Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 28th, 2019
ICI Says Supreme Court Could Defend Fiduciary Decisions in Taking Up Putnam Case
Putnam Investments has asked the U.S. Supreme Court to weigh in on whether the plaintiff or the defendant bears the burden of proof on loss causation under the Employee Retirement Income Security Act (ERISA) and whether showing that particular investment options did not perform as well as a set of index funds selected by the plaintiffs with the benefit of hindsight, suffices as a matter of law to establish losses to the plan. Read more >
Settlement Announced in Vanderbilt University 403(b) Plan Lawsuit
Vanderbilt University joins Duke University and the University of Chicago in settling claims about 403(b) plan mismanagement. Read more >
IRA Owners Who Interact with Advisers Most Likely to Make Regular Contributions
Among those who make ongoing contributions, 53% were approached by a financial services company or professional to set it up. Read more >
Many Americans Prioritize Emergency Fund Savings Over Retirement Savings
Individuals polled by First National Bank of Omaha also shared reasons they do not have as much savings as they’d like. Read more >
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
SS&C Adds Allianz Retirement Income Annuity to DC Plan Platform
As States Add Retirement Programs, Private Providers See Growth
Schwab Sees Record Attendance in Participant 401(k) Sessions
GOP Budget Plan Calls For Spending Cuts That Would Include Social Security Administration
BoA to Rebrand Sponsor Services as Bank of America
Plan participants will be presented with the Merrill brand. Read more >
Employer Contributions on the Rise
In 2017, companies contributed as much as their workers did to DC plans Read more >
Market Mirror
Wednesday, the Dow closed 72.82 points (0.28%) lower at 25,985.16, the NASDAQ was up 5.21 points (0.07%) at 7,554.51, and the S&P 500 was down 1.52 points (0.05%) at 2,792.38. The Russell 2000 closed 3.57 points (0.23%) higher at 1,581.05, and the Wilshire 5000 increased 20.41 points (0.07%) to 28,990.77.   The price of the 10-year Treasury note decreased 13/32, bringing its yield up to 2.688%. The price of the 30-year Treasury bond fell 1 5/32, increasing its yield to 3.064%.
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2023 Asset International, Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850