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PLANSPONSOR NEWSDASH LOGO May 7th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Investing
QDIAs the Best Place for Participant Assets During Downturns
QDIAs the Best Place for Participant Assets During Downturns
QDIAs keep DC plan participants on a path for growth, but the current market volatility plants seeds of new ideas about their construction going forward.
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2020 Service Stars
Four individuals and six teams from the retirement plan provider community were selected as PLANSPONSOR 2020 Service Stars. Get to know each by clicking on their names.
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
Data and Research
EBRI Calls COVID-19’s Impact on Retirement Security ‘Manageable’
Certain actions by DC plan sponsors and participants can keep it that way, a conversation among professionals suggests.
Market Mirror
Wednesday, the Dow lost 218.45 points (0.91%) to finish at 23,664.64, the NASDAQ was up 45.27 points (0.51%) at 8,854.39, and the S&P 500 closed 20.02 points (0.70%) lower at 2,848.42. The Russell 2000 was virtually unchanged at 1,263.01, and the Wilshire 5000 decreased 173.45 points (0.60%) to 28,736.42.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.698%. The price of the 30-year Treasury bond fell 1 29/32, bringing its yield up to 1.401%.
Compliance
Lawsuit Alleges Excessive Fees in Multiple Employer Plan
Though the plan’s recordkeeper is not named as a defendant, the lawsuit says fiduciaries of the ADP TotalSource Retirement Savings Plan allowed it to design an unfavorable investment menu for participants.
Administration
Coronavirus News for Plan Sponsors
Focused editorial analysis of market movements, business challenges and legislative and regulatory actions.
Products
Club Vita and Segal Announce Longevity Risk Reporting
The longevity analytics firm will bring its reporting services to Segal clients.
Small Talk
ON THIS DATE: In 1789, the first U.S. Presidential Inaugural Ball was held in New York City. In 1800, Congress divided the Northwest Territory into two parts. The western part became the Indiana Territory and the eastern section remained the Northwest Territory. In 1847, the AMA (American Medical Association) was organized in Philadelphia, Pennsylvania. In 1915, the Lusitania, a civilian ship, was sunk by a German submarine; 1,201 people were killed. In 1940, Winston Churchill became British Prime Minister. In 1945, baseball team owner Branch Rickey announced the organization of the United States Negro Baseball League. There were 6 teams. In 1945, Germany signed unconditional surrender ending World War II. It would take effect the next day. In 1946, Tokyo Telecommunications Engineering Corp. was founded. The company was later renamed Sony. In 1951, Russia was admitted to participate in the 1952 Olympic Games by the International Olympic Committee. In 1975, President Gerald Ford declared an end to the Vietnam War. In 1992, a 203-year-old proposed constitutional amendment barring Congress from giving itself a midterm pay raise was ratified as the 27th Amendment. In 1998, Daimler-Benz bought Chrysler Corp. for close to $40 billion. It was the largest industrial merger on record.
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