Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 12th, 2020

Washington Update: Industry Turns Attention to Portman-Cardin Bill

“ICI supports efforts in Congress to seize on the momentum of the SECURE Act,” Barone Chism says. Many of the provisions in the Retirement Security and Savings Act, proposed by Senators Rob Portman, R-Ohio, and Ben Cardin, D-Maryland, “are very complementary to the SECURE Act.” Read more >
CAPTRUST Acquires Fountain Financial Associates
The team of 10 employees, including five advisers, joins CAPTRUST’s wealth management practice, adding $654 million in assets under management. Read more >
The Risk of Cyberfraud
Criminals attempting to steal employees’ benefits is not a new issue. However, the means by which they commit such crimes have changed with the advancement of technology and how benefits are paid. Read more >
What to Know Before Selling or Buying
How is an advisory practice’s value measured? What determines the revenue measurement—or the multiple? Read more >
Estate Plan Essentials
What should advisers understand about the patterns of inheritance, and how can they be prepared to help their clients make the most of any windfall? Read more >
Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation
More TDF Underperformance ERISA Lawsuits Filed
Dover Corporation Faces ERISA Suit Over Managed Account Fees
The Future of Work in the Investment Industry
Lawsuit Against Northern Trust Over TDFs Will Proceed
Sponsored message from Mass Mutual
The Future of Financial Wellness?
Click here to watch the excerpt. Read more >
NQDC Guidance
Typically, NQDC plan sponsors purchase corporate-owned mutual funds or corporation-owned life insurance to fund their plan. Whatever their method, sponsors commonly fail to understand that benefits payable under an NQDC plan are a liability on their balance sheet. Read more >
New Tool Translates Retirement Savings to Projected Monthly Value
Pacific Life’s Retirement Income Translator also creates a two-minute personalized video that aims to illustrate the potential benefits of protected lifetime retirement income through an annuity. Read more >
Market Mirror
Tuesday, the Dow was virtually unchanged at 29,276.34, the NASDAQ was up 10.55 points (0.11%) at 9,638.94, and the S&P 500 increased 5.66 points (0.17%) to 3,357.75. The Russell 2000 closed 9.85 points (0.59%) higher at 1,677.52, and the Wilshire 5000 gained 100.80 points (0.30%) to finish at 34,170.98. The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.596%. The price of the 30-year Treasury bond decreased 27/32, bringing its yield up to 2.063%.
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