Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 23rd, 2019
DOL Proposes New Electronic Disclosure Rule
The new rule would offer a safe harbor for sponsors that want to make retirement plan disclosures available on websites. Read more >
DOL, IRS Guidance and Enforcement May Change Under Executive Orders
Two executive orders could lead to more formal guidance and a halt on enforcement without proper guidance in place, attorneys from Groom Law Group explain. Read more >
Hardship Withdrawals Climb 40%
The Bipartisan Budget Act is seen as the catalyst. Read more >
Stimulus Bill Extends Some Provisions of the CARES Act
Practice Management: Areas of Success
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Lockton and Norton Healthcare Agree to Pay $5.75M ERISA Settlement
SEC Chair Nominee Gensler Faces Senate Scrutiny Tuesday
Sponsored message from State Street Global Advisors
From Big to All:
Our 5 year target date mutual fund series milestone shows our evolution from institutional to everyone. Read more >
American Academy of Actuaries, SOA Update Longevity Illustrator
Understanding how long they may live opens up important retirement planning discussions with clients. Read more >
As to asset allocation by investment vehicle, the landscape remains stable. Mutual funds again dominate, comprising 60.5% of DCIO assets; 19.5% is in separately managed accounts and 19.5% in collective investment trusts (CITs). Read more >
Cetera Expands Fee-for-Service Payment Model to 401(k) Advice
According to Cetera, fee-for-service payment models that provide the option for a one-time or subscription-based payment allow Cetera advisers to broaden access to an Advice-Centric Experience to more investors nationwide. Read more >
Market Mirror
Tuesday, the Dow was down 39.54 points (0.15%) at 26,788.10, the NASDAQ lost 58.69 points (0.72%) to finish at 8,104.30, and the S&P 500 closed 10.73 points (0.36%) lower at 2,995.99. The Russell 2000 was virtually unchanged at 1,550.87, and the Wilshire 5000 decreased 105.19 points (0.34%) to 30,544.83. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.764%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 2.257%.
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