April 13th, 2020

Bear Markets and DC Plan Drawdown Strategies One silver lining in the economic fallout of the coronavirus pandemic in the United States is the opportunity to re-educate people about risk and the role of guarantees. Read more > Securian Waives COVID-19 and Hardship Withdrawal Fees The firm is also offering free fiduciary and wellness services to employers. Read more > OneAmerica Waives Hardship Fees The recordkeeper is making the move in response to the CARES Act Read more > MassMutual Removes Fees on Hardship Distributions and Loans COVID-19-related distributions will be capped at $100,000 with no mandatory tax withholding requirements and the ability to repay them. Read more > MOST READ ARTICLES 1 Plaintiffs Claim Deloitte Breached ERISA Prudence Duties 2 Only 31% of Hispanic Workers Participate in a Workplace Retirement Plan 3 TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges 4 A Year of Disruption Spotlights Tech, Cybersecurity 5 Well-Funded HSAs Are a Retirement 'Superpower'

Retirement Industry People Moves Mercer adds health and benefits consultant in California office, and Ascensus names retirement plan VP for western division. Read more > Investment Product and Service Launches BNY Mellon expands investment lineup with ETFs, and American Century launches actively managed ETFs. Read more > Market Mirror Thursday, the Dow increased 285.80 points (1.22%) to 23,719.37, the NASDAQ was up 62.67 points (0.77%) at 8,153.58, and the S&P 500 closed 39.84 points (1.45%) higher at 2,789.82. The Russell 2000 climbed 55.06 points (4.62%) to 1,246.73, and the Wilshire 5000 gained 481.85 points (1.75%) to finish at 27,938.90.   The price of the 10-year Treasury note increased 26/32, bringing its yield down to 0.729%. The price of the 30-year Treasury bond was up 8/32, decreasing its yield to 1.350%.   For the week ending April 9, the Dow finished 12.67% higher, the NASDAQ was up 10.59%, and the S&P 500 increased 12.10%. The Russell 2000 climbed 18.50%, and the Wilshire 5000 gained 12.95%.

Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise ©2021 Asset International, Inc. All rights reserved. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850