Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 13th, 2020

Keeping Defaulted Participants on the Right Path

Roughly 80% of participants initially accept target-date funds when they are offered as the default investment, although acceptance declines to approximately 70% after five years of participation. Read more >
J.P. Morgan Settles Share Class Upcharge Challenge from SEC
The SEC says the firm disadvantaged certain retirement plan customers by failing to provide them with less expensive share classes for which they were eligible. Read more >
Retirement Savings Options for the Self-Employed
Advisers share ideas for advisers to help small business owners and those who are self-employed save for retirement. Read more >
Retirement Industry People Moves
Sales SVP joins Allianz Life; Transamerica adds RVPs to mid-market retirement plans; Academic consultant to support American Century ETF platform; and more. Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Ready for PTE 2020-02 July 1 Enforcement?
Olin Corp. Soundly Defeats ERISA Lawsuit
Retirement Industry People Moves
Significant Retirement Bill Moves Forward in Senate
Advisory practices can be good candidates for ESOPs. Read more >
From the Ground
Retirement plan advisers weigh in on the foundations of good practice management. Read more >
Chemical Distributor Faces Excessive Fee Suit Against 401(k) Plan
The plaintiffs say defendants failed to utilize the lowest cost share class for many of the mutual funds within the plan, and failed to consider collective trusts, commingled accounts, or separate accounts as alternatives to the mutual funds in the plan, despite their lower fees. Read more >
Market Mirror
Friday, the Dow fell 133.13 points (0.46%) to 28,823.77, the NASDAQ was down 24.57 points (0.27%) at 9,178.86, and the S&P 500 decreased 9.35 points (0.29%) to 3,265.35. The Russell 2000 lost 7.34 points (0.44%) to finish at 1,657.64, and the Wilshire 5000 closed 96.09 points (0.29%) lower at 33,237.13.   The price of the 10 year Treasury note increased 4/32, bringing its yield down to 1.818%. The price of the 30-year Treasury bond climbed 1 2/32, decreasing its yield to 2.277%.   WEEK’S WORTH: For the week ending January 10, the Dow increased 0.66%, the NASDAQ climbed 1.75%, and the S&P 500 gained 0.94%. The Russell 2000 was down 0.19%, and the Wilshire 5000 finished 0.89% higher.
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