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Freezing the Company DB Plan Does Not Suspend Its Needs
Freezing the Company DB Plan Does Not Suspend Its Needs
For the most part, plan sponsors must do everything they did when it was ongoing.
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Most Read
Participants Will Need Support to Understand Lifetime Income Projections
Data and Research
DB Plans Retain Cost Advantage Over DC Plans
Milliman Accused of Failing to Prune Bad Investments From 401(k)
Economic Events
Existing-home sales continued to climb in August, marking three consecutive months of positive sales gains, according to the National Association of Realtors. Each of the four major regions experienced both month-over-month and year-over-year growth, with the Northeast seeing the greatest improvement from the prior month.

Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 2.4% from July to a seasonally-adjusted annual rate of 6 million in August. Sales as a whole rose year-over-year, up 10.5% from a year ago (5.43 million in August 2019).
Market Mirror
Tuesday, the Dow was up 140.48 points (0.52%) at 27,288.48, the NASDAQ climbed 184.84 points (1.71%) to 10,963.64, and the S&P 500 gained 34.51 points (1.05%) to finish at 3,315.57. The Russell 2000 increased 11.71 points (0.79%) to 1,496.96, and the Wilshire 5000 closed 350.49 points (1.04%) higher at 34,009.80.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.676%. The price of the 30-year Treasury bond decreased 2/32, bringing its yield up to 1.426%.
Insurance Companies Agree to Settle Self-Dealing Suit
Mutual of Omaha and United of Omaha agreed to pay $6.7 million to settle claims they selected certain investment options for Mutual of Omaha’s 401(k) plan to benefit the company and subsidiaries rather than plan participants.
Court Ruling Mixed on Home Depot Dismissal Motion
While a court has ruled the plan’s advisers should be carved out of the litigation, the counts against Home Depot fiduciaries will proceed.
Ask the Experts
Considerations for ESG Investing in Retirement Plans
I’ve been hearing a lot lately about ESG investing. What is it, and are there things we should consider before adding it to our plan?”
PSNC 2020: New Thoughts About QDIAs
A ‘dynamic QDIA’ that starts participants off in TDFs and then moves them to managed accounts is a potential trend for the future.
PSNC 2020: Time to Get Serious About ESG?
Environmental, social and governance investing is slowing becoming pervasive in DC plans, particularly as Millennials are poised to become the majority of the workforce.
Employees Taking a Greater Interest in Specific Benefits
Life insurance, dental insurance, health and flexible spending accounts, and financial planning tools are on workers’ radar, according to MetLife.
Small Talk
ON THIS DATE: In 1642, the first commencement at Harvard College, in Cambridge, Massachusetts, was held. In 1845, the Knickerbocker Base Ball Club of New York was formed by Alexander Joy Cartwright. It was the first baseball team in America. In 1846, German astronomer Johann Gottfried Galle discovered the planet Neptune at the Berlin Observatory. In 1930, flashbulbs were patented by Johannes Ostermeier. In 1962, “The Jetsons” premiered on ABC-TV. It was the first program on the network to be carried in color. In 1993, Blacks were allowed a role in the South African government after a parliamentary vote. In 1998, Jamie Lee Curtis received a star on the Hollywood Walk of Fame. In 1999, Siegfried & Roy received a star on the Hollywood Walk of Fame.
WEDNESDAY WISDOM: “Reacting in anger or annoyance will not advance one’s ability to persuade.”—Ruth Bader Ginsburg
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