Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 30th, 2019

When Firm Culture Matters as Much as Revenue

The inside story of the acquisition of Blue Prairie Group by Cerity Partners shows the foundational importance of long-term relationships and enthusiastic staffers in steering industry M&A activity. Read more >
Vanderbilt Settlement Agreement Prohibits Data-Based Cross Selling
Plan fiduciaries have agreed to prohibit service providers from using data generated in serving the plan to market or sell unrelated products to Vanderbilt 403(b) plan participants. Read more >
Advisory Firm Wins Partial Summary Judgement in Mixed ERISA Ruling
The advisory firm of Slocum & Associates will not face class-action claims and has prevailed on some summary judgement arguments, but the ruling allows certain individual claims to proceed. Read more >
Succession Planning Comes to the Fore
According to Pierre Caramazza, head of the private wealth division at Franklin Templeton Investments, developing a succession plan is “one of the most important activities registered investment advisers can undertake.” Read more >
2023 Retirement Plan Adviser of the Year Finalists
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Retirement Advisers Increasingly Want PEP Option in Toolbox
Complying With the Custody Rule and the New Custody Proposal
If I Had a Million Dollars
One million seems like a massive sum of money, but when it comes to retirement, we know those who have that amount aren’t traditionally rich, per se. The purchasing power of $1 million, given a 4% drawdown rate over 25 years, provides an annual “income” or “salary” of $40,000. Read more >
Greater Access to DC Plans
Open MEPs and FinTech make plans more available. Read more >
Market Mirror
Monday, the Dow was up 11.06 points (0.04%) at 26,554.39, the NASDAQ increased 15.46 points (0.19%) to 8,161.85, and the S&P 500 closed 3.15 points (0.11%) higher at 2,943.03. The Russell 2000 gained 6.54 points (0.41%) to finish at 1,598.36, and the Wilshire 5000 climbed 44.44 points (0.15%) to 30,415.56. The price of the 10-year Treasury note was down 7/32, increasing its yield to 2.526%. The price of the 30-year Treasury bond decreased 22/32, bringing its yield up to 2.958%.
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