Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 9th, 2020
Dodd-Frank Authors Say Reg BI Should Be Halted by Appeals Court
The 2nd Circuit has been asked to halt the implementation of the SEC’s Regulation Best Interest by a coalition of parties that now includes the lead sponsors of the Dodd-Frank Act. Read more >
What to Know and Do Now About the SECURE Act
The majority of the law’s provisions are effective for plan years beginning after 12/31/2019, so preparations should already be underway. Read more >
How to Protect Participant Data
If the participant data is considered a plan asset, there is a fiduciary duty to prudently oversee its use. However, the law is unsettled. Recent settlements of class action lawsuits suggest that participant data could be subject to ERISA fiduciary protection. As a result, plan committees may want to develop a strategy to address this issue. Read more >
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers
Advisers Get Long-Awaited Clarity on ESG in Retirement Plans
A Reminder to Avoid Fraudulent Hardship Withdrawals
Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity
A Nationwide Network of Giving
Under the CBIZ Cares program, employees at CBIZ’s 100 offices around the nation are encouraged to volunteer their time in their local communities. Read more >
The reach of defined contribution investment only marketplace—and how industry insiders expect intermediaries to expand the current concentration of assets among a few DCIO providers to competing investment firms. Read more >
Business Owners Dream (Wrongly) of an Easy Retirement Transition
Business owners believe strongly in the value of their businesses, so they are often tempted to reinvest everything into the enterprise, thinking that will be their “retirement plan.” Read more >
Market Mirror
Wednesday, the Dow climbed 161.41 points (0.56%) to 28,745.09, the NASDAQ closed 60.66 points (0.67%) higher at 9,129.24, and the S&P 500 increased 15.87 points (0.49%) to 3,253.05. The Russell 2000 was up 5.29 points (0.32%) at 1,663.59, and the Wilshire 5000 gained 146.57 points (0.44%) to finish at 33,135.09. The price of the 10-year Treasury note decreased 26/32, bringing its yield up to 1.871%. The price of the 30-year Treasury bond fell 32/32, increasing its yield to 2.357%.
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