Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 9th, 2019

When People Need a Head Start

After learning about the work of Head Start, George P. Fraser decided to provide financial education to parents of students in the program and build a scholarship fund for the teachers employed there. Read more >
Plugging the Leak: Uncashed Distribution Checks
Drip… drip… drip. The slow drip of defined contribution plan leakage continues. Read more >
Lower Court Says 2nd Circuit Should Decide Regulation Best Interest Lawsuits
It is well-established that clauses containing a specific statutory grant of jurisdiction to the court of appeals should be construed in favor of review by the court of appeals. Read more >
CareerBuilder Faces 401(k) Excessive Fee Suit
The proposed class action lawsuit alleges plan fiduciaries allowed the plan’s recordkeepers and its investment adviser and/or trustee to receive excessive and unreasonable compensation. Read more >
Biden’s First Veto Keeps DOL’s ESG Rule in Place
Experts Predict Major Growth in Retirement Coverage, Benefits
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
Why 529 Education Savings Plans Are More Valuable Than Ever
Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans
Sponsored message from T. Rowe Price
It’s Time to Get Serious About Retirement Income Solutions
Thoughtful consideration of a participant’s journey, both up to and through retirement, can help participants meet their retirement goals—and better position plans to retain assets. Read more >
Portions of SunTrust ERISA Lawsuit Will Proceed
After ruling on motions about the reliability of certain expert testimony, an expansive decision issued in an ERISA lawsuit filed against SunTrust Bank dismisses some claims but allows others to proceed. Read more >
Through the ‘Window’
For a small contingent of employees determined to chart their own investment course, TDFs hold less appeal. Read more >
Market Mirror
Tuesday, the Dow lost 313.98 points (1.19%) to finish at 26,164.04, the NASDAQ closed 132.52 points (1.67%) lower at 7,823.78, and the S&P 500 decreased 45.73 points (1.56%) to 2,93.06. The Russell 2000 was down 25.19 points (1.68%) at 1,472.60, and the Wilshire 5000 fell 471.51 points (1.57%) to 29,504.99. The prices of the 10-year Treasury note and 30-year Treasury bond were each up 3/32, decreasing their yields to 1.535% and 2.037%, respectively.
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