July 17th, 2019

GWU Lawsuit Dismissed for Lack of Standing In a case alleging George Washington University violated ERISA fiduciary duties with regard to retirement plan fees, a federal judge found the plaintiff had waived her right to sue in a previous agreement. Read more > Advisers Should Check Individual Investors’ Unfounded Optimism Individual investors expect roughly twice the yearly returns forecast by their advisers and investment managers. Read more > The Cost of Advising One’s Own Plan The receipt of a fee for services to your plan is a prohibited transaction. However, you can avoid a prohibited transaction by providing the services to the plan without charge. Read more > MOST READ ARTICLES 1 2023 Retirement Plan Adviser of the Year Finalists 2 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 3 With SECURE 2.0, the Cash Balance DB Plan May Be Back 4 Retirement Advisers Increasingly Want PEP Option in Toolbox 5 Complying With the Custody Rule and the New Custody Proposal

401(k)s See Heaviest Quarter of Net Trading Since 2016 For the 17th straight month, 401(k) investor trades have favored fixed income, according to the Alight Solutions 401(k) Index. Read more > A Convergence of Retirement Plan and Wealth Consulting Retirement plan advisers with any significant experience will have run into the fundamental question of how to structure a practice that can effectively serve both private wealth management clients and institutional retirement plan clients. Read more > Company Matches on the Rise By far, matches are most commonly distributed each pay period, as cited by 76.6% of employers, the DC Plan Benchmarking Report says. Read more > Market Mirror Tuesday, the Dow was down 23.53 points (0.09%) at 27,335.63, the NASDAQ lost 35.39 points (0.43%) to finish at 8,222.80, and the S&P 500 closed 10.26 points (0.34%) lower at 3,004.04. The Russell 2000 was virtually unchanged at 1,561.99, and the Wilshire 5000 decreased 94.17 points (0.30%) to 30,884.17. The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.112%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 2.623%.

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