Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 5th, 2019
Industry Reacts Positively to DOL’s Association Retirement Plan Rule
While there is some disappointment that it did not include a provision for open MEPs, any option that could appeal to small businesses to offer a retirement plan is seen as a positive. Read more >
Capital One’s All-ETF Digital 401(k) Business Goes Independent
The focus of the new company, ShareBuilder 401k, will be on expanding coverage among small companies, says the president of the company. Read more >
FPS Group Expands IPX Platform to Handle IRAs
The product bundles complete custody, recordkeeping, administration and portfolio maintenance of IRAs. It can be paperless and resides in a cloud-based environment. Read more >
Retirement Industry People Moves
Franklin Templeton Adds National DC Consultant; Schroders Grows West Coat Presence with Two Hires; Voya Hires Regional VP of Sales; and more. Read more >
Retirement Plan Cybersecurity the Issue in a New Lawsuit
How Retirement Plan Advisers Justify Their Fees
In-Plan Guaranteed Income Will Always Be a Challenge
IRS Plan Includes Guidance on Student Loan Payments and Retirement Plans
Broadridge Acquisition of Fi360 Underlines RIA Fiduciary Evolution
Company Matches on the Rise
More than 2/3 of employers now sweeten the pot to help workers save Read more >
A Precipitous Drop in ETF Flows
BlackRock and Vanguard ETFs still lead, but mutual funds eclipse them Read more >
Market Mirror
Friday, the Dow was down 98.41 points (0.37%) at 26,485.01, the NASDAQ fell 107.05 points (1.32%) to 8,004.07, and the S&P 500 decreased 21.51 points (0.73%) to 2,932.05. The Russell 2000 lost 17.11 points (1.10%) to finish at 1,533.66, and the Wilshire 5000 closed 256.04 points (0.84%) lower at 30,120.85.   The price of the 10-year Treasury note was up 5/32, decreasing its yield to 1.845%. The price of the 30-year Treasury bond increased 1 5/32, bringing its yield down to 2.377%.   WEEK’S WORTH: For the week ending August 2, the Dow was down 2.60%, the NASDAQ fell 3.92%, and the S&P 500 finished 3.10% lower. The Russell 2000 decreased 2.87%, and the Wilshire 5000 lost 3.29%.

Editorial: Alison Cooke Mintzer


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