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Weekday news and analysis for retirement plan advisers
Friday, April 22, 2022
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9th Circuit Finds Allegations in Trader Joe’s Excessive Fee Case Are Plausible
The 9th U.S. Circuit Court of Appeals has said that a District Court “erred in dismissing [the] plaintiffs’ claim for breach of fiduciary duty” in a lawsuit alleging excessive fees in the Trader Joe’s Company 401(k) plan.
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District Court Dismisses ERISA Lawsuit Against USI
The complaint alleged breach of fiduciary duty obligations under the Employee Retirement Income Security Act.
Today’s Most Read
1. Many Providers Are Prioritizing Participant Financial Advice in 2023
2. A Reminder to Avoid Fraudulent Hardship Withdrawals
3. Most Advisers Seeking Options Like HSAs, 529s to Compete for New Plans
Investment Product and Service Launches
WisdomTree launches portfolio and growth solutions; Truelytics and BlackRock partner to bring data and analytics to advisers.
Labor Shortages Mean Benefits Shine
Recent trends have helped to exacerbate the shortage of workers available to many businesses, putting a spotlight on the importance of well-constructed compensation and benefits packages.
Finding Safety From Fee Pressures
As competition continues to grow and clients expect more services for their fees, enterprising advisers focus on both protecting existing revenue sources and adding new revenue streams.
Market Mirror Market Mirror Graph

Thursday, the Dow fell 368.03 points (1.05%) to close at 34,792.76, the Nasdaq was down 278.41 points (2.07%) to finish at 13,174.65, and the S&P 500 fell 65.79 points (1.48%) to 4,393.66. The Russell 2000 fell 46.72 points (2.29%) to 1,991.46, and the Wilshire 5000 dropped 772.79 points (1.73%) to 44,002.18.

The price of the 10-year Treasury note fell 5/32 while its yield settled at 2.905%. The price of the 30-year Treasury bond dropped 30/32 with its yield reaching 2.927%.

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