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Weekday news and analysis for retirement plan advisers
Thursday, July 15, 2021
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Confidential Settlement Reached in Excessive Fee Suit Against Voya
A lawsuit against Voya Financial and Voya Retirement Insurance and Annuity Co. has been dismissed because the parties have reached a confidential settlement resolving all claims.
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Koch Industries Agrees to $4 Million Settlement of ERISA Excessive Fee Suit
The settlement includes a stipulation to perform a recordkeeper RFP.
Today’s Most Read
1. Human Interest Offers 3% Cash Back for New Retirement Savers
2. Retirement Industry People Moves
3. Pilot Sues American Airlines Due to ESG 401(k) Investing Strategy
The Promise of Sustainable Investing
Getting past misconceptions to help advisers and their clients leverage ESG.
Wirehouse Advisers Less Satisfied Than Others
In a J.D. Power survey, independent advisory firms were more likely to have a higher satisfaction score than employee groups. 
Market Mirror Market Mirror Graph

Wednesday, the Dow increased 44.44 points (0.13%) to 34,933.23, the Nasdaq closed 32.70 points (0.22%) lower at 14,644.95, and the S&P 500 was up 5.09 points (0.12%) at 4,374.30. The Russell 2000 fell 36.51 points (1.63%) to 2,202.36, and the Wilshire 5000 lost 102.85 points (0.23%) to finish at 45,410.75.

The price of the 10-year Treasury note increased 29/32, bringing its yield down to 1.342%. The price of the 30-year Treasury bond climbed 1 7/32, decreasing its yield to 1.975%.

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