April 24th, 2019

Revenue Sharing, Soft Fees Questioned in Latest ERISA Suit Beyond the issue of excessive compensation, the lawsuit questions the collection of “float interest” and asks whether BTG International permitted a provider to create a “captive market for 401(k) rollovers.” Read more > The Future Open-MEP Market There are two potential pathways for the broad adoption of open multiple employer plans by small businesses, one driven by advisers and the other by recordkeepers. Read more > Council Finds Noncompliance With ERISA Fidelity Bond Rules For this reason, the ERISA Advisory Council is recommending that the Department of Labor relaunch the updated rules it published in Field Assistance Bulletin (FAB) 2008-04. Read more > MOST READ ARTICLES

Vanderbilt 403(b) Plan Suit Settlement Includes Non-Monetary Relief Vanderbilt will conduct a request for proposals for a new recordkeeper, among other things. Read more > Monitoring DC Plan Fund Menus Important for Participant Outcomes It is important for plan fiduciaries to know what to consider for placing a fund on watch or replacing it. Read more > Market Mirror Tuesday, the Dow gained 145.34 points (0.55%) to finish at 26,656.39, the NASDAQ closed 105.56 points (1.32%) higher at 8,120.82, and the S&P 500 increased 25.71 points (0.88%) to 2,933.68. The Russell 2000 was up 25.05 points (1.61%) at 1,585.09, and the Wilshire 5000 climbed 290.64 points (0.97%) to 30,300.67. The price of the 10-year Treasury note was up 7/32, decreasing its yield to 2.565%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 2.980%.

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