Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 5th, 2019
Senator Introduces Bill to Encourage Faster Student Debt Payoff
Senator Rand Paul, R-Kentucky, introduced S. 2962, the Higher Education Loan Payment and Enhanced Retirement (HELPER) Act, aimed at helping Americans more quickly and easily pay off their student loan debt and save more money for retirement. Read more >
PIMCO Discovers Error in Fund Fee Waiver
PIMCO is now in the process of reimbursing investors affected by the miscalculation, both from the additional fees and the incremental amount of the estimated foregone performance the fees caused, plus interest. Read more >
Advisers Giving Back: Innovest’s Culture of Compassion
Innovest Portfolio Solutions deploys its staff as volunteers throughout the year for a wide variety of charities in the Denver area; they also work with economically disadvantaged students to provide valuable work experience and help pay for their tuition. Read more >
Three New ERISA Lawsuits Bash Actively Managed TDFs
$300 Million Plan Faces ERISA Fiduciary Breach Lawsuit
Another Lawsuit Challenges Use of Untested CITs in 401(k) Plan
Attorneys Offer Closer Reading of DOL’s Open MEP RFI
DOL Aims to Quickly Simplify Conflict of Interest Framework
Sponsored message from CUNA Mutual Retirement Solutions
Millennial Myths & Realities
Strategies for Strengthening and Expanding Client Relationships Read more >
2019 PLANADVISER Recordkeeper Services Survey
Recordkeepers’ consistent evolution has led them to offer a wide range of investments, technology and servicing options today. Read more >
Limited 529 Plan Knowledge Holds Savers (and Advisers) Back
Educating people about the plans is important, as a recent Edward Jones survey found that only 29% of Americans know what the purpose of these plans are. Read more >
Market Mirror
Wednesday, the Dow gained 146.97 points (0.53%) to finish at 27,649.78, the NASDAQ closed 46.03 points (0.54%) higher at 8,566.67, and the S&P 500 increased 19.56 points (0.63%) to 3,112.76. The Russell 2000 was up 11.27 points (0.70%) at 1,613.90, and the Wilshire 5000 climbed 187.26 points (0.59%) to 31,727.95. The price of the 10-year Treasury note decreased 27/32, bringing its yield up to 1.773%. The price of the 30-year Treasury bond fell 1 3/32, increasing its yield to 2.223%.
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