Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 24th, 2020
Retirees and Investors Watch for Congressional Coronavirus Action
The events of recent days relating to the novel coronavirus pandemic’s spread in the United States and around the world have very quickly changed the focus of industry leaders to securing emergency relief for retirement plan investors and employers.  Read more >
ICI Asks Governors to Consider Shelter-in-Place Exemption for Mutual Funds
“Many states are home to headquarters or critical operations for numerous mutual fund sponsors where Americans have entrusted their savings to meet a wide range of financial goals. Those mutual fund companies must remain in operation to ensure access to invested monies for shareholders across the country,” ICI’s president wrote in a letter. Read more >
Advisers Giving Back: Peak Financial Group
Now part of HUB International, the firm hopes to expand its giving to positively impact the lives of children in the Houston area. Read more >
Old Dogs, New Tricks: Training for Veteran Advisers Pays Off
CAPTRUST, T. Rowe, NBS Team Up on ‘MEP-PEP Alternative’ for Small Clients
Weighing Active Management in DC Plans
Op-Ed: Financial and 401(k) Trends to Consider
DOL, IRS and PBGC Call for Comments on Form 5500 Revisions
Sponsored message from Invesco
The Forgotten Participant
Examining defined contribution participant investing behaviors and decision-making. Read more >
Ways to Help Your Clients Protect Against Cybersecurity Threats
Joe Brummel and his colleagues at Strategic Retirement Partners (SRP), in Minneapolis, were already checking as to recordkeepers’ data-security policies and procedures. But the need for such provisions hit home for the SRP managing director when, two years ago, someone tried to make a fraudulent $330,000 withdrawal from an account in a client’s plan. Read more >
MEPs and PEPs
The SECURE Act, beginning in 2021, allows for the creation of PEPs, which are closer to the open MEPs many advisers had envisioned making available to employers. A PEP is a single plan under the Employee Retirement Income Security Act (ERISA) and need file only one Form 5500 and receive only one annual audit by an independent Certified Public Accountant (CPA). Read more >
Market Mirror
Yesterday, the Dow lost 582.05 points (3.04%) to finish at 18,591.93, the NASDAQ was down 18.84 points (0.27%) at 6,860.67, and the S&P 500 decreased 67.52 points (2.93%) to 2,237.40. The Russell 2000 fell 56.35 points (5.32%) to 1,002.40, and the Wilshire 5000 closed 617.44 points (2.67%) lower at 22,465.02. The price of the 10-year Treasury note was up 9/32, decreasing its yield to 0.766%. The price of the 30-year Treasury bond increased 2 25/32, bringing its yield down to 1.332%.
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