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 >
Stimulus Bill Extends Some Provisions of the CARES Act
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Many Near-Retirees Don't Understand Social Security Benefits
The Most Common Retirement Plan Testing Mistakes
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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