Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 25th, 2020

ESG and Fixed Income—a Natural Fit

Both quantitative and qualitative research suggests bonds issued by companies with favorable environment, social and governance (ESG) ratings can offer downside mitigation during periods of market turbulence. Read more >
Supreme Court Hands Back Puerto Rico Catholic Pensions Case
The high court decided that a court in Puerto Rico had no jurisdiction to order the seizure of property from Catholic entities in order to fulfill a court judgment to pay $4.7 million in pension benefits. Read more >
Judge Rejects Dismissal of ERISA Mortality Assumption Lawsuit
Covering just nine pages and recounting the results of a hearing held February 18, the ruling rejects Huntington Ingalls’ arguments that the case should be dismissed for a failure to state an actionable claim under ERISA. Read more >
Hilton Hotels Accused of Improperly Calculating Pension Plan Vesting
The lawsuit was filed on behalf of more than 220 individuals who followed the claim procedures ordered by the U.S. District Court for the District of Columbia, and affirmed by an appellate court, in Kifafi, et al., v. Hilton Hotels Retirement Plan, et al. Read more >
MOST READ ARTICLES
1
$300 Million Plan Faces ERISA Fiduciary Breach Lawsuit
2
Three New ERISA Lawsuits Bash Actively Managed TDFs
3
Another Lawsuit Challenges Use of Untested CITs in 401(k) Plan
4
DOL Aims to Quickly Simplify Conflict of Interest Framework
5
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Men as Advocates
Given the increase in women joining the workforce, and today’s focus on diversity and inclusion, it’s more important than ever that we in the retirement industry work together to foster employing women in our firms.  Read more >
Make Way for Self-Promotion
In a phrase, the SEC is seeking to move from a blanket prohibition-based approach to a more nuanced and modernized principles-based scheme—a meaningful change in policy the financial services industry has long advocated. Read more >
COMPLIANCE CONSULT: MEPs and PEPs
The SECURE Act, beginning in 2021, allows for the creation of PEPs, which are closer to the open MEPs many advisers had envisioned making available to employers. Read more >
Market Mirror
Yesterday, the Dow plunged 1,031.61 points (3.56%) to 27,960.80, the NASDAQ fell 355.31 points (3.71%) to 9,221.28, and the S&P 500 lost 111.86 points (3.35%) to finish at 3,225.89. The Russell 2000 dropped 67.97 points (4.01%) to 1,628.10, and the Wilshire 5000 plummeted 1,128.71 points (3.31%) to 32,937.58. The price of the 10-year Treasury note increased 32/32, bringing its yield down to 1.370%. The price of the 30-year Treasury bond climbed 2 0/32, decreasing its yield to 1.830%.
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