Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 23rd, 2020
Social Security Reports Comparable Projections from 2019
The Social Security Board of Trustees has released its annual report on the long-term financial status of Social Security Trust Funds. Notably, the estimates do not reflect the potential outcomes due to the COVID-19 pandemic. Read more >
Bear Markets, Pandemics and ESG Portfolios
Investment managers say evidence is already mounting to show an outperformance of ESG-themed portfolios during the coronavirus pandemic. Might that help their popularity in the U.S.? Read more >
Nontraditional Workers Face Big Setbacks Amid COVID-19
1099 workers, those who are self-employed and lack the traditional benefits accessed by W-2 employees, are among those most affected by the COVID-19 pandemic. Read more >
Emory University 403(b) Lawsuit Resolution Announced
The court for the case of Henderson v. Emory University, et. al. has received a status report from the parties saying they “have reached an agreement in principle to resolve this matter.” Read more >
TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges
DOL Announces Anticipated ESG Fiduciary Investing Rule
Social Security Benefits Will Grow 5.9% in 2022 Amid Renewed Inflation Concerns
Retirement Industry People Moves
Calmer Summer Yields to Volatile Fall for U.S. Investors
Sponsored message from John Hancock
State of the participant 2020: readiness within reach
Reflections on retirement readiness and ideas for improvement Read more >
Investors Fled to Stable Value, Money Markets in March
Stable value funds took in 64% of the inflows and money market funds, 24%, according to the Alight Solutions 401(k) Index. Read more >
Court Backs Union in InterContinental Pension Withdrawal Liability Suit
A federal district court in New York has refused to dismiss a lawsuit claiming the InterContinental Hotels Group owes accelerated withdrawal payments to a national union pension plan. Read more >
Tracking Providers' COVID-19 Responses
From waiving fees to offering additional financial help, retirement plan recordkeepers, third-party administrators (TPAs) and advisers, as well as financial wellness providers are stepping up to assist plan sponsors and employees in a number of ways during the novel coronavirus pandemic. Read more >
Market Mirror
Wednesday, the Dow increased 456.94 points (1.99%) to 23,475.82, the NASDAQ climbed 232.15 points (2.81%) to 8,495.38, and the S&P 500 gained 62.75 points (2.29%) to finish at 2,799.31. The Russell 2000 was down 11.82 points (0.97%) at 1,201.52, and the Wilshire 5000 closed 626.12 points (2.28%) higher at 28,059.81. The price of the 10-year Treasury note was down 5/32, increasing its yield to 0.614%. The price of the 30-year Treasury bond decreased 1 26/32, bringing its yield up to 1.214%.
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