Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
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
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
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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