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 > | | LT Trust Launches Enhanced Service Suite | LT Trust has announced a series of enhancements to its 401(k) product, including a redesigned fee structure and the assignment of a dedicated relationship manager for every adviser and plan sponsor client.
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 | Monday, the Dow gained 174.31 points (0.60%) to finish at 29,276.82, the NASDAQ increased 107.88 points (1.13%) to 9,628.39, and the S&P 500 was up 24.38 points (0.73%) at 3,352.09. The Russell 2000 gained 10.89 points (0.66%) to 1,667.67, and the Wilshire 5000 closed 242.18 points (0.72%) higher at 34,070.16.
The price of the 10-year Treasury note increased 2/32, bringing its yield down to 1.564%. The price of the 30-year Treasury bond climbed 4/32, decreasing its yield to 2.030%.
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