Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 14th, 2019
Neuberger Berman ERISA Complainants Get Another Chance
The text of the decision highlights that Federal Rule of Civil Procedure 15 provides that a court may permit a party to amend its pleadings “when justice so requires,” and absent special circumstances, such leave should be “freely given.” Read more >
Will Your Clients Attend PSNC 2019?
One of the benefits for plan sponsors of attending the upcoming PLANSPONSOR National Conference is the opportunity to learn from peers. This year’s conference includes a special session featuring Southwest Airlines, winner of the 2019 Plan Sponsor of the Year – Total Retirement Offering award, with recordkeeping partner Empower. The culture of Southwest and the culture of the plan are one in the same, leading to a successful retirement program with a median participant retirement income score of more than 100%. Read more >
A Better DC Plan Core Investment Menu
Automated asset-allocation solutions designed for retirees are indeed popular, but the majority of defined contribution plan participants still use the core investment menu. Read more >
DB Plan Sponsors Must Include More Information in Reportable Events Filings
Controlled group information, company financial statements, and the defined benefit (DB) plan’s actuarial valuation report; some of all of this information will be added to five reportable events. Read more >
Franklin Templeton to Acquire Putnam for $925 Million
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
Smart Acquires Managed Account Provider ProManage
Recordkeeper “House” Investment Options Worth a Look, But Carefully, Advisers Say
FINRA Fines Vanguard for Overstating Money Market Projections
Investors Continue Moving from Equities into Fixed Income
April marks the 15th month in a row that 401(k) investors have been fleeing equities for the safety of fixed income, Alight says. Read more >
2019 PLANADVISER Micro Plan Survey
A look at the many services that retirement plan advisers provide to micro plans, i.e. those with less than $5 million in assets, particularly review of fund performance and plan investment selection guidance. Read more >
Principal Launches New Retirement Plan Package Aimed at Small Plans
The firm says it offers features often reserved for large plans, such as fiduciary support and interactive, digital tools. Read more >
Market Mirror
Yesterday, the Dow fell 617.38 points (2.38%) to finish at 25,324.99, the NASDAQ lost 269.92 points (3.41%) to finish at 7,647.02, and the S&P 500 closed 69.53 points (2.41%) lower at 2,811.87. The Russell 2000 shed 49.99 points (3.18%) to finish at 1,523.00, and the Wilshire 5000 plummeted 760.93 points (2.55%) to 29,040.67. The price of the 10-year Treasury note increased 17/32, bringing its yield down to 2.407%. The price of the 30-year Treasury bond climbed 32/32, decreasing its yield to 2.838%.
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