Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 1st, 2019
Tussey vs. ABB Fee Litigation Saga Draws to a Close
There are an abundance of lessons to be learned by examining the many twists and turns of Tussey vs. ABB, one of the original examples of retirement plan fee litigation filed under ERISA. Read more >
‘SECURE Act’ May Advance Soon in House, Mirroring ‘RESA’
Among the proponents of the retirement enhancement legislation is the Insured Retirement Institute, which expects the Ways and Means Committee to advance the new bill as soon as the first week of April. Read more >
Senators Ask the Administration Why It Has Flipped on Retiree Payout
Murray’s and Wyden’s letter questions why employers will be allowed to offload pension liabilities and transfer risk to retirees. Read more >
Retirement Industry People Moves
Horizon Investments names head of portfolio management; FS Investments names chief technology and operations officer; and more. Read more >
Barnabas Health Latest to Settle ERISA Suit
The Role of the 401(k) in Today’s Tight Labor Market
Excessive Fee ERISA Complaint Targets Cook Group
Retirement Industry People Moves
MITRE Corp. Faces Familiar ERISA Fiduciary Breach Allegations
Investment Product and Service Launches
Principal Financial Group launches the Principal Guaranteed Option, while Charles Schwab introduces subscription pricing for robo-advice. Read more >
Various Approaches to In-Plan Income
Providers may offer the wrong solution for sponsors’ needs Read more >
Market Mirror
Friday, the Dow climbed 211.22 points (0.82%) to 25,928.68, the NASDAQ closed 60.16 points (0.78%) higher at 7,729.32, and the S&P 500 increased 18.96 points (0.67%) to 2,834.40. The Russell 2000 was up 4.63 points (0.30%) at 1,539.74, and the Wilshire 5000 gained 183.15 points (0.63%) to close at 29,266.98.   The price of the 10-year Treasury note was down 5/32, increasing its yield to 2.410%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 2.818%.   WEEK’S WORTH: For the week ending March 29, the Dow gained 1.67%, the NASDAQ was up 1.13%, and the S&P 500 increased 1.20%. The Russell 2000 climbed 2.25%, and the Wilshire 5000 finished 1.24% higher.
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