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 >
MOST READ ARTICLES
1
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
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Media Company Latest to Face Legal Scrutiny Over Fidelity Freedom Funds
3
DOL’s ESG Restrictions Prompt Retirement Industry Head Scratching
4
Mercy Health Charged With Excessive Fees, Prohibited Transactions
5
Four Things to Know About Changes to Employer Contributions
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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