| 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.
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| 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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