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 >
Experts Predict Major Growth in Retirement Coverage, Benefits
Why 529 Education Savings Plans Are More Valuable Than Ever
Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans
Biden’s First Veto Keeps DOL’s ESG Rule in Place
A Reminder to Avoid Fraudulent Hardship Withdrawals
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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