Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 1st, 2020

The Coronavirus Crash Tax Diversification Opportunity

Every cloud has a silver lining. One opportunity presented by the recent market volatility caused by the coronavirus pandemic is the chance to create greater tax diversification in retirement portfolios. Read more >
DowDuPont Pension Spin Off Lawsuit Dismissed
A court found most actions alleged in participants’ complaint were not fiduciary functions Read more >
Consultant Named in ESOP Buyback ERISA Lawsuit
One of the defendants in the case, the trustee who oversaw a questioned ESOP buyback transaction, was at the time allegedly working as the chief financial officer of a large chain of dental practices. Read more >
Pooled Strength
PEPs should be a boon to small employers—and how advisers, too, can gain from these plans. Read more >
Mixed March Data Portrays Investors in Economic Limbo
Easing the impact on savings rates was the fact that personal consumption expenditures were down by 7.5% during the month of March, according to the Bureau of Economic Analysis. Read more >
Ascensus Releases Online COVID-19 Resources
The dedicated features will be listed on the firm’s homepage, where advisers and employers can receive updates, analysis and decision-support guides.  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
Keeping Up With the Workplace
Black Americans need more representation in the financial advisory field. Read more >
Let Me Introduce Myself
Advisers talk about how they seek client referrals. Read more >
Market Mirror
Thursday, the Dow closed 288.14 points (1.17%) lower at 24,345.72, the NASDAQ was down 25.16 points (0.28%) at 8,889.55, and the S&P 500 decreased 27.08 points (0.92%) to 2,912.43. The Russell 2000 fell 50.10 points (3.68%) to 1,310.66, and the Wilshire 5000 lost 353.53 points (1.19%) to finish at 29,365.49.   The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.638%. The price of the 30-year Treasury bond decreased 32/32, bringing its yield up to 1.288%.
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