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Weekday news and analysis for retirement plan advisers
Friday, April 01, 2022
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Ruling Permits Key Parts of Pentegra ERISA Suit to Proceed
A new order has been issued in an Employee Retirement Income Security Act lawsuit filed against Pentegra Retirement Services in the U.S. District Court for the Southern District of New York, granting in part the defense’s motion to dismiss but siding mostly with the plaintiffs.
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New OneDigital Adviser on Succession, Growth and More
For one advisory shop, the start of discussions about succession planning quickly led to deeper questions and, eventually, a major step forward for the firm and its staff.
Today’s Most Read
1. Many Providers Are Prioritizing Participant Financial Advice in 2023
2. A Reminder to Avoid Fraudulent Hardship Withdrawals
3. OneDigital Acquires $500M Florida Retirement and Wealth Management Shop
Investment Product and Service Launches
Annexus Retirement Solutions launches target-date funds designed to deliver retirement income; AIG announces strategic partnerships with BlackRock; and Columbia Threadneedle Investments launches a semiconductor and technology ETF.
2021 Was Another Banner Year for Retirement Savers
Employer-sponsored retirement plans and individual retirement accounts reached almost $40 trillion in total assets by the end of last year, even as a recovering economy faced some key pain points, according to new data released by the Investment Company Institute.
Best Execution Standard
Professionals must meet this bar, to apply PTE 2020-02.
Notice of Proposed Rulemaking Updates MEP ‘One Bad Apple’ Rule
New regulations would apply to multiple employer plans that are either maintained by employers that have a ‘common interest’ or have a ‘pooled plan provider.’
Market Mirror Market Mirror Graph

Thursday, the Dow lost 550.46 points (1.56%) to finish at 34,678.35, the Nasdaq closed 221.76 points (1.54%) lower at 14,220.52, and the S&P 500 dropped 72.04 points (1.57%) to 4,530.41. The Russell 2000 decreased 20.94 points (1.00%) to 2,070.13, and the Wilshire 5000 fell 703.03 points (1.52%) to 45,617.40.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 2.340%. The price of the 30-year Treasury bond increased 4/32, bringing its yield down to 2.458%.

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