Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 20th, 2019

The Next Generation of Producers Is Emerging

They’re investing in senior-level experience, with lead adviser compensation up by 12% over the last two years, in an effort to secure seasoned talent that can help supercharge growth and navigate tomorrow’s challenges. Read more >
Upset in FINRA Board Large Seat Election
Board of Governors candidate-by-petition Chris Flint has defeated the FINRA-preferred candidate Andrew Duff. Read more >
Lawmaker Makes Another Attempt to Push for National Auto-IRAs
The “Automatic IRA Act of 2019” would require employers that do not provide another qualified retirement plan and that have more than 10 employees to enroll workers automatically in an Auto-IRA. Read more >
IRS Rules on Tax Treatment of Uncashed Distribution Checks
Does an individual’s failure to cash a retirement plan distribution check permit her to exclude the amount of the designated distribution from her gross income in that year? Read more >
U.S. Attorneys File Brief in IBM Supreme Court Case
The bottom line was, “Absent extraordinary circumstances, ERISA’s duty of prudence requires an ESOP fiduciary to publicly disclose inside information only when the securities laws require such disclosure.” Read more >
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
2023 Retirement Plan Adviser of the Year Finalists
Biden’s First Veto Keeps DOL’s ESG Rule in Place
Complying With the Custody Rule and the New Custody Proposal
Experts Predict Major Growth in Retirement Coverage, Benefits
Discovery Data Provides Tool That Projects an Adviser’s Future
This adds to its consolidated view of the financial services industry, including detailed profiles on all firms and professionals. Read more >
Get to Know the Health Savings Alphabet
The account types differ quite a lot. Some require same-year spending, most are owned by the employer, and one comes with a triple tax advantage. Read more >
Market Mirror
Yesterday, the Dow gained 249.78 points (0.96%) to finish at 26,135.79, the NASDAQ closed 106.82 points (1.35%) higher at 8,002.81, and the S&P 500 increased 34.97 points (1.21%) to 2,923.65. The Russell 2000 was up 15.21 points (1.02%) at 1,508.85, and the Wilshire 5000 climbed 341.11 points (1.15%) to 29,939.04. The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.607%. The price of the 30-year Treasury bond decreased 1 1/32, bringing its yield up to 2.086%.
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