Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 6th, 2020
Revenue Sharing, Recordkeeping Fees at Issue in Trader Joe’s Lawsuit
Employees of the grocery chain accuse their employer of acting imprudently in the selection of retirement plan investment options and of failing to monitor the services and fees paid. Read more >
Slocum Reaches Settlement in Banner Health ERISA Dispute
Case documents note the settlement has only been reached after “extensive litigation, lengthy discovery and protracted arm’s-length negotiations with the assistance of a national mediator.” Read more >
ERISA 403(b) Litigation Informs Plan Governance Practices
403(b) plan sponsors need help understanding their fiduciary duties, reviewing plan investment lineups and benchmarking fees. Read more >
Foul Weather
The value of facilitating emergency savings accounts at the workplace. Read more >
Biden’s First Veto Keeps DOL’s ESG Rule in Place
Experts Predict Major Growth in Retirement Coverage, Benefits
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
Why 529 Education Savings Plans Are More Valuable Than Ever
Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans
Advisory practices can be good candidates for ESOPs. Read more >
To Surmount the Gender Gap
The financial adviser industry works to change with the times. Read more >
Market Mirror
Friday, the Dow fell 233.92 points (0.81%) to 28,634.88, the NASDAQ closed 71.42 points (0.79%) lower at 9,020.77, and the S&P 500 decreased 23.00 points (0.71%) to 3,234.85. The Russell 2000 was down 5.90 points (0.35%) at 1,660.87, and the Wilshire 5000 lost 199.00 points (0.60%) to finish at 32,943.20.   The price of the 10-year Treasury note increased 30/32, bringing its yield down to 1.790%. The price of the 30-year Treasury bond climbed 1 30/32, decreasing its yield to 2.248%.   WEEK’S WORTH: For the week ending January 3, the Dow was down 0.04%, the NASDAQ was up 0.16%, and the S&P 500 finished 0.16% lower. The Russell 2000 lost 0.49%, and the Wilshire 5000 decreased 0.10%.
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