Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 20th, 2020
Providers Seek to Set a Positive Tone Amid COVID-19 Pandemic
From big hiring plans to targeted fee cuts, retirement plan service providers are doing their best to help plan sponsor clients and intermediaries navigate this crisis. Read more >
M&A Process Evolves Amid COVID-19 Pandemic
As market volatility and the COVID-19 pandemic unfolded in March, merger and acquisition activity slowed, raising the obvious question of how the record pace of deals will be affected by the coronavirus pandemic. Read more >
Liberty Mutual Faces Classic 401(k) Fee Litigation Case
Many large national employers in the United States have seen the actions of their retirement plan fiduciaries challenged in the federal courts, the latest being Liberty Mutual. Read more >
Student Debt in the Time of Coronavirus
Retirement-focused financial advisers generally aren’t as informed about student loan debt as they are about health and wellness, but now may be the perfect time to change that. Read more >
401(k) Plan Participants Say Fiduciaries Ignored Excessive Fees
The complaint says plan fiduciaries didn’t look into lower-priced share classes, investment vehicles or passively managed funds. Read more >
Licensing Lawsuit Filed by SEI Global against SS&C Defendants
The complaint alleging abusive licensing practices was filed under seal in the U.S. District Court for the Eastern District of Pennsylvania and has only just been made public. Read more >
MOST READ ARTICLES
1
Three New ERISA Lawsuits Bash Actively Managed TDFs
2
Attorneys Offer Closer Reading of DOL’s Open MEP RFI
3
Another Lawsuit Challenges Use of Untested CITs in 401(k) Plan
4
Despite DOL’s Proposed Tightening, ESG Can Still Shine
5
With Another Rule Proposal, DOL’s Fiduciary Saga Continues
Sponsored message from John Hancock
State of the participant 2020: readiness within reach
Reflections on retirement readiness and ideas for improvement Read more >
Mutual of Omaha Waives Distribution Fees
It is the latest recordkeeper to waive fees because of the coronavirus pandemic. Read more >
Investment Product and Service Launches
Tickeron develops AI analysis for 401(k)s, IPX adds extra annuity products for distribution, and Vanguard closes Treasury Money Market Fund. Read more >
Market Mirror
Friday, the Dow gained 704.81 points (2.99%) to finish at 24,242.49, the NASDAQ was up 117.78 points (1.38%) at 8,650.14, and the S&P 500 increased 75.01 points (2.68%) to 2,874.56. The Russell 2000 climbed 51.01 points (4.33%) to 1,229.10, and the Wilshire 5000 closed 775.29 points (2.77%) higher at 28,760.24.   The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.649%. The price of the 30-year Treasury bond fell 1 4/32, bringing its yield up to 1.270%.   For the week ending April 17, the Dow increased 2.21%, the NASDAQ climbed 6.09%, and the S&P 500 gained 3.04%. The Russell 2000 was down 1.41%, and the Wilshire 5000 finished 2.94% higher.
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