Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 2nd, 2020

Staying Audit Ready in a Turbulent Time

As one might expect, what the Department of Labor (DOL) and the Securities and Exchange Commission (SEC) are particularly interested in is how advisers are paid. Read more >
CARES Act Update: A Few Important Points About Required Minimum Distributions
First the SECURE Act and now the CARES Act have made important changes to the rules for required minimum distributions from individual retirement accounts and 401(k)s. Read more >
‘Made to Stick’
Default investment acceptance increases marginally for target-date funds with lower expense ratios, lower levels of equity risk and higher relative performance–expense ratio having the largest effect among the three. Read more >
Discovery and Trial Ordered In Teva Pharma ERISA Challenge
The text of the pro-plaintiff ruling offers a helpful history lesson about several precedent-setting cases that continue to define the borders of the ERISA litigation landscape. Read more >
Barnabas Health Latest to Settle ERISA Suit
The Role of the 401(k) in Today’s Tight Labor Market
Excessive Fee ERISA Complaint Targets Cook Group
Retirement Industry People Moves
MITRE Corp. Faces Familiar ERISA Fiduciary Breach Allegations
Voya Offers Resources to Address Financial Challenges
Through September 30, Voya will credit CARES Act-related transaction fees to DC plan participants and offer financial education to Americans. Read more >
Cetera Helps Advisers Navigate Business During Pandemic
The Advisor Resiliency Pack suite of services is designed to help advisers grow and enhance client engagement as well as manage their business operations through the effects of COVID-19. Read more >
The PLANADVISER Retirement Plan Adviser Survey
Advisers’ “most preferred” funds—i.e., each voter’s first choice—make up a much narrower list—only 32 funds, just six of which were cited five or more times. Those are Fidelity 500 Index Fund, PIMCO Income Fund, T. Rowe Price Blue Chip Growth Fund, T. Rowe Price Target Date Funds, Vanguard 500 Index Fund and Vanguard Target Retirement Funds. Read more >
Market Mirror
Wednesday, the Dow lost 973.65 points (4.44%) to finish at 20,943.51, the NASDAQ closed 339.52 points (4.41%) lower at 7,360.58, and the S&P 500 decreased 114.09 points (4.41%) to 2,470.50. The Russell 2000 dropped 81.11 points (7.03%) to 1,071.99, and the Wilshire 5000 fell 1,188.89 points (4.59%) to 24,711.04. The price of the 10-year Treasury note increased 29/32, bringing its yield down to 0.607%. The price of the 30-year Treasury bond climbed 2 1/32, decreasing its yield to 1.252%.
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