Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 20th, 2020

Managers See Stocks Buoyed by Stimulus

They warn that there could be a market pullback when second-quarter earnings start being reported and that the coronavirus’ legacy could be $1 trillion in business activity never returning. Read more >
Biogen Inc. Faces ERISA Challenge Over Funds, Fees
While not the smallest to face an excessive fee lawsuit in recent years, Biogen’s defined contribution plan held less than $1 billion at the start of the proposed class period. Read more >
Practice Progress Webinar Series
Each month, the editors of PLANADVISER will bring together industry expects to discuss practice management, client service, compliance, investments and more. Read more >
Retirement Industry People Moves
Crossroads Financial Services joins LPL RIA platform; Alliance acquires recordkeeping and HR consultant; Resources Investment Advisors adds MPRA to list of acquisitions; and more. Read more >
Efforts to Boost Americans’ Retirement Savings Continue at Full Speed
With Prudential Acquisition, Empower Aims for Growth Up to 3x Faster Than Other Recordkeepers
Eyes on the Investment Menu
‘Secure Act 2.0’ Likely to Become a Reality
ERISA Ruling in 5th Circuit Supports American Airlines Defendants
Protection During Downturns
Managed accounts, age-appropriate TDFs can each be attractive. Read more >
Apples vs. Oranges
For retirement plan participants, financial crises are not all the same. Read more >
Market Mirror
Friday, the Dow was down 62.76 points (0.23%) at 26,671.95, the NASDAQ increased 29.36 points (0.28%) to 10,503.19, and the S&P 500 was up 9.16 points (0.28%) at 3,224.73. The Russell 2000 gained 45.06 points (3.15%) to finish at 1,473.32, and the Wilshire 5000 closed 101.15 points (0.31%) higher at 32,907.02.   The price of the 10-year Treasury note decreased 22/32, bringing its yield up to 0.629%. The price of the 30-year Treasury bond was down 4/32, increasing its yield to 1.330%.   For the week ending July 17, the Dow gained 2.29%, the NASDAQ was down 1.08%, and the S&P 500 finished 1.25% higher. The Russell 2000 climbed 3.56%, and the Wilshire 5000 increased 1.17%.
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