Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 22nd, 2021

Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients

Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others. Read more >
Investment Experts Warn of a K-Shaped Recovery
But there is hope as the nation returns to work that those most impacted by the pandemic will be able to recover. 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 >
NFP Named in ERISA Lawsuit Alongside Plan Sponsor
Much of the text of the complaint is dedicated to detailing the reduction in the average fees paid by large U.S. retirement plans for both investments and administrative services. Read more >
The Most ‘Outrageous’ ERISA Complaints Yet Filed?
The New Vesting Schedule Debate
What Mutual Fund Fee Disparities Mean for Retirement Savings
Lawsuit Accuses Fiduciaries of Chasing Low Fees Without Regard to Performance
Meet SageView’s New COO, Fresh From Goldman Sachs
Cerner Agrees to $4.05 Million Payment to Settle Excessive Fee Suit
The proposed settlement agreement also includes non-monetary terms. Read more >
Retirement Industry People Moves
Reams selects fixed income professional as portfolio manager; Schroders announces recent hires in New York and Denver; ERISA attorney joins Jackson Lewis P.C.; and more. Read more >
Market Mirror
Friday, the Dow was virtually unchanged at 31,494.32, the Nasdaq was up 9.11 points (0.07%) at 13,874.46, and the S&P 500 decreased 7.26 points (0.19%) to 3,906.71. The Russell 2000 gained 48.30 points (2.18%) to finish at 2,266.69, and the Wilshire 5000 closed 72.89 points (0.17%) higher at 41,747.19.   The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.341%. The price of the 30-year Treasury bond decreased 32/32, bringing its yield up to 2.134%.   For the week ending February 19, the Dow was up 0.11%, the Nasdaq fell 1.57%, and the S&P 500 decreased 0.71%. The Russell 2000 lost 0.99%, and the Wilshire 5000 finished 0.84% lower.
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