Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 15th, 2016
Compliance
IRS Published Guide for Automatic Enrollment 401(k) Plans
“Automatic Enrollment 401(k) Plans for Small Businesses” can be used by sponsors of automatic enrollment 401(k) plans to educate themselves about how to operate the plan and stay in compliance with laws and regulations.Read more >
Court Imposes Hefty Penalty for Failure to Provide Documents
After deciding in February that Reppert, Inc. failed to provide certain documents to a 401(k) participant who requested them, in violation of the Employee Retirement Income Security Act (ERISA), U.S. District Judge James Knoll Gardner, of the U.S. District Court for the Eastern District of Pennsylvania, has ordered the plan to pay a total of $15,959 in restitution. Gardner also found that the Reppert Inc. 401(k) plan did not file required financial audits with its Form 5500 in certain years, and that the plan’s recordkeeper was not liable for the audits not being filed.Read more >
MOST READ ARTICLES
1
Another Schlichter Suit Targets Sponsor and Providers
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2020 Best in Class DC Providers
4
2020 Recordkeeping Survey
5
Participants Are Saving More With ‘TDF-Plus’ Strategies
Products, Deals and People
PSCA Offers Plan Sponsor Education About Third-Party Fiduciaries
The Plan Sponsor Council of America (PSCA) has published an article and a two-part podcast on third-party fiduciaries. Topics discussed include: How often plan sponsors should review their third-party fiduciaries; What plan sponsors are doing to become better fiduciaries; and How retirement plan managers can convince plan fiduciaries to take their responsibility seriously.Read more >
Market Mirror

Yesterday, the Dow increased 21.03 points (0.11%) to 18,868.69, the NASDAQ decreased 18.72 points (0.36%) to 5,218.40, and the S&P 500 was virtually unchanged at 2,164.20. The Russell 2000 gained 16.21 points (1.26%) to finish at 1,298.59, and the Wilshire 5000 closed 63.04 points (0.28%) higher at 22,596.52.

On the NYSE, 3.1 billion shares traded, with a slight lead for advancers. On the NASDAQ, 2.9 billion shares changed hands, with 3 advancing issues for every 2 declining issues.

The price of the 10-year Treasury note decreased 28/32, bringing its yield up to 2.249%. The price of the 30-year Treasury bond fell 1 24/32, increasing its yield to 2.998%.
Investing
Risk Control At Heart of ESG and SRI Developments
Asset managers seeking new levels of diversification and risk awareness are wholeheartedly embracing investing programs designed with environmental, social and governance (ESG) themes in mind, according to a new report from U.S. SIF, the research and advocacy organization supporting ESG and sustainable and responsible investing (SRI).Read more >
DC Investors Stuck With Portfolio Strategies During October
Defined contribution (DC) plan investors went through a shaky month of generally negative equity and fixed-income returns, coupled with light trading, according to Aon Hewitt’s 401(k) Index. The firm reports that only 0.16% of total balances traded in the month, and there were just two days of above-normal trading activity. For participants who traded, 15 out of 21 trading days favored fixed-income funds over equity funds.Read more >
Small Talk
ON THIS DATE: In 1777, the Continental Congress approved the Articles of Confederation, precursor to the U.S. Constitution. In 1806, explorer Zebulon Pike spotted the mountaintop that became known as Pikes Peak. In 1864, Union General William T. Sherman and his troops began their “March to the Sea” during the U.S. Civil War. In 1867, the first stock ticker was unveiled in New York City. In 1901, Miller Reese patented an electrical hearing aid. In 1920, the League of Nations met for the first time in Geneva, Switzerland. In 1926, the National Broadcasting Co. (NBC) debuted with a radio network of 24 stations. The first network radio broadcast was a four-hour “spectacular.” In 1939, U.S. President Franklin Roosevelt laid the cornerstone of the Jefferson Memorial in Washington, D.C. In 1969, in Washington, D.C., one-quarter of one million protesters staged a peaceful demonstration against the Vietnam War. In 1999, representatives from China and the United States signed a major trade agreement that involved China’s membership in the World Trade Organization (WTO).
TRIVIAL PURSUITS: What warning did Paul Revere shout during his midnight ride in 1775?Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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