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August 7th, 2019 |
Competitors PCS and Aspire Combine in Latest Recordkeeper Acquisition |
PCS and Aspire, both founded nearly two decades ago with the common goal of providing specialized services to investment fiduciaries, will join together to achieve the benefits of scale in an increasingly competitive marketplace.
Read more > | | Top Advisers in the Hot Seat | Have a pressing question you want to ask some of the best advisers in the country? Representatives from 2019 Retirement Plan Advisers of the Year answer audience questions about their practices, client services, team structure, and whatever else the audience cares to ask. Joshua Itzoe, Partner & Managing Director, Greenspring Advisors, will moderate the discussion featuring Vincent Morris, president, Resources Investment Advisors; Jason K. Chepenik, managing partner, Chepenik Financial; Ellen Lander, principal and founder, Renaissance Benefits Advisors Group, LLC; and David T. Griffin, director of institutional retirement plans, Atlanta Retirement Partners/LPL Financial.
Read more > | | Schlichter-Counseled ERISA Plaintiffs Reach $14M Settlement |
John Hopkins University will settle a long-standing ERISA lawsuit—one of a number of virtually identical cases filed in district courts across the country by Schlichter, Bogard and Denton.
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Sponsored message from Ascensus | Redefining Wellness: It Starts with the Employer | When it comes to benefit program delivery, the definition of “wellness” is about to change. Click to learn more:
Read more > | | PBGC Reports Dire Situation for Multiemployer Program | “The multi-employer plan remains in dire condition,” says PBGC Director Gordan Hartogensis. “The financial condition of PBGC’s multi-employer program will continue to worsen in the next years.”
Read more > | | With Sprawling Responsibility, DOL Needs an Effective Leader | “One thing that is clear is that Eugene Scalia has worked in the trenches of a large number of labor issues for many years and would, therefore, bring to the post a significant level of personal understanding of how to enact President Trump’s deregulatory agenda,” says Brian Netter, a partner in the Washington office of Mayer Brown’s litigation and dispute resolution practice and co-chair of the ERISA litigation practice.
Read more > | | Market Mirror | Tuesday, the Dow recovered 311.78 points (1.21%) to finish at 26,029.52, the NASDAQ closed 107.23 points (1.39%) higher at 7,833.27, and the S&P 5000 increased 37.03 points (1.30%) to 2,881.77. The Russell 2000 was up 14.67 points (0.99%) at 1,502.09, and the Wilshire 5000 gained 365.04 points (1.25%) to finish at 29,578.59.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.717%. The price of the 30-year Treasury bond increased 4/32, bringing its yield down to 2.239%.
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