Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 2nd, 2019

A DOL Secretary Scalia Would Quickly Find Direction

Having served as the DOL Solicitor General under the Bush Administration, experts suggest, Eugene Scalia would likely hit the ground running as a Labor Secretary with a conservative agenda. Read more >
Trend of Excessive Fee Suits Against Smaller Plans Continues
When the wave of excessive fee cases began against retirement plan sponsors, most targeted large or mega plans, based on assets. However, a new case against TriHealth Inc. continues a trend of targeting smaller plans. Read more >
Cybersecurity Is About Protecting Clients—and Your Practice
One element of the cybersecurity discussion that is often overlooked is that the biggest threat to many advisory firms is not actually to client accounts but instead to the advisory brand. Read more >
Investment Product and Service Launches
LifeYield creates alliance with software-based service organization; Dimensional announces new Investment Solutions Group; Vanguard reopens funds and broadens access to others; and more. Read more >
MOST READ ARTICLES
1
Three New ERISA Lawsuits Bash Actively Managed TDFs
2
$300 Million Plan Faces ERISA Fiduciary Breach Lawsuit
3
Another Lawsuit Challenges Use of Untested CITs in 401(k) Plan
4
Attorneys Offer Closer Reading of DOL’s Open MEP RFI
5
DOL Aims to Quickly Simplify Conflict of Interest Framework
DOL Issues Final Prohibited Transaction Exemption for Auto-Portability
Now that participants’ small balances may be automatically transferred to their new 401(k) account, Retirement Clearinghouse expects to see a lot of business. Read more >
Tangled
The state of the DCIO industry Read more >
Market Mirror
Thursday, the Dow closed 280.85 points (1.05%) lower at 26,583.42, the NASDAQ was down 64.30 points (0.79%) at 8,111.12, and the S&P 500 decreased 26.82 points (0.90%) to 2,953.56. The Russell 2000 fell 23.84 points (1.51%) to 1,550.76, and the Wilshire 5000 lost 307.92 points (1.00%) to finish at 30,376.90.   The price of the 10-year Treasury note increased 32/32, bringing its yield down to 1.903%. The price of the 30-year Treasury bond climbed 1 6/32, decreasing its yield to 2.455%.
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