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Weekday news and analysis for retirement plan advisers
Wednesday, April 07, 2021
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Practice Management
When a 'JumpStart' Is Needed
Some advisers are working to redefine what the typical entrance into the brokerage and advisory world looks like, shifting the focus away from sales quotas and business development and toward a more holistic, humanistic way of doing business. 
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Compliance
Bellwether IBM Stock Drop ERISA Lawsuit Settlement Published
The case history of IBM v. Jander shows the importance, but also the limitations, of Supreme Court rulings in fiduciary breach cases involving ERISA.
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Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
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Stimulus Bill Extends Some Provisions of the CARES Act
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Judge Finds Participant Data Is Not a Plan Asset in Case Against Fidelity
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Many Near-Retirees Don't Understand Social Security Benefits
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Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Upcoming Webinar: ESG and ERISA Plans
We will discuss how asset managers are putting environmental, social and governance investing themes to work. Particular attention will be paid to the regulatory environment and the potential to pursue greater investment returns by seeking out companies with higher ESG ratings.
A New Telling of the Story of Persistent Inequality
The interest rate regime embraced to combat strong inflation of the mid-1970s and early 1980s has had unintended consequences—including the development of historic levels of wealth inequality. Yakov Feygin says there’s a lot that can be done to turn things around.
The Latest Word on ESG
In terms of plan investing, fiduciary duty continues to come first.
Market Mirror Market Mirror Graph

Tuesday, the Dow closed 96.95 points (0.29%) lower at 33,430.24, the Nasdaq was down 7.21 points (0.05%) at 13,698.38, and the S&P 500 decreased 3.97 points (0.10%) to 4,073.94. The Russell 2000 climbed 63.36 points (2.89%) to 2,259.15, and the Wilshire 5000 was up 9.84 points (0.02%) at 42,815.64.

The price of the 10-year Treasury note increased 26/32, bringing its yield down to 1.654%. The price of the 30-year Treasury bond climbed 28/32, decreasing its yield to 2.320%.

Industry Intel Roundup
Featured Webcasts
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
Financial Wellness: Voice of the American Worker
Staggering statistics show the average American worker is struggling with their financial health, thus impacting their overall well-being and productivity at work. Employers are embracing the challenge of improving their employee's total wellbeing by seeking ways to become the financial epicenter for their staff. In this panel webinar discussion, we will explore the shifting benefits ecosystem from different perspectives – with both in-plan and out-of-plan experience. In addition, we will share how technology is enabling and accelerating personalized financial wellness at the goal level and the implications for the future of retirement plan advisors.
2021 Practice Progress Series: ESG and Corporate Social Responsibility
Many industry experts believe the Biden administration will try to increase support for the use of environmental, social and governance (ESG)-themed investments, including by tax-qualified retirement plans subject to the Employee Retirement Income Security Act (ERISA). At the same time, investment managers and index providers are holding companies to greater account for a lack of diversity and inclusion on boards and in senior management positions. There is also growing demand for greater disclosures of environmental impact data by private and publicly traded companies alike. This hourlong editorial webinar will feature a panel of ESG experts discussing the current and future state of ESG investing, both inside and outside ERISA plans. Particular attention will be paid to the regulatory environment, as well as the potential to pursue greater investment returns by seeking out companies with higher ESG ratings.
2021 Practice Progress Series: Artificial Intelligence and Financial Advice
It is hard to overstate the enthusiasm with which many experts speak about the prospects presented by machine learning and artificial intelligence (AI), both to impact peoples’ daily lives and to remake many parts of the global economy. That said, many of the concepts involved in discussing AI are highly technical and more than a bit esoteric, leaving some to wonder just what all the fuss is about. This hourlong editorial-driven webinar will explore some of the key concepts, possibilities and predictions commonly discussed by AI experts. Panelists will discuss the general economic impacts that could be coming in the next several years and decades, while also offering a closer look at how the work of plan advisers and wealth managers could be directly impacted.
2021 Practice Progress Series: College Savings and Student Debt: 529 Plans, Student Loans and Financial Wellness
Sources say the aggregate amount of student loan debt carried by workers in the U.S. has now exceeded the amount of credit card debt. Though for some, student loans represent “good debt,” others are being financially drained by unattainable monthly payments, making the goal of saving for retirement or a home purchase seem like a pipe dream. This hourlong editorial webinar will focus on employee financial wellness and, specifically, on planning for education expenses through 529 college savings plans. Budgeting and debt management will also be considered, as will the “hierarchy of savings.”
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