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Weekday news and analysis for retirement plan advisers
Tuesday, August 17, 2021
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SeaWorld ERISA Lawsuit Seeks Sizable Damages
The text of the lawsuit notes the fast pace of the filing of excessive fee lawsuits against retirement plans operated by major U.S. employers, arguing SeaWorld owes its own employees more than $50 million in damages.
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Parents Need Education About College Costs and Help Planning for It
A Fidelity Investments study found high school parents expect the annual cost of college to be far lower than what the College Board reports.
Today’s Most Read
1. 2023 Retirement Plan Adviser of the Year Finalists
2. Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
3. With SECURE 2.0, the Cash Balance DB Plan May Be Back
Wealth Transfers on the Horizon
Emerging affluent investors may reshape some advisory shops.
The Art of Comparing TDF and Balanced Fund Performance
The outputs of a hypothetical model based on historical net asset values for balanced funds and target-date funds show just how complicated it can be to compare the relative merits of the two approaches to asset allocation. As it turns out, balanced funds, though less popular, might deserve another look.
Court Denies Dismissal of Amway ERISA Lawsuit
Among other allegations, the complaint says defendants continued to offer certain investment options despite the availability of identical or similar investment options with lower costs and/or better performance.
Market Mirror Market Mirror Graph

Yesterday, the Dow increased 110.02 points (0.31%) to 35,625.40, the Nasdaq decreased 29.14 points (0.20%) to 14,793.76, and the S&P 500 was up 11.71 points (0.26%) at 4,479.71. The Russell 2000 closed 19.69 points (0.89%) lower at 2,203.41, and the Wilshire 5000 was down 18.59 points (0.04%) at 46,359.98.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.277%. The price of the 30-year Treasury bond was unchanged, with its yield up to 1.931%.

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