Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 21st, 2020

Lessons from Past Recessions Have Limits

Looking back to the Great Recession and Great Depression, unemployment data shows that the full effect of those downturns took years to play out. Will we now follow the same pattern?  Read more >
DOL’s EBSA Reveals Final Electronic Disclosure Rule
Compared with other regulatory efforts undertaken in recent years by the Department of Labor, this one enjoys near universal support among retirement plan industry stakeholders. Read more >
New Obligation to the SEC
The Form CRS disclosure obligation will be triggered when you provide rollover advice to an individual who comes to you as a retail investor. There are two disclosures for rollovers. One is for new clients and the other is for existing clients, each with specific delivery requirements. Read more >
Let Me Introduce Myself
When Matt Demet wants to ask a sponsor client for a referral, depending on that person’s style, he may do it during a meeting, or after the meeting over a glass of wine or beer, or by email. Read more >
Pooled Strength
By allowing the PEP to file a single Form 5500 and conduct one annual audit, the arrangement relieves much of the regulatory burden that has kept small businesses from offering retirement benefits, experts say.  Read more >
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
2023 Retirement Plan Adviser of the Year Finalists
Biden’s First Veto Keeps DOL’s ESG Rule in Place
Complying With the Custody Rule and the New Custody Proposal
Experts Predict Major Growth in Retirement Coverage, Benefits
Ascensus to Offer App to Help Participants With Savings Decisions
As employees make savings decisions, the app will offer illustrations of what those elections might mean for future progress. Read more >
New Tool Helps Participants Project Retirement Readiness
John Hancock’s retirement planner suggests steps that will help participants get on track if they’re behind or improve their general financial health if they’re retirement ready. Read more >
SAVVI Financial Designs Relief Assistant for Struggling Households
The tool takes into account the latest rules and resources from the CARES Act.  Read more >
Market Mirror
Wednesday, the Dow closed 369.04 points (1.52%) higher at 24,575.90, the NASDAQ increased 190.67 points (2.08%) to 9,375.78, and the S&P 500 was up 48.67 points (1.67%) at 2,971.61. The Russell 2000 climbed 39.21 points (3.00%) to 1,346.93, and the Wilshire 5000 gained 525.71 points (1.78%) to finish at 30,125.36. The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.682%. The price of the 30-year Treasury bond was up 2/32, bringing its yield down to 1.404%.
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