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PLANSPONSOR NEWSDASH LOGO November 25th, 2019
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Retirement Plan Sponsors Need Strong Cybersecurity Defenses
Retirement Plan Sponsors Need Strong Cybersecurity Defenses
A plan sponsor could face legal liability if a breach or fraud of participant accounts occurs.
Administration
Better Retirement Income Strategies Start With Deeper Insight
To build a more effective set of solutions for the spending down of retirement plan assets, plan sponsors must first come to understand what their participants are doing today.
Most Read
Compliance
IRS Announces 2020 Contribution and Benefit Limits
Administration
Plan Sponsors Have Multiple Options for Creating Income Streams for Participants
Benefits
Social Security Administration Announced COLA for 2020
SPONSORED BY: Ayco
The Dirty Dozen of HSAs
Download these 12 most misunderstood HSA concepts.
Deals and People
Retirement Industry People Moves
ASC selects former John Hopkins investment manager as CIO; Vanguard announces multiple leadership changes in company divisions; Neuberger Berman brings in portfolio solutions head; and more.
Economic Events
THE ECONOMIC WEEK AHEAD: Tomorrow, the Census Bureau will report about new home sales for October. Wednesday, the Labor Department will release its initial claims report, and the Census Bureau will report about durable goods orders in October.
Market Mirror
Friday, the Dow climbed 109.33 points (0.39%) to 27,875.62, the NASDAQ closed 13.67 points (0.16%) higher at 8,519.89, and the S&P 500 increased 6.75 points (0.22%) to 3,110.29. The Russell 2000 was up 4.98 points (0.31%) at 1,588.94, and the Wilshire 5000 gained 72.10 points (0.23%) to finish at 31,679.22.

The price of the 10-year Treasury note was up 1/32, lowering its yield to 1.769%, and the price of the 30-year Treasury bond was up 2/32, lowering its yield to 2.224%.

WEEK’S WORTH: For the week ending November 22, the Dow lost 0.46%, the NASDAQ decreased 0.25%, and the S&P 500 finished 0.33% lower. The Russell 2000 fell 0.47%, and the Wilshire 5000 was down 0.23%.
Compliance
403(b) Plan Fiduciaries Ordered to Restore Assets to Plan
A mental health services provider, with its tax-exempt status revoked, was sued by the DOL for failing to remit employee contributions to the retirement plan and a health benefits plan.
UpFront
Social Security: The Facts vs. Fiction
Educate older workers on Social Security and other such benefits, to help stretch their savings in retirement, experts say.
SPONSORED BY: MetLife
Enhancing Fixed Income Returns With Diversified Credit Opportunities
“Rather than trying to predict and time interest rate levels, we think investors do better over the long-term through careful security selection in spread sectors.”
Small Talk
ON THIS DATE: In 1783, during the Revolutionary War, the British evacuated New York. New York was their last military position in the U.S. In 1850, Texas relinquished one-third of its territory in exchange for $10 million from the U.S. to pay its public debts and settle border disputes. In 1955, in the U.S., the Interstate Commerce Commission banned racial segregation on interstate trains and buses. In 1957, President Dwight D. Eisenhower suffered a stroke. In 1963, three days after his assassination in Dallas, Texas, John F. Kennedy is laid to rest with full military honors at Arlington National Cemetery in Virginia. In 1986, President Ronald Reagan and Attorney Gen. Edwin Meese revealed that profits from secret arms sales to Iran had been diverted to rebels in Nicaragua. National Security Advisor John Poindexter resigned and Oliver North was fired.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers whether they plan to shop the day after Thanksgiving and how they feel about Christmas items showing up in stores before Thanksgiving (in some places, before Halloween). More than half of responding readers (54.3%) do not plan to shop the day after Thanksgiving, 23.9% plan to shop online only, and 21.7% plan to shop in stores and online. Only 4.3% of respondents like Christmas items showing up in stores before Thanksgiving, while more than half (54.3%) don’t like it, and the rest don’t care. Reader comments about shopping on Black Friday explained why no one chose “yes, in stores only,” as many mentioned the chaos and the fighting that can go on. Some readers had no problem with Christmas items showing up in stores before Thanksgiving, but said having them show up before Halloween was too much. Editor’s Choice goes to the reader who said: “Let me enjoy Halloween and then Thanksgiving. There is plenty of time to give Christmas its spotlight after the glow of those holidays fade.” A big thank you to all who participated in our survey, and have a Happy Thanksgiving!
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