Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 30th, 2020

Keeping Up With the Workplace

The financial advising industry has not only a scarcity of women but a well-known diversity gap. In 2018, only 5% of financial advisers identified as black or African American, slightly less than 7% as Asian and 6.6% as Hispanic or Latino, says the Bureau of Labor Statistics’ Current Population Survey (CPS). Read more >
Barrick Gold Accused of Fiduciary Failures Regarding 401(k) Investments
The lawsuit alleges the defendants did not try to reduce the plan’s expenses or exercise appropriate judgment to scrutinize each investment option that was offered in the plan to ensure it was prudent. Read more >
Some Older Workers Feel Inclined to Take Early Social Security
Since this resource is viewed as a lifetime guaranteed income source, some older workers scrambling for relief are considering it their only solution. Read more >
Bill Calls for Temporary Increase in DC Plan Contribution Limits
A bill introduced in the House of Representatives would increase 415 annual addition and 402(g) elective deferral limits for the 2020 calendar year. Read more >
Franklin Templeton to Acquire Putnam for $925 Million
Human Interest Offers 3% Cash Back for New Retirement Savers
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
Smart Acquires Managed Account Provider ProManage
Retirement Industry People Moves
Sponsored message from John Hancock
State of the participant 2020: readiness within reach
Reflections on retirement readiness and ideas for improvement Read more >
Retirement Plans Get Relief for Certain Requirements
The agency is relaxing timing rules for certain actions and notices if timing is affected by the COVID-19 outbreak. Read more >
Judge Dismisses ERISA Lawsuit Against Trader Joe’s
The plaintiffs sued for failing to seek competitive bids for recordkeeping, but admitted to not knowing the amount Trader Joe’s paid in recordkeeping fees. Read more >
Market Mirror
Wednesday, the Dow was up 532.31 points (2.21%) at 24,633.86, the NASDAQ gained 306.98 points (3.57%) to finish at 8,914.71 and the S&P 500 increased 76.12 points (2.66%) to 2,939.51. The Russell 2000 climbed 78.89 points (6.15%) to 1,360.76, and the Wilshire 5000 closed 842.87 points (2.92%) higher at 29,719.10. The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.626%. The price of the 30-year Treasury bond fell 1 1/32, bringing its yield up to 1.245%.
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2023 Asset International, Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850