Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
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
$300 Million Plan Faces ERISA Fiduciary Breach Lawsuit
2
Three New ERISA Lawsuits Bash Actively Managed TDFs
3
Another Lawsuit Challenges Use of Untested CITs in 401(k) Plan
4
DOL Aims to Quickly Simplify Conflict of Interest Framework
5
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
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%.
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