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The Case for E-Delivery of Retirement Plan Notifications
The Case for E-Delivery of Retirement Plan Notifications
Why some participants prefer paper copies, and how employers can encourage them to make the switch.
IRS Announces 2020 Contribution and Benefit Limits
The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.
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Data and Research
Minor Saving Increases Can Achieve 75% Income Replacement
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Employers Face ‘Tension’ Between Health Care And Financial Wellness
Court Finds Abuse of Discretion in Eligibility Process for Non-Profit’s SERP
Required Board approval before an employee could be eligible to participate in the SERP was not included in the original eligibility provision of the plan.
2020 Plan Sponsor of the Year
Only two days left to nominate a plan sponsor for our annual Plan Sponsor of the Year awards.
Market Mirror
Wednesday, the Dow was virtually unchanged at 27,492.56, the NASDAQ decreased 24.05 points (0.29%) to 8,410.63, and the S&P 500 was up 2.16 points (0.07%) at 3,076.78. The Russell 2000 closed 10.07 points (0.63%) lower at 1,589.54, and the Wilshire 5000 was down 19.10 points (0.06%) at 31,332.44. The price of the 10-year Treasury note increased 26/32, bringing its yield down to 1.820%. The price of the 30-year Treasury bond was up 7/32, decreasing its yield to 2.307%.
Data and Research
A National Program Like OregonSaves Would Reduce Retirement Deficit
The Employee Benefit Research Institute also found an expansion of 401(k) safe harbor plans nationwide would reduce the deficit by even more.
Fidelity Tool Helps Drive Total Employee Well-Being
The Fidelity Total Well-Being solution leads employees to resources in which employers have in invested and offers answers to benefits strategy questions.
Will Tech Innovation Break the Business Cycle?
Suggesting ways investors can address the lower-growth outlook, senior leaders at J.P. Morgan point to the alternative investments and private equity space as a developing opportunity set.
Small Talk
ON THIS DATE: In 1874, the Republican party of the U.S. was first symbolized as an elephant in a cartoon by Thomas Nast in Harper’s Weekly. In 1893, the state of Colorado granted its female citizens the right to vote. In 1916, Jeanette Rankin of Montana became the first woman elected to the U.S. Congress. In 1929, the Museum of Modern Art in New York City opened to the public. In 1944, President Franklin D. Roosevelt became the first person to win a fourth term as president. In 1963, Elston Howard, of the New York Yankees, became the first black player to be named the American League’s Most Valuable Player. In 1965, the “Pillsbury Dough Boy” debuted in television commercials. In 1967, Carl Stokes was elected mayor of Cleveland, Ohio, becoming the first black mayor of a major city. In 1967, President Lyndon B. Johnson signed a bill establishing the Corporation for Public Broadcasting. In 1973, Congress over-rode President Richard Nixon’s veto of the War Powers Act, which limits a chief executive’s power to wage war without congressional approval. In 1989, L. Douglas Wilder won the governor’s race in Virginia, becoming the first elected African-American state governor in U.S. history. In 1999, Tiger Woods became the first golfer since Ben Hogan in 1953 to win four straight tournaments. In 2000, Hillary Rodham Clinton made history as the first president’s wife to win public office. The state of New York elected her to the U.S. Senate.
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