Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 19th, 2021
Busy Days Ahead for SEC Leadership Chair Gary Gensler
Among the more telling chapters in Gensler’s biography is his work helping to draft the Sarbanes-Oxley Act as a senior adviser to former U.S. Senator Paul Sarbanes in the wake of the Enron scandal.  Read more >
Retirement Plan Trustee Faces Cybersecurity-Related Lawsuit
The lawsuit says the trustee failed to prevent a fraudulent distribution from a participant’s account and is failing to take responsibility. Read more >
Lawsuit Says Provider Used Plan to Promote Its Own Funds
Associated Banc-Corp is also accused of allowing the plan to pay excessive recordkeeping fees to its subsidiary. Read more >
Court Filing Details $13M UPenn 403(b) Lawsuit Settlement
Emergence of the settlement details comes after the filing of a stay motion in December. Read more >
Investment Product and Service Launches
Broadridge Financial Solutions collaborates with AI company; Franklin Templeton releases research hub; Morningstar launches market insights platform; and more. Read more >
More TDF Underperformance ERISA Lawsuits Filed
Dover Corporation Faces ERISA Suit Over Managed Account Fees
The Future of Work in the Investment Industry
Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation
Lawsuit Against Northern Trust Over TDFs Will Proceed
Active vs. Passive Strategies
Which way have investors moved in this recession? Read more >
Why Advisers Like LinkedIn
The social platform bests others for several reasons Read more >
Market Mirror
Friday, the Dow was down 177.26 points (0.57%) at 30,814.26, the NASDAQ closed 114.14 points (0.87%) lower at 12,998.50, and the S&P 500 decreased 27.29 points (0.72%) to 3,768.25. The Russell 2000 lost 32.15 points (1.49%) to finish at 2,123.20, and the Wilshire 5000 fell 315.39 points (0.78%) to 39,981.93.   The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.091%. The price of the 30-year Treasury bond increased 28/32, bringing its yield down to 1.843%.   For the week ending January 15, the Dow was down 0.91%, the NASDAQ fell 1.54%, and the S&P 500 finished 1.48% lower. The Russell 2000 gained 1.51%, and the Wilshire 5000 decreased 1.00%.
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