Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 25th, 2019

Considerations for Offering SDBAs in Retirement Plans

A report from Schwab found self-directed brokerage accounts (SDBAs) can result in good outcomes, but a brokerage window is not for every retirement plan. Read more >
Benefits & Administration
Employers Expanding Benefits Strategy to Meet Employee Needs
Aligning benefit offerings to the unique needs of different employee cohorts is one way employers are striving to better engage employees with their benefits, Willis Towers Watson found. Read more >
Ask the Experts
Can Split Plans Be Combined for Nondiscrimination Testing?
“I work with a 403(b) ERISA plan sponsor that, to avoid the large plan audit requirement, is splitting its plan into two separate plans. Plan provisions will be exactly the same for the two split plans as for the existing plan. Since the plans have provisions that are identical, can nondiscrimination testing be performed as if the plans were a single plan?” Read more >
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Learn how you can give your employees the 401(k) they deserve with a target date retirement series. Read more >
MOST READ ARTICLES
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AT&T Sued Over Calculation of Early Retirement Benefits
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Social Security Administration Announced COLA for 2020
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Could GE Have Continued Its DB Benefits?
5
Millennium Trust Helps Small Businesses Select a Retirement Plan
Economic Events

The Conference Board Consumer Confidence Index decreased in September, following a slight decline in August. The Index now stands at 125.1 (1985=100), down from 134.2 in August. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased from 176.0 to 169.0. The Expectations Index—based on consumers’ short-term outlook for income, business and labor market conditions—declined from 106.4 last month to 95.8 this month.

Market Mirror

Tuesday, the Dow lost 142.22 points (0.53%) to finish at 26,807.77, the NASDAQ closed 118.84 points (1.46%) lower at 7,993.63, and the S&P 500 decreased 25.18 points (0.84%) to 2,966.60. The Russell 2000 was down 24.66 points (1.58%) at 1,533.59, and the Wilshire 5000 fell 304.12 points (0.99%) to 30,302.38.

The price of the 10-year Treasury note increased 7/32, bringing its yield down to 1.650%. The price of the 30-year Treasury bond climbed 1 27/32, decreasing its yield to 2.105%.

Compliance
Supreme Court Asked to Review Case About Annuity Contracts in Retirement Plans
The question before the court is: May an ERISA plan participant or beneficiary seek disgorgement of unreasonable profits derived from a plan contract from a non-fiduciary party in interest? Read more >
Industry Voices
One Way to Support Older Workers Who Aren’t Ready to Retire
Tricia Blazier, with Allsup, discusses a way for employers to address older workers’ health benefits concerns. Read more >
Sponsored message from Capital Group
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Small Talk
Good News! Pizza Might Protect Against Illness—If It’s Made in Italy
The 2019 Ig Nobel Prize winners have been announced. Improbable Research says the Ig Nobel Prizes honor achievements that make people LAUGH, and then THINK. The prizes are intended to celebrate the unusual, honor the imaginative—and spur people’s interest in science, medicine, and technology. Read more >

ON THIS DATE: In 1513, the Pacific Ocean was discovered by Spanish explorer Vasco Nunez de Balboa when he crossed the Isthmus of Panama. He named the body of water the South Sea. In 1789, the first U.S. Congress adopted 12 amendments to the Constitution. Ten of the amendments became the Bill of Rights. In 1847, during the Mexican-American War, U.S. forces led by General Zachary Taylor captured Monterrey Mexico. In 1890, the Sequoia National Park was established as a U.S. National Park in Central California. In 1890, Mormon President Wilford Woodruff issued a Manifesto in which the practice of polygamy was renounced. In 1978, Melissa Ludtke, a writer for “Sports Illustrated”, filed a suit in U.S. District Court. The result was that Major League Baseball could not bar female writers from the locker room after the game. In 1981, Sandra Day O’Connor became the first female justice of the U.S. Supreme Court. In 1995, Ross Perot announced that he would form the Independence Party. In 2012, China launched its first aircraft carrier into service.

WEDNESDAY WISDOM: “Life is like an onion. You peel it off one layer at a time, and sometimes you weep.”—Carl Sandburg, poet

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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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