Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 6th, 2020
Trading Jitters Hit 401(k) Plans
Asset classes with the most trading inflows in January included bond funds, which took in 77% of the inflows, valued at $289 million, followed by target-date funds (TDFs) (12% and $46 million) and international equity funds (7% and $26 million). Read more >
Principal GIC Lawsuit Revived by Appellate Court
The original lawsuit accuses Principal Financial Group of violating ERISA by setting the crediting rate for a guaranteed investment contract (GIC) such that it can “retain unreasonably large and/or excessive profits.” Read more >
How Is an Advisory Practice’s Value Measured?
According to reports from PwC, Fidelity and others, across the RIA and IBD channels, there were nearly 140 transactions last year representing more than $781 billion, with transactions up 43% and assets transacted up 38% compared to full year 2018. Read more >
MOST READ ARTICLES
1
Three New ERISA Lawsuits Bash Actively Managed TDFs
2
$300 Million Plan Faces ERISA Fiduciary Breach Lawsuit
3
Another Lawsuit Challenges Use of Untested CITs in 401(k) Plan
4
Attorneys Offer Closer Reading of DOL’s Open MEP RFI
5
DOL Aims to Quickly Simplify Conflict of Interest Framework
Sponsored message from Mass Mutual
The Future of Financial Wellness?
Click here to watch the full discussion. Read more >
Voya Left With One Claim to Fight in Excessive Fee Suit
A federal judge found Voya is a fiduciary with respect to the 404a-5 participant fee disclosures it provides for the retirement plan in which the plaintiff participates. Read more >
PLANADVISER Practice Benchmarking Survey
Our definitive annual report on how retirement plan advisers run their practices, particularly with respect to recommending funds, providing individual advice to plan participants and serving as a fiduciary. Read more >
Market Mirror
Wednesday, the Dow gained 483.22 points (1.68%), finishing at 29,290.85. The NASDAQ increased 40.71 points (0.43%) to 9,508.68, and the S&P 500 gained 37.10 points (1.13%) to finish at 3,334.69. The Russell 2000 closed 25.15 points (1.52%) higher at 1,681.92, and the Wilshire 5000 increased 314.17 points (0.93%) to 33,923.85. The price of the 10-year Treasury note fell 27/32, bringing its yield up to 1.658%. The price of the 30-year Treasury bond fell 13/32, increasing its yield to 2.140%.
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