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Weekday news and analysis for retirement plan advisers
Tuesday, April 13, 2021
Exclusives | Awards | Research | Events
Judge Finds in Favor of Principal Life’s Process for Setting GIC Crediting Rate
Principal prevailed in a lawsuit that alleged it set the crediting rate for a guaranteed investment contract (GIC) such that it could “retain unreasonably large and/or excessive profits.”
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The Most Common Retirement Plan Testing Mistakes
By alerting plan sponsors to the issues they see most often, advisers can help their clients navigate IRS testing rules.
Today’s Most Read
1. Franklin Templeton to Acquire Putnam for $925 Million
2. Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
3. Smart Acquires Managed Account Provider ProManage
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Excessive Fee Lawsuit Settled for $2.3 Million
Brenntag North America denied any wrongdoing regarding the alleged failures that plaintiffs said caused excessive investment and recordkeeping fees in its retirement plan.
Upcoming Webinar: ESG and ERISA Plans
We will discuss how asset managers are putting environmental, social and governance investing themes to work. Particular attention will be paid to the regulatory environment and the potential to pursue greater investment returns by seeking out companies with higher ESG ratings.
How 3(38) Advising Profits Clients
Investment management turns up inefficiencies, takes on some risk, and more.
Betterment’s 401(k) Partners With Bennie to Improve Financial Wellness
The partnership creates a single, easy-to-navigate platform where participants can access all their benefits information.
Market Mirror Market Mirror Graph

Yesterday, the Dow closed 55.20 points (0.16%) lower at 33,745.40, the Nasdaq lost 50.19 points (0.36%) to finish at 13,850.00, and the S&P 500 was virtually unchanged at 4,127.99. The Russell 2000 lost 9.69 points (0.43%) to finish at 2,233.78, and the Wilshire 5000 decreased 14.96 points (0.03%) to 43,273.29.


The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.671%. The price of the 30-year Treasury bond decreased 2/32, bringing its yield up to 2.343%.

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