May 11th, 2020

The Coronavirus Is Adding to U.S. Economic Inequality One positive point in some otherwise sobering data is the role that defined contribution (DC) plans play in helping middle class Americans generate a stable financial future. Read more > Be Stronger in the Recovery Todd Kading, president and co-founder of LeafHouse Financial, discusses the importance of flexibility and innovation when the tough times arrive. Read more > Coronavirus News for Plan Advisers Focused editorial analysis of market movements, business challenges and legislative and regulatory actions. Read more > Mind-Body Wellness Employers aim to improve workers’ financial well-being. Read more > MOST READ ARTICLES

Extraordinary Measures The SEC’s relief package helps advisers keep operating, while the CARES Act eases access to retirement savings. Read more > Hazard Prevention 403(b) sponsors may stave off lawsuits by cleaning up plan governance. Read more > Market Mirror Friday, the Dow closed 455.43 points (1.91%) higher at 24,331.32, the NASDAQ was up 141.66 points (1.58%) at 9,121.32, and the S&P 500 increased 48.61 points (1.69%) to 2,929.80. The Russell 2000 climbed 66.63 points (5.28%) to 1,329.64, and the Wilshire 5000 gained 556.96 points (1.91%) to finish at 29,670.71.   The price of the 10-year Treasury note decreased 27/32, bringing its yield up to 0.685%. The price of the 30-year Treasury bond fell 1 27/32, increasing its yield to 1.387%.   For the week ending May 8, the Dow was up 2.56%, the NASDAQ climbed 6.00%, and the S&P 500 increased 3.50%. The Russell 2000 gained 5.49%, and the Wilshire 5000 finished 4.11% higher.

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