Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 5th, 2021
Walsh Signals Potential DOL Priorities in Confirmation Hearing
The labor secretary nominee spoke proudly of his labor roots and his ties to Boston, while responding to varied questions about the DOL’s important mission. Read more >
Universal Retirement Coverage Could Help 40 Million Private Sector Workers
More savings would also strengthen the economy and the GDP, according to a Georgetown University report. 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 >
Investment Product and Service Launches
Nationwide launches U.S. equity fund; Fidelity Investments lowers minimum for premium class of index funds; and Versor Investments builds new investor research center. Read more >
Retirement Plan Advisers Might Help Lessen ERISA Lawsuits by Adding Defensive Provisions
T. Rowe Price Agrees to Settle Proprietary Funds Lawsuit for $7 Million
Retirement Industry People Moves
Judge Dismisses Most Claims in Intel ERISA Lawsuit
Employees More Concerned About Immediate, Rather Than Future, Financial Needs
Legislative and Judicial Actions
The DOL presents its final ESG rule, IRS simplifies certain 403(b) plan terminations, and more. Read more >
Active vs. Passive Strategies
Which way have investors moved in this recession? Read more >
Market Mirror
Thursday, the Dow was up 322.26 points (1.08%) at 31,055.86, the NASDAQ gained 167.20 points (1.23%) to finish at 13,777.74, and the S&P 500 increased 41.57 points (1.09%) to 3,871.74. The Russell 2000 climbed 42.72 points (1.98%) to 2,202.42, and the Wilshire 5000 closed 486.39 points (1.19%) higher at 41,214.93.   The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.133%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 1.933%.
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