Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 4th, 2019
George Washington University Faces ERISA Hearing
The parties dispute whether the plaintiff has standing to bring any ERISA claims based on a settlement agreement she entered, and, if she does, which claims could be permitted to proceed. Read more >
IRS Discusses Ways ESOPs Can Prevent Violation of Nonallocation Year Rules
Since there are no prescribed correction methods to address Internal Revenue Code Section 409(p) violations, prevention methods are important considerations for both employee stock ownership plan design and operation, the IRS says. Read more >
Getting Millennials to Get Started on Savings
While a survey finds the majority of Millennials are investors, the top three reasons some Millennials do not invest are they do not have enough money to do so, they say they do not know how to properly invest, and they do not know the first thing about investing. Read more >
2023 Retirement Plan Adviser of the Year Finalists
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Retirement Advisers Increasingly Want PEP Option in Toolbox
LinkedIn Will Pay Out $6.75 Million for 401(k) Participant Complaint
Plan Design, Education and Advice Can Improve Participant Retirement Savings
Defined contribution plan participants and non-participants surveyed by Natixis shared incentives that would encourage them to save or save more for retirement. Read more >
Small Business Owners Prefer Financial Service Companies to Manage Retirement Plans
Eighty-nine percent of small employers surveyed said they have a high level of trust in retirement plan providers, compared to 53% for state governments. Read more >
TPA Announces Cash Balance and DB Plan Administration Fees
Steidle Pension Solutions announced that plan sponsors using SPS administration and actuarial services will pay only $1,200 for full-service administration, and its plan document restatement fee is only $325. Read more >
Market Mirror
Wednesday, the Dow was up 39,00 points (0.15%) at 26,218.13, the NASDAQ climbed 46.86 points (0.60%) to 7,895.55, and the S&P 500 increased 6.16 points (0.21%) to 2,873.40. The Russell 2000 gained 7.59 points (0.49%) to finish at 1,560.91, and the Wilshire 5000 closed 115.26 points (0.39%) higher at 29,680.43. The price of the 10-year Treasury note decreased 13/32, bringing its yield up to 2.520%. The price of the 30-year Treasury bond fell 1 4/32, increasing its yield to 2.934%.
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