Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 11th, 2021

Client Considerations as PEPs Come Online

Sources say advisers should expect more questions about pooled employer plans as the year unfolds and this new marketplace develops. Read more >
Economic Recovery Started in 4Q20, Charles Schwab Says
The lingering question is what speed the recovery will take. Read more >
15th Anniversary of RPAY: Heffernan Financial Services
Despite the lack of in-person communication in 2020, the practice has gained a fair amount of new business by disseminating promotional videos. Read more >
When, How (and Whether) to Return to the Office
This hourlong editorial webinar will examine whether, when and how advisory practices may return to the “normal” way of doing things. Panelists will consider how the role of office space has changed, what digital tools and solutions have proven most effective, and how client expectations have shifted. Read more >
$30 Million Settlement Reached in Lawsuit Over DB Plan Funding
The case concerns the St. Joseph Health Services of Rhode Island Retirement Plan, which the lawsuit says failed to be a ‘church plan’ under ERISA. Read more >
Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation
More TDF Underperformance ERISA Lawsuits Filed
Dover Corporation Faces ERISA Suit Over Managed Account Fees
The Future of Work in the Investment Industry
Lawsuit Against Northern Trust Over TDFs Will Proceed
Securian Financial, Benefit Ed Partner on Education Benefits
The new offerings include employer-assisted student loan repayment and college savings. Read more >
Retirement Industry People Moves
Mercer Advisors acquires Atlanta wealth management firm; Wagner Law Group appoints partner; PCS Retirement acquires ABGRM; and more. Read more >
Market Mirror
Friday, the Dow was up 56.84 points (0.18%) at 31,097.97, the NASDAQ climbed 134.50 points (1.03%) to 13,201.98, and the S&P 500 gained 20.89 points (0.55%) to finish at 3,824.68. The Russell 2000 decreased 5.23 points (0.25%) to 2,091.66, and the Wilshire 5000 closed 195.88 points (0.49%) higher at 40,386.00.   The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 1.124%. The price of the 30-year Treasury bond was down 4/32, increasing its yield to 1.874%.   For the week ending January 8, the Dow was up 1.61%, the NASDAQ gained 2.43%, and the S&P 500 increased 1.83%. The Russell 2000 climbed 5.91%, and the Wilshire 5000 finished 2.36% higher.
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