Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 9th, 2020

Advisers Giving Back: Pensionmark

One charity program Pensionmark supports is Partners in Education, which pairs young people with mentors from the business community to help them prepare for internships and first jobs. Read more >
Clients Must Treat Layoffs and Furloughs Carefully
The IRS may determine that a ‘partial termination’ of a plan has occurred if a company undergoes sizable layoffs—but not furloughs—potentially impacting vesting schedules and other aspects of plan operations.   Read more >
Advisers Shine Light on CSR at Work
Later in the year, Business Roundtable, a group of 181 CEOs representing the largest U.S. companies, stated corporations should not just prioritize shareholders but “share a fundamental commitment to all of our stakeholders.” Read more >
Parties Agree to Settle JPMorgan Self-Dealing Suit
The case in one in a string of lawsuits in which plaintiffs argued the company’s 401(k) plan fees were not properly controlled and that conflicts of interest damaged net-of-fee performance. 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
Coronavirus Updates for Plan Advisers
Focused editorial analysis of market movements, business challenges and legislative and regulatory actions. Read more >
eMoney Advisor to Offer Free Financial Planning
Responding to the global financial crisis caused by COVID-19, eMoney Advisor is planning to make its financial planning platform, marketing solutions and educational resources more accessible to advisers. Read more >
Building Better Engagement
Expert advice for how to make the most of your face time with employees. Read more >
Nationwide Announces CARES Act Transaction Help for Participants
Fee waivers, accelerated processing and educational resources are being offered. Read more >
Market Mirror
Wednesday, the Dow closed 779.71 points (3.44%) higher at 23,433.57, the NASDAQ was up 203.64 points (2.58%) at 8,090.90, and the S&P 500 increased 90.57 points (3.41%) to 2,749.98. The Russell 2000 climbed 52.49 points (4.61%) to 1,191.66, and the Wilshire 5000 gained 934.81 points (3.52%) to finish at 27,457.00. The price of the 10-year Treasury note decreased 27/32, bringing its yield up to 0.765%. The price of the 30-year Treasury bond fell 1 32/32, increasing its yield to 1.374%.
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