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PLANSPONSOR NEWSDASH LOGO October 23rd, 2019
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Mechanics of Implementing a Sidecar Savings Account
Mechanics of Implementing a Sidecar Savings Account
Keeping retirement plan contributions rolling in while also allowing employees to save for emergencies.
Compliance
Executive Orders May Impact Retirement Plan Guidance
Attorneys explain that one order attempts to limit the force and effect of sub-regulatory guidance and the other would limit enforcement when no clear guidance exists.
Most Read
Compliance
IRS Announces 2020 Contribution and Benefit Limits
Compliance
Congressional Leaders Want SECURE Act Passage in 2019
Data and Research
Rethinking the Idea That There is a Retirement Crisis
Compliance
DOL Proposes Rule to Permit Online Plan Disclosures
The new rule would offer a safe harbor for sponsors that want to make retirement plan disclosures available on websites.
Products
Actuary Groups Update Longevity Calculator
A better understanding of longevity can help employees plan for investment strategies in retirement and health care expenses, among other things.
SPONSORED BY: Ayco
Top 5 Compensation Trends in Corporate America
Review the latest trends to make sure you’re staying competitive.
Economic Events
Existing-home sales receded in September following two consecutive months of increases, according to the National Association of Realtors. Each of the four major regions witnessed sales drop off last month, with the Midwest absorbing the brunt of those declines. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 2.2% from August to a seasonally adjusted annual rate of 5.38 million in September. Despite the decline, overall sales are up 3.9% from a year ago (5.18 million in September 2018).
Market Mirror
Tuesday, the Dow was down 39.54 points (0.15%) at 26,788.10, the NASDAQ lost 58.69 points (0.72%) to finish at 8,104.30, and the S&P 500 closed 10.73 points (0.36%) lower at 2,995.99. The Russell 2000 was virtually unchanged at 1,550.87, and the Wilshire 5000 decreased 105.19 points (0.34%) to 30,544.83.The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.764%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 2.257%.
Ask the Experts, Opinions
Ask the Experts – Reasons for Certain Retirement Plan Definitions of Compensation
“I recently read your Ask the Experts column about the differences between 3401(a) “pay stub” compensation and W-2 wages as a retirement plan definition of compensation. I was hoping the Experts could elaborate as to why an employer would choose one over the other? I understand this may have to do with the other benefits the employer may offer to his/her employees.”
Cassell v. Vanderbilt University: Nonmonetary Remedies
Sometimes, with retirement plan litigation settlements, the most telling detail and the true value to participants is in the nonmonetary terms.
Small Talk
Nearly forty-four million working Americans report having seven or more paid vacation days left to use this year, and a commonly cited reason is work guilt, according to the 2019 Priceline Work-Life Balance Report. However, the survey found feeling pressure to check-in on work during vacation decreases with age.
ON THIS DATE: In 1864, during the U.S. Civil War, Union forces led by Gen. Samuel R. Curtis defeated the Confederate forces in Missouri that were under Gen. Stirling Price. In 1915, approximately 25,000 women demanded the right to vote with a march in New York City. In 1929, the Dow Jones Industrial Average plunged starting the stock-market crash that began the Great Depression. In 1946, the United Nations General Assembly convened in New York for the first time. In 1956, NBC broadcasted the first videotape recording. The tape of Jonathan Winters was seen coast to coast in the U.S. In 1958, Russian poet and novelist Boris Pasternak was awarded the Nobel Prize for literature. He was forced to refuse the honor due to negative Soviet reaction. Pasternak won the award for writing “Dr. Zhivago.” In 1973, President Richard M. Nixon agreed to turn over the subpoenaed tapes concerning the Watergate affair. In 1978, China and Japan formally ended four decades of hostility when they exchanged treaty ratifications. In 1989, Hungary became an independent republic, after 33 years of Soviet rule.

WEDNESDAY WISDOM: “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.”—Jean Paul, German romantic writer
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