Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 13th, 2019

Workplace and Retail Advice Should be Complementary

Workers higher up on the income scale typically will utilize workplace retirement advice to get a trusted second opinion, as many of them have an outside primary adviser or broker. Lower-income workers, on the other hand, are more likely to use workplace advice as the lead resource. Read more >
Judge Denies Jury Trial in Massachusetts Institute of Technology ERISA Case
Comparing Employee Retirement Income Security Act (ERISA) cases to trust law cases, a federal judge decided to side with “the great weight of authority in the federal courts holding actions under ERISA to remedy alleged violations of fiduciary duties are equitable in nature,” so there is no right to a jury trial. Read more >
Supreme Court Asked to Answer ‘Actual Knowledge’ ERISA Question
The question of what facts or actions create “actual knowledge” of alleged wrongdoing, recently tested in the 9th Circuit, are critical in ERISA litigation and play a key role when judges are asked to time-bar claims. Read more >
Participants Favored Fixed Income in February
On 89% of the trading days, 401(k) participants moved the majority of their money into fixed income, according to the Alight Solutions 401(k) Index. Read more >
2023 Retirement Plan Adviser of the Year Finalists
A Reminder to Avoid Fraudulent Hardship Withdrawals
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Small Businesses and SECURE 2.0: Exemptions and Tax Credits
Retirement Industry People Moves
Business Owners Seeking Adviser Help With HSAs
Just over half think health care will be the biggest expense in retirement, a Nationwide Retirement Institute survey found. Read more >
FPA Course Teaches Advisers to Provide College Funding Advice
The Financial Planning Association is offering the eight-module, online course in partnership with Capstone College Partners. Read more >
Marker Mirror
Tuesday, the Dow closed 96.22 points (0.38%) lower at 25,554.66, the NASDAQ increased 32.97 points (0.44%) to 7,591.03, and the S&P 500 was up 8.22 points (0.30%) at 2,791.52. The Russell 2000 was virtually unchanged at 1,549.83, and the Wilshire 5000 gained 76.42 points (0.27%) to finish at 28,905.15. The price of the 10-year Treasury note increased 12/32, bringing its yield down to 2.600%. The price of the 30-year Treasury bond climbed 27/32, decreasing its yield to 2.987%.
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