Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 15th, 2019
Labor Secretary Acosta Resigns Amid Controversy
President Donald Trump announced Deputy Labor Secretary Patrick Pizzella will replace Acosta’s role in an acting capacity. Read more >
EBRI Projects Effect of Retirement Proposals on Retirement Income Adequacy
Introducing auto portability and allowing open multiple employer plans (MEPs) were simulated to have the biggest impact on decreasing the retirement income deficit. Read more >
Retirement Industry People Moves
Insight Investment names portfolio strategist; Ascensus adds RVP to cover northern Texas region; QMA announces chief business officer; and more. Read more >
ESOP Opportunities
Employers and employees both receive benefits Read more >
MOST READ ARTICLES
1
$300 Million Plan Faces ERISA Fiduciary Breach Lawsuit
2
Three New ERISA Lawsuits Bash Actively Managed TDFs
3
Another Lawsuit Challenges Use of Untested CITs in 401(k) Plan
4
DOL Aims to Quickly Simplify Conflict of Interest Framework
5
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
When Sponsors Want a 3(38) Adviser
Establishing well-defined ground rules and procedures is key Read more >
HCEs Gain From Workplace Advice
Retail and retirement plan advisers each have a different expertise Read more >
Market Mirror
Friday, the Dow rose by 243.95 points (0.90%) to close at 27,332.03, the NASDAQ was up by 48.10 points (0.59%) for a 8,244.14 close, and the S&P 500 was up by 13.86 points (0.46%) for a 3,013.77 finish. The Russell 2000 gained 12.08 points (0.78%) to reach 1,570.00, and the Wilshire 5000 was up by 155.34 points (0.50%) to reach 30,984.92. The price of the 10-year Treasury note was up 2/32, decreasing its yield to 2.177%, and the price of the 30-year Treasury bond was up 3/32, lowering its yield to 2.643%. WEEK’S WORTH: For the week ended July 12, the Dow was up 1.52%, the S&P 500 was up 0.78%, and the NASDAQ gained 1.00%. The Russell 2000 ticked downward by 0.35%, and the Wilshire 500 was up 0.72%.
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