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Weekday news and analysis for retirement plan advisers
Monday, January 24, 2022
Exclusives | Awards | Research | Events
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.
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Plan Sponsor of the Year Nominations Close TODAY!
The award is given in many categories to recognize all plan types, so any plan sponsor can be eligible.
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
Hub Expects Good Retirement Outcomes for American Workers
A solid retirement plan is essential for workers’ financial well-being and may be just as important as health benefits, the firm argues.
Making Sense of the Interest Rate Evolution
The economy is expanding fast, and the U.S. Federal Reserve is growing more worried about inflation than employment; that much is clear in early 2022, but what comes next for the markets and the economy is not.
Court Compels Arbitration in ERISA Case
The plaintiff in a 403(b) ERISA excessive fee lawsuit filed against Baptist Health South Florida has been ordered by a district court to enter an arbitration process.
Retirement Industry People Moves
NFP realigns its Northeast region leadership; SageView announces $900 million acquisition; MSCI announces senior leadership changes; and more.
Market Mirror Market Mirror Graph

Friday, the Dow lost 450.02 points (1.30%) to finish at 34,265.37, the Nasdaq closed 385.10 points (2.72%) lower at 13,768.92, and the S&P 500 decreased 84.79 points (1.89%) to 4,397.94. The Russell 2000 was down 36.12 points (1.78%) at 1,987.92, and the Wilshire 5000 fell 922.32 points (2.04%) to 44,219.82.

The price of the 10-year Treasury note increased 4/32, bringing its yield down to 1.768%. The price of the 30-year Treasury bond climbed 30/32, decreasing its yield to 2.082%.

For the week ending January 21, the Dow fell 4.58%, the Nasdaq was down 7.55%, and the S&P 500 decreased 5.68%. The Russell 2000 lost 8.07%, and the Wilshire 5000 finished 6.12% lower.

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