April 11th, 2019

Boeing Faces ERISA Lawsuit Over 737 MAX Issues The complaint says Boeing should have warned defined contribution plan participant invested in the company’s stock that issues the company was having caused the stock price to be inflated. Read more > CIGNA Cash Balance Participants Say Company Is Not Following Court Orders Plaintiffs in the long-standing Amara v. CIGNA case say the company is using alternative methods than what a court ordered to calculate cash balance plan benefits that would take away “hundreds of millions of dollars in the relief provided to remedy CIGNA’s disclosure violations.” Read more > Few Fully Bundled Mega Plans Remain Fewer than one in ten “mega plans,” those with assets greater than $1 billion, had a fully bundled structure as of the end of 2018, according to new data provided by Callan. Read more > MOST READ ARTICLES

New Index Asks, Who Is Actually Very Confident About Retirement? In order to boost Americans’ retirement outlook, there are a number of practical things that retirement plan advisers and sponsors can do, Jamie Ohl, president of the retirement business at Lincoln Financial Group, tells PLANADVISER. Read more > Tools, Not Just Education, Improve Recordkeeper Financial Wellness Offerings “More robust programs—which go beyond just education—tend to cost more for plan sponsors. But, they include features such as on-site support, account aggregation, budget tracking and goal setting,” says Clair Daly, Corporate Insight. Read more > Market Mirror Tuesday, the Dow gained 6.58 points (0.03%) to finish at 26,157.16, the NASDAQ increased 54.97 points (0.70%) to 7,964.24, and the S&P 500 was up 10.01 points (0.35%) at 2,888.21. The Russell 2000 gained 21.87 points (1.40%) to 1,581.55, and the Wilshire 5000 closed 149.80 points (0.50%) higher at 29,860.78. The price of the 10-year Treasury note was up 10/32, decreasing its yield to 2.467%, and the price of the 30-year Treasury bond increased 13/32, bringing its yield down to 2.895%.

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