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Weekday news and analysis for retirement plan advisers
Friday, January 21, 2022
Exclusives | Awards | Research | Events
Plan Sponsor of the Year Nominations Close Monday!
As we have in past years, PLANSPONSOR is soliciting your help in identifying plan sponsors that go above and beyond to make retirement income security a reality for employees. The award is given in many categories to recognize all plan types, so any plan sponsor can be eligible.
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Boston Children’s Hospital Latest Target of ERISA Excessive Fee Suit
The complaint alleges several breaches of fiduciary duty, including retaining poorly performing investments.
Today’s Most Read
1. 2023 PLANADVISER Top Retirement Plan Advisers
2. 2023 PLANADVISER Top Retirement Plan Advisers
3. Why 529 Education Savings Plans Are More Valuable Than Ever
Booming Markets Not Prompting Many 401(k) Trades
On average, just 0.01% of balances were traded daily in December, which is in line with the monthly average for the past year, according to Alight Solutions.
RIA Launches New Tool for Retirement Plan Advisers for Tax-Exempt and Government Plans
The new retirement plan governance platform targets challenges presented in some non-ERISA retirement plan types. 
Investment Product and Service Launches
Vanguard to expand ESG lineup; TIAA offers lifetime income for corporate retirement market; and MSCI announces alliance with Menai Financial Group.
Class Certified in 401(k) Plan Trustees’ Lawsuit Against John Hancock
The suit alleges that John Hancock Life Insurance Co. violated ERISA by retaining foreign tax credits generated by plans’ investments under a group variable annuity contract.
New Data Might Help Advisers Address Plan Participants' Savings Gaps
EBRI compared accumulated net worth, retirement plan and student loan incidence for Baby Boomers, Generation Xers and Millennials at the same ages. 
Market Mirror Market Mirror Graph

Thursday, the Dow lost 313.26 points (0.89%) to finish at 34,715.39, the Nasdaq closed 186.24 points (1.30%) lower at 14,154.02, and the S&P 500 decreased 50.03 points (1.10%) to 4,482.73. The Russell 2000 was down 38.75 points (1.88%) at 2,024.04, and the Wilshire 5000 fell 530.88 points (1.16%) to 45,142.28.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 1.813%. The price of the 30-year Treasury bond climbed 32/32, decreasing its yield to 2.130%.

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