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Weekday news and analysis for retirement plan advisers
Wednesday, August 11, 2021
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DCIO exists because of two competing value propositions. A recordkeeper wants to capture as much revenue as possible and, when sponsors place its proprietary funds on their plan menu, can offer concessions on recordkeeping fees. But asset managers that do not run recordkeeping platforms want shelf space in plans, too. 
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ESG and Shareholder Rights Rule Under White House Review
The language of the regulation has not yet emerged, but the title published by the Department of Labor suggests it will address both ESG and proxy voting matters.
Today’s Most Read
1. Most Claims Move Forward in Suit Over Aon CITs in 401(k) Plan
2. Northern Trust Accused of Fiduciary Breaches Related to AutoZone 401(k)
3. New Bill Aims to Solve for the Retirement Plan Coverage Gap
An ESG Refresher as DOL Makes Progress on New Regs
Industry experts are watching for the imminent filing of new Department of Labor regulations pertaining to the use of environmental, social and governance themed portfolios by tax-advantaged retirement plan investors.
Explore the Agenda: The 2021 PLANADVISER National Conference

The 2021 virtual PLANADVISER National Conference was created with the understanding that advisers face tremendous challenges as well as opportunities as the world emerges from an unprecedented modern global crisis. Advisers’ core lines of business remain critical as new client expectations come to the fore in the realms of financial wellness, retirement income, environmental activism and corporate social responsibility.

Virtual Conference 
Sept. 27 – 30

Form 5500 Can Be Skipped for Effective Year of Plans Adopted Retroactively
The IRS has addressed Form 5500 filing for plan sponsors that take advantage of the extended deadline for plan adoption provided by the SECURE Act.
Wealth Transfers on the Horizon
Emerging affluent investors may reshape some advisory shops.
Market Mirror Market Mirror Graph

Tuesday, the Dow gained 162.82 points (0.46%) to finish at 35,264.67, the Nasdaq lost 72.09 points (0.49%) to finish at 14,788.09, and the S&P 500 increased 4.40 points (0.10%) to 4,436.75. The Russell 2000 closed 4.55 points (0.20%) higher at 2,239.36, and the Wilshire 5000 was up 19.79 points (0.04%) at 46,145.06.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.355%. The price of the 30-year Treasury bond decreased 27/32, bringing its yield up to 1.995%.

Industry Intel Roundup
Featured Thought Leadership
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
Sponsored by Franklin Templeton
Voice of the American Worker
Franklin Templeton’s survey results indicate the need for financial wellness personalization.
Sponsored by Securian Financial
The Risk of Ignoring PEPs
Advisers need to be prepared for the evolving pooled employer plan marketplace—or they might face the threat of losing business.
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