlight Individual Investor Interest Rate Risk
Long a challenge associated with pensions, defined contribution plan investors find themselves grappling with the challenges of interest rate risk amid the coronavirus pandemic.
Small Talk
ON THIS DATE: In 1865, the Thirteenth Amendment was ratified, abolishing slavery in the U.S. In 1925, John T. Scopes, a biology teacher in Dayton, Tennessee, was arrested for teaching Darwin’s theory of evolution. In 1945, the Netherlands and Denmark were liberated from Nazi control. In 1961, from Cape Canaveral, Florida, Navy Commander Alan Bartlett Shepard Jr. was launched into space aboard the Freedom 7 space capsule, becoming the first American astronaut to travel into space. In 1966, Willie Mays broke the National League record for home runs when he hit his 512th.
TRIVIAL PURSUITS: What is the meaning and origin of the idiom “watershed moment?”
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