December 20th, 2019

Congress Has Passed the SECURE Act The Senate voted Thursday to approve appropriations legislation that has subsumed the SECURE Act, after the House approved the same measure on Tuesday. Read more > UPenn Petitions Supreme Court to Review 403(b) Plan Case The university argues that other courts would have required more than an appellate court did in its lawsuit to state a plausible claim. Read more > Cintas Corporation Accused of ERISA Fiduciary Breaches Among other allegations, the national work uniform provider is accused of permitting high-cost mutual funds to persist on the retirement plan menu while cheaper but otherwise identical funds were available. Read more > Investment Product and Service Launches LifeYield partners with financial tech provider; Vanguard changes manager structure of value funds; Northern Trust expands collateral management services; and more. Read more > MOST READ ARTICLES

Sponsored message from Cuna Mutual Retirement Solutions The Great Wealth Transfer Generations of Possibilities Read more > Fund Lineup Sizing Both pluses and minuses to increasing or reducing plan investment menus, research says. Read more > How Plan Advisers Justify Their Fees Despite fee compression, advisers are pushing back. Read more > Market MIrror Thursday, the Dow gained 137.68 points (0.49%) to finish at 28,376.96, the NASDAQ closed 59.48 points (0.67%) higher at 8,887.22, and the S&P 500 increased 14.23 points (0.45%) to 3,205.37. The Russell 2000 was up 5.36 points (0.32%) at 1,667.09, and the Wilshire 5000 climbed 145.95 points (0.45%) to 32,654.28.   The price of the 10-year Treasury note was virtually unchanged, with its yield at 1.921%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.357%.

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