Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 21st, 2019

Hear Directly From the SEC at PANC 2019

One of the most anticipated regulations this year was the Security and Exchange Commission’s Regulation Best Interest (Reg BI). Roberta Ufford with the SEC’s Division of Investment Management will join us to discuss Reg BI and other rules and guidance issued alongside Reg BI, including an interpretation relating to the duties of advisers under the Advisers Act, and how the new rules and guidance may affects rollovers and rollover related advice. Read more >
9th Circuit Issues Major ERISA Arbitration Decision
A three-judge panel concluded that a precedent-setting appellate decision which held that ERISA claims are not arbitrable is “no longer good law” in light of interim Supreme Court rulings. Read more >
Court Finds Red Flags Ignored in ESOP Valuation
Fiduciaries were ordered to restore $6,502,500 to the plan for an overpriced purchase. Read more >
Corrections Made to ‘One-Bad-Apple’ Rule Proposal for MEPs
In July, the IRS proposed regulations that would provide an exception, if certain requirements are met, to the application of the “unified plan rule,” what the industry refers to as the “one-bad-apple rule,” for MEPs. Read more >
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Sponsored message from Charles Schwab
Participants Have The Right Mindset, But “We Still Have Work To Do”
Plan design can certainly help drive outcomes, but as an industry, we still have work to do. Read more >
ShareBuilder 401k Offers Discounts Ahead of Safe Harbor Deadline
Prior to October 1, employers can get $100 or $200 off new plan set-up costs. Read more >
Market Mirror
Tuesday, the Dow was down 173.35 points (0.66%) at 25,962.44, the NASDAQ decreased 54.25 points (0.68%) to 7,948.56, and the S&P 500 fell 23.14 points (0.79%) to 2,900.51. The Russell 2000 closed 10.84 points (0.72%) lower at 1,498.01, and the Wilshire 5000 lost 223.12 points (0.75%) to finish at 29,715.81. The price of the 10-year Treasury note was up 6/32, decreasing its yield to 1.551%. The price of the 30-year Treasury bond increased 1 2/32, bringing its yield down to 2.037%.

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

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