Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 16th, 2020

2020 PLANADVISER Practice Benchmarking Survey

The PLANADVISER Practice Benchmarking Survey, fielded each October, gives us insight into how retirement plan advisers ran their business over the past year. Especially in 2020, it provides an opportunity to reflect on the differences since last our last survey in light of the pandemic. Read more >
Are You a QPAM?
The bottom line is that an adviser should be aware that almost any transaction between a plan and another party could be prohibited under Section 406(a). However, the good news is that the QPAM exemption provides broad exemptive relief so long as the adviser meets the exemption’s conditions.  Read more >
DOL Publishes Final Fiduciary Rule
The final rule confirms the reinstatement of the traditional five-part test for determining fiduciary status, though it does not definitively state that advice regarding IRA rollovers necessarily triggers fiduciary status. Read more >
Has the DOL Found an ESG Middle Ground?
George Michael Gerstein, an ERISA attorney with Stradley Ronon, dissects the DOL’s final rule regarding ESG investing in retirement plans, calling it a compromise that might be here to stay. Read more >
2023 Retirement Plan Adviser of the Year Finalists
A Reminder to Avoid Fraudulent Hardship Withdrawals
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Small Businesses and SECURE 2.0: Exemptions and Tax Credits
Retirement Industry People Moves
Sponsored message from MassMutual Investments
Ascending Through the Fire With an Evolving Fiduciary Governance Approach
Learn about the opportunity plan advisers have to position themselves as a chief governance officer with plan sponsors. Read more >
Expanded Plan Access
Daniel Milan, managing partner of Cornerstone Financial Services in Detroit, calls the new PEPs a “game-changer” for smaller employers. “These modifications [to MEPs] are so powerful that they completely change the quality and access for small businesses in regard to offering 401(k) plans.” Read more >
Sponsored message from PLANADVISER
PLANADVISER Thought Leadership gives retirement plan advisers the knowledge they need for business success.
Click here to learn more Read more >
Advisers Giving Back: The Moneta Charitable Foundation
When MCF awards a grant, it gives more than just a check. In 2019, for example, a total of 267 Moneta employees logged 1,648 collective volunteer hours doing MCF-related service projects.  Read more >
15th Anniversary of RPAY: SageView Advisory Group
Since 2014, the consolidation that has taken place among recordkeepers and advisers has played to SageView’s strengths as an aggregator, says CEO Randy Long. Read more >
Practice Lessons Learned From the Pandemic
Virtual meetings and more personalized financial wellness programs are expected to continue. Read more >
Market Mirror
Tuesday, the Dow gained 337.76 points (1.13%) to finish at 30,199.31, the NASDAQ closed 155.02 points (1.25%) higher at 12,595.06, and the S&P 500 was up 47.13 points (1.29%) at 3,694.62. The Russell 2000 increased 48.07 points (2.51%) to 1,959.76, and the Wilshire 5000 climbed 502.24 points (1.31%) to 38,866.89. The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.908%. The price of the 30-year Treasury bond decreased 5/32, bringing its yield up to 1.653%.
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