Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 11th, 2021
Abbott Lab Defense Again Succeeds in ERISA Case
The underlying lawsuit involves claims that plan fiduciaries failed to adequately protect a participant’s account, allegedly resulting in the theft of funds. Read more >
RIAs Need to Remain Nimble in the Face of Record M&As
Registered investment advisory (RIA) firms are in the midst of record-breaking mergers and acquisitions (M&As), with 69 transactions taking place in the fourth quarter of last year, according to Echelon—serving as the most active quarter in the history of the wealth management industry. Read more >
2021 PLANSPONSOR Plan Adviser of the Year Nominations Open
Nominations for the 2021 PLANSPONSOR Retirement Plan Adviser of the Year awards may be made by plan sponsor clients, employers, brokers/dealers of eligible advisers, as well as from working partners of these advisers. Read more >
The Most ‘Outrageous’ ERISA Complaints Yet Filed?
The New Vesting Schedule Debate
Lawsuit Accuses Fiduciaries of Chasing Low Fees Without Regard to Performance
What Mutual Fund Fee Disparities Mean for Retirement Savings
Why Are Financial Services Firms Looking to Wealth Management Leaders?
Are You a QPAM?
As a reminder, Section 406(a) states that a plan fiduciary should not cause a plan to enter into certain enumerated transactions with a party in interest. These prohibited transactions include, for example, the sale or exchange, or leasing, of any property; the lending of money or other extension of credit; and the transfer to, or use by or for the benefit of, a party in interest, of any assets of the plan. Read more >
Expanded Plan Access
“PEPs won’t take over the small plan universe, but this is big,” says Pete Swisher, president of Waypoint Fiduciary in Versailles, Kentucky. Read more >
PLANADVISER Practice Benchmarking Survey
Our definitive annual report on how retirement plan advisers run their practices, particularly with respect to recommending funds, providing individual advice to plan participants and serving as a fiduciary. Read more >
Market Mirror
Wednesday, the Dow increased 61.97 points (0.20%) to 31,437.80, the Nasdaq closed 35.16 points (0.25%) lower at 13,972.53, and the S&P 500 was down 1.35 points (0.03%) at 3,909.88. The Russell 2000 lost 7.31 points (0.32%) to finish at 2,282.44, and the Wilshire 5000 decreased 13.77 points (0.03%) to 41,833.28. The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.128%. The price of the 30-year Treasury bond increased 29/32, bringing its yield down to 1.915%.
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