Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 4th, 2021

Advisers Giving Back: The Barry Family

John Barry says giving back has always been important to his firm and his family, though the means of doing so have shifted over the years, from coaching youth sports to mentoring the first-ever rising class of female Eagle Scouts. Read more >
AIG Enters Consent Order with New York DFS Over PRT Transactions
AIG will pay a $12 million penalty to New York state for unlicensed pension risk transfer business. Read more >
Coca-Cola Bottlers’ Association MEP Faces ERISA Complaint
A new Employee Retirement Income Security Act (ERISA) lawsuit filed in the U.S. District Court for the District of Kansas claims a bottlers’ association working for Coca-Cola has committed fiduciary breaches in the operation of its multiple employer plan (MEP). Read more >
Actively Managed Funds and High-Cost Share Classes Called Out in ERISA Suit
Participants of a terminated 403(b) plan say the plan sponsor’s fiduciary breaches caused them approximately $4.6 million in losses. Read more >
Sponsored message from MassMutual Investments
From Fiduciary 2.0 to 3.0–Carving Out a Role for Advisers As Chief Governance Officer
Interview with Mark Cover, Head of Defined Contribution Investment Only Field Sales for MassMutual Investments and John Carl, founder and President of the Retirement Learning Center Read more >
Sequence of Return Risk
There’s more participants should understand than just cutting back on equities. Read more >
Client Onboarding
“This year, some businesses were in survival mode, and some were flourishing, but both were looking for the right partner to help them alleviate the stress of what was happening in the retirement space,” says Jamie Greenleaf, lead adviser and principal at Cafaro Greenleaf, a OneDigital company, in Red Bank, New Jersey. Read more >
Market Mirror
Wednesday, the Dow closed 36.12 points (0.12%) higher at 30,723.60, the NASDAQ was down 2.23 points (0.02%) at 13,610.54, and the S&P 500 was up 3.86 points (0.10%) at 3,830.17. The Russell 2000 increased 8.26 points (0.38%) to 2,159.70, and the Wilshire 5000 gained 79.41 points (0.20%) to finish at 40,728.52. The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.136%. The price of the 30-year Treasury bond fell 1 2/32, increasing its yield to 1.924%.
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