Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 2nd, 2019

Good News for P.R. Plans

Their collective investment trusts (CITs) no longer must register under U.S. law. This should be welcome news to named fiduciaries of Puerto Rico retirement plans and the advisers to such fiduciaries. Read more >
Plaintiffs’ Attorney in Thole v. U.S. Bank Predicts Victory in Supreme Court
The Supreme Court will weigh in on the question of whether an adequately funded pension that is not in immediate danger of insolvency could have wronged participants and breached ERISA in the selection of poorly performing investments offered by an affiliate company. Read more >
Principal Leader Talks About Benefits of Wells Fargo Acquisition
Principal is not only acquiring additional capabilities and scale, but an experienced and highly professional team, said Renee Schaaf. Read more >
Simplified Hardship Withdrawal Process Can Still Go Wrong
The IRS is aiming to simplify the hardship withdrawal process, but plan sponsor clients still have to remain mindful of their compliance obligations and safe harbor requirements. Read more >
California State-Run Auto IRA Program Launched
Despite regulatory concerns and opinions that state-run plans will not close America’s retirement savings gap, states still implement such programs. Read more >
High-Tech Meets High-Touch
How advisers blend technology and coaching to engage plan participants. Read more >
Market Mirror
Yesterday, the Dow gained 117.47 points (0.44%) to finish at 26,717.43, the NASDAQ closed 84.92 points (1.06%) higher at 8,091.16, and the S&P 500 increased 22.57 points (0.77%) to 2,964.33. The Russell 2000 was up 3.09 points (0.20%) at 1,569.66, and the Wilshire 5000 climbed 217.45 points (0.72%) to 30,485.50. The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.031%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 2.556%.
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