April 14th, 2020

Alight Solutions, Abbott Lab Sued for Cyber Breach The defendants allegedly failed to enforce an online security question routine, in turn allowing an unknown individual to steal hundreds of thousands of dollars from an Abbott Labs stock plan investor. Read more > Coronavirus Updates for Plan Advisers Focused editorial analysis of market movements, business challenges and legislative and regulatory actions. Read more > Men as Advocates Given the increase in women joining the workforce, and today’s focus on diversity and inclusion, it’s more important than ever that we in the retirement industry work together to foster employing women in our firms. Women in Pensions Network (WiPN) recently launched “Men as Advocates” to give men the opportunity to get more involved in our mission: to help women succeed at all levels of the industry. Read more > MOST READ ARTICLES 1 Experts Predict Major Growth in Retirement Coverage, Benefits 2 Why 529 Education Savings Plans Are More Valuable Than Ever 3 Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans 4 Biden’s First Veto Keeps DOL’s ESG Rule in Place 5 A Reminder to Avoid Fraudulent Hardship Withdrawals

Sponsored message from Invesco The Forgotten Participant Examining defined contribution participant investing behaviors and decision-making. Read more > Envestnet Offering its Financial Planning Tool for Free Envestnet | MoneyGuide is offering its MyBlocks financial planning tool for free so consumers can work with an adviser to explore planning solutions. Read more > Pentegra Is Latest Provider to Waive Coronavirus Amendment Fees The firm also says it has designed a process that will make adopting hardship and loan relief provisions as seamless as possible. Read more > Market Mirror Yesterday, the Dow fell 328.60 points (1.39%) to 23,390.77, the NASDAQ was up 38.85 points (0.48%) at 8,192.43, and the S&P 500 closed 28.19 points (1.01%) lower at 2,761.63. The Russell 2000 increased 20.38 points (1.71%) to 1,212.04, and the Wilshire 5000 lost 291.30 points (1.04%) to finish at 27,647.63. The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.755%. The price of the 30-year Treasury bond decreased 1 2/32, bringing its yield up to 1.393%.

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