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Weekday news and analysis for retirement plan advisers
Thursday, August 12, 2021
Exclusives | Awards | Research | Events
COMPLIANCE
Law Group Argues Court Misapplied ‘Thole’ Ruling in ERISA Case
An amicus brief filed in a case involving Universal Health Services says a district court erred when it found the plaintiffs have standing to sue over 401(k) plan investments in which they did not invest.
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Advocates Applaud New Elder Justice Bill
The Elder Justice Reauthorization and Modernization Act of 2021 dedicates funding to programs to address vulnerable seniors’ needs, and its advocates say the financial services industry has a critical role to play in protecting the public.
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
IRS Provides Guidance on New Funding Relief Rules for Single-Employer DB Plans
Among other things, it explains the manner and timing of making elections under the American Rescus Plan Act (ARPA), as well as the flexibility to redesignate contributions between plan years.
UPCOMING VIRTUAL EVENT
Explore the Agenda: 2021 PLANADVISER National Conference

Join us for a four-day live learning event crafted specifically for retirement plan advisers and designed to meet the moment. Attendees can earn continuing education (CE) credits* while engaging with leading experts in the retirement plan industry.

Virtual event 

Sept. 27 to 30

More Savings, More Debt, More Questions
New survey data from the Transamerica Institute and the Transamerica Center for Retirement Studies underscores the contradictory impacts the coronavirus pandemic has had on Americans’ financial health.
Market Mirror Market Mirror Graph

Wednesday, the Dow climbed 220.30 points (0.62%) to 35,484.97, the Nasdaq was down 22.95 points (0.16%) at 14,765.14, and the S&P 500 closed 10.95 points (0.25%) higher at 4,447.70. The Russell 2000 gained 10.98 points (0.49%) to finish at 2,250.34, and the Wilshire 5000 increased 103.89 points (0.23%) to 46,248.90.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 1.336%. The price of the 30-year Treasury bond was unchanged, with its yield up to 2.000%.

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