Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 8th, 2020
After Dismissal, Parties in Cerner Excessive Fee Lawsuit to Discuss Settlement
A federal judge granted Cerner’s motion to dismiss the case then reopened it on the same day, announcing the parties were to discuss a potential settlement. Read more >
Guidance on Missing Participants Listed on IRS Priority Guidance Plan
Guidance about how to deal with missing participants and uncashed checks has been issued piecemeal over the years. Read more >
Lawsuit Alleges Fiduciaries Allowed Excessive Fees in Cognizant 401(k)
Fiduciaries are accused of failing to switch to and investigate the availability of lower-cost versions of funds offered in the plan. Read more >
Retirement Industry People Moves
Global Client Group head joins AB; Alger hires SVP and institutional team co-head; The Standard hires retirement plan consultant for Northern California and Nevada; and more. Read more >
TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges
DOL Announces Anticipated ESG Fiduciary Investing Rule
Social Security Benefits Will Grow 5.9% in 2022 Amid Renewed Inflation Concerns
Plaintiffs Claim Deloitte Breached ERISA Prudence Duties
Calmer Summer Yields to Volatile Fall for U.S. Investors
Sponsored message from Natixis
Expert Voice: Ed Farrington
Executive Vice President, Institutional and Retirement, for Natixis Investment Managers Read more >
Close to Their Hearts
Advisers Giving Back Read more >
Cures for Virtual Meeting Fatigue
… plus a prescription for improving your presenter skills. Read more >
Market Mirror
Yesterday, the Dow closed 148.47 points (0.49%) lower at 30,069.79, the NASDAQ gained 55.71 points (0.45%) to finish at 12,519.95, and the S&P 500 decreased 7.16 points (0.19%) to 3,691.96. The Russell 2000 climbed 55.20 points (3.01%) to 1,891.25, and the Wilshire 5000 was down 11.35 points (0.03%) at 38,692.87.   The price of the 10-year Treasury note was up 4/32, decreasing its yield to 0.930%. The price of the 30-year Treasury bond increased 1 2/32, bringing its yield down to 1.689%.
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