Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 25th, 2021

PLANADVISER Virtual: Building Your Practice in 2021

Join our discussion on March 24 with Dr. Yakov Feygin, Associate Director of the Future of Capitalism program at the Berggruen Institute. He directs the Institute’s economic policy work, including a recent retirement plan study, and is very knowledgeable about the past, present and future of inequality. Read more >
15th Anniversary of RPAY: Greenspring Advisors
The practice believes that since so many advisory firms are acquired by aggregators, the personal attention it offers clients will come to be viewed as a precious commodity. Read more >
Fund Manager Reviews How Vaccines, Inflation Worries Will Affect Markets
Mark Lindbloom, a portfolio manager at Western Asset Management, said the market should be dived into two sections for analysis: the short term and the long term. Read more >
Plan Governance
Why do plan sponsors hire retirement plan advisers? Is it to help them improve their plan? To strengthen plan governance? To bring expertise the plan sponsor lacks? The reasons—there are probably more than one—vary from sponsor to sponsor. Read more >
2023 Retirement Plan Adviser of the Year Finalists
A Reminder to Avoid Fraudulent Hardship Withdrawals
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Small Businesses and SECURE 2.0: Exemptions and Tax Credits
Retirement Industry People Moves
ESG Investing Under ERISA
The final rule’s text makes no reference to ESG or other terms commonly associated with ESG investing such as “socially responsible investing” (“SRI”) or “economically targeted investing.” Rather, the regulation requires that fiduciaries consider only “pecuniary factors” when making an investment decision. Read more >
Continuous Education
Also crucial for committees to reflect on, says Summer Conley, a partner in Faegre Drinker Biddle & Reath LLP in Los Angeles, is the volume of defined contribution (DC) plan breach of fiduciary duty lawsuits currently in the courts. “Committee members should know what the issues are and what those mean for their plan.” Read more >
Wednesday, the Dow gained 424.51 points (1.35%) to finish at 31,961.86, the Nasdaq closed 132.77 points (0.99%) higher at 13,597.97, and the S&P 500 increased 44.06 points (1.14%) to 3,925.43. The Russell 2000 was up 33.31 points (1.48%) at 2,284.38, and the Wilshire 5000 climbed 478.91 points (1.16%) to 41,763.02. The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.394%. The price of the 30-year Treasury bond decreased 1 1/32, bringing its yield up to 2.239%.
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