Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 19th, 2019

What Safe Harbors Are Available to Retirement Plan Sponsors?

Safe harbor provisions protect employers from liability. That’s one good reason to understand them. Read more >
Compliance
CBO Says Rescue Plan for Multiemployer Pensions Won’t Help
For one thing, the Congressional Budget Office projects that about one-quarter of the affected multiemployer plans would become insolvent in the 30-year loan period and would not fully repay their loans. Read more >
Safeway, Aon Agree to Settlement of Excessive Fee Suits
A total payment of $8.5 million will settle two lawsuits. 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
Sponsored message from J. P. Morgan Asset Management
When you know the facts
You can help more people cross the retirement finish line. Two decades of research and the behavioral data of millions of participants fuels J.P. Morgan’s investment decisions. Get the facts. Read more >
Economic Events

Privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,364,000, the Census Bureau reported. This is 12.3% above the revised July estimate of 1,215,000 and is 6.6% above the August 2018 rate of 1,279,000. Single‐family housing starts in August were at a rate of 919,000; this is 4.4% above the revised July figure of 880,000. The August rate for units in buildings with five units or more was 424,000.

Market Mirror

Wednesday, the Dow increased 36.28 points (0.13%) to 27,147.08, the NASDAQ decreased 8.62 points (0.11%) to 8,177.39, and the S&P 500 was up 1.03 points (0.03%) at 3,006.73. The Russell 2000 closed 9.94 points (0.63%) lower at 1,568.35, and the Wilshire 5000 was down 17.97 points (0.06%) at 30,762.68.

 

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.794%. The price of the 30-year Treasury bond increased 27/32, bringing its yield down to 2.249%.

Investing
ICMA-RC Fighting for CIT Availability for 403(b)s
Sponsors of 403(b) plans are not able to use low-cost collective investment trusts (CITs) in their plans as are their 401(k) counterparts. ICMA-RC is working to change this. Read more >
Sponsored message from Charles Schwab
Financial ownership: Helping participants move from engagement to actions Read more >
Small Talk

ON THIS DATE: In 1777, the Battle of Saratoga was won by American soldiers during the Revolutionary War. In 1876, Melville R. Bissell patented the carpet sweeper. In 1957, the U.S. detonated a 1.7 kiloton nuclear weapon in an underground tunnel at the Nevada Test Site (NTS), a 1,375 square mile research center located 65 miles north of Las Vegas. In 1970, “The Mary Tyler Moore Show” premiered on CBS-TV. In 1995, a manifesto by the Unabomber, an anti-technology terrorist, was published by The New York Times and Washington Post in the hope that someone will recognize the person who, for 17 years, had been sending homemade bombs through the mail that had killed and maimed innocent people around the U.S.

SURVEY SAYS: Do you think the U.S. is headed into a recession? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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