Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 8th, 2019

Improving a Retirement Plan Committee Through Diversity

Today’s workforces are becoming more diverse both generationally and culturally, and retirement plan committees should match this trend to add unique perspectives to plan decisions. Read more >
Compliance
AT&T Sued Over Calculation of Early Retirement Benefits
The plaintiffs say the plan’s terms reduce benefits using “Early Retirement Factors” and “Joint and Survivor Annuity Factors” which result in plan participants receiving less than the actuarial equivalent of their vested accrued benefit, as required by ERISA. Read more >
IRS Establishing Recurring Remedial Amendment Periods for 403(b) Plans
Revenue Procedure 2019-39 also provides a limited extension of the initial remedial amendment period for certain form defects. Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
2
Congressional Leaders Want SECURE Act Passage in 2019
3
Social Security Administration Announced COLA for 2020
4
New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans
5
IRS Releases 2019-2020 Priority Guidance Plan
Congressional Leaders Want SECURE Act Passage in 2019
Chris Spence, TIAA’s senior director of government relations, took a few minutes away from his regular Monday schedule to update PLANSPONSOR readers on the status of the Setting Every Community Up for Retirement Enhancement Act, commonly referred to as the “SECURE Act.” Read more >
New York Investigating Sales of Annuities to 403(b)s
With New York being an influencer, some say it will prompt other states to do the same. Read more >
Sponsored message from Charles Schwab Retirement Plan Services
Data-driven insights & a human-driven approach
If you’re ready for a powerful combination of people & technology, we’re ready to serve. Read more >
Market Mirror

Yesterday, the Dow decreased 95.70 points (0.36%) to 26,478.02, the NASDAQ closed 26.18 points lower (0.33%) at 7,956.29, and the S&P 500 fell 13.22 points (0.45%) to 2,938.79. The Russell 2000 was down 2.91 points (0.19%) at 1,497.79, and the Wilshire 5000 lost 116.38 points (0.39%) to finish at 29,976.51.

 

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.562%. The price of the 30-year Treasury bond fell 31/32, bringing its yield up to 2.056%.

Products, Deals and People
Millennium Trust Helps Small Businesses Select a Retirement Plan
The Retirement Savings Selector Tool for Small Businesses was created to help small businesses identify a retirement savings option that may be a fit for their business by answering a few quick and easy questions. Read more >
Small Talk

ON THIS DATE: In 1918, U.S. Corporal Alvin C. York almost single-handedly killed 25 German soldiers and captured 132 in the Argonne Forest in France. York had originally tried to avoid being drafted as a conscientious objector. After this event he was promoted to sergeant and was awarded the Congressional Medal of Honor. In 1944, “The Adventures of Ozzie and Harriet” debuted on CBS radio. In 1956, Donald James Larsen (New York Yankees) pitched the first perfect game in the history of the World Series. In 1957, the Brooklyn Baseball Club announced that it had accepted a deal to move the Dodgers to Los Angeles. In 1993, the U.S. government issued a report absolving the FBI of any wrongdoing in its final assault in Waco, Texas, on the Branch Davidian compound. The fire that ended the siege killed as many as 85 people. In 2001, Tom Ridge, former Governor of Pennsylvania, was sworn in as director of the new U.S. department of Homeland Security. In 2003, Vietnam and the United States reached a tentative agreement that would allow the first commercial flights between the two countries since the end of the Vietnam War. In 2003, Siegfried Fischbacher and his manager announced that the “Siegfried and Roy” show at the Mirage in Las Vegas was canceled permanently. It was also said that if Roy Horn survived, after a tiger attack on October 3, the duo would continue to work together.

TRIVIAL PURSUITS: Which baseball teams have never won the World Series? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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