July 30th, 2019

DOL Issues Final Association Retirement Plans Ruling In addition to the final ruling, the department has also released a 16-page request for information (RFI) on open MEPs. Read more > Open MEPs Seen as a Promising Way to Narrow the Coverage Gap Two-thirds of small businesses that currently do not offer a retirement plan say that they would consider doing so through an open MEP, Empower learned in a survey. Read more > Helping Participants After They Have Taken Hardship Withdrawals Participants who have taken a hardship withdrawal are nearly three-times more likely to feel “always” stressed in general and three-times more likely to have “a lot” of stress about their financial situation. Read more > BPAS, MassPay Launch ‘360 Partnership’ The solution automatically synchronizes information between the plan sponsor, recordkeeper, investment provider and employees Read more > MOST READ ARTICLES 1 2023 Retirement Plan Adviser of the Year Finalists 2 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 3 With SECURE 2.0, the Cash Balance DB Plan May Be Back 4 Retirement Advisers Increasingly Want PEP Option in Toolbox 5 LinkedIn Will Pay Out $6.75 Million for 401(k) Participant Complaint

Sponsored message from Franklin Templeton Global Investment Outlook: Midyear 2019 What’s next for markets? Are there cracks in the global economy? Read the midyear outlook from our senior investment leaders to see why and how we are reining in risk. Read more > ESOP Opportunities Employers and employees both receive benefits Read more > When Sponsors Want a 3(38) Adviser Establishing well-defined ground rules and procedures is key Read more > Market Mirror Monday, the Dow inched upwards by 28.90 points (0.11%) to 27,221.35, the NASDAQ ticked downward by 36.88 points (0.44%) for a 8,293.33 close, and the S&P lost 4.89 points (0.16%) to finish at 3,020.97. The Russell 2000 was down by 9.94 points (0.63%) to 1,569.03, and the Wilshire 5000 was down 99.88 points (0.32%) to reach 31,046.64. The price of the 10-year Treasury note rose 1/32, decreasing its yield to 2.063%, and the price of the 30-year Treasury bond was up 1/32, decreasing its yield to 2.590%.

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