Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 22nd, 2020

Mentorship, Diversity and Opportunity

Successful advisers say mentorship is a key to solving the industry’s clear and present diversity problem. Though their personal experiences are different, they all agree that an adviser does not have to wait until they are on top of the professional world in order to make a difference by engaging with young people.  Read more >
Lawsuit Suggests Relationship With Recordkeeper May Have Caused Excessive Fees
The plaintiffs say fiduciaries of Koch Industries-affiliated DC plans allowed them to pay up to six times more than what similarly sized plans would have paid for such services.” Read more >
Doll Says Recession Will Be Deepest Since WWII
Nuveen’s Bob Doll predicts that all-time low yields will move higher during the second half of the year, with the 10-year Treasury closing the year above 1%. His third prediction is that earnings will collapse, but rise by the fourth quarter. Read more >
Parties Voluntarily Dismiss Case Challenging American Airlines’ DB Plan Calculations
The case applied to several DB plans sponsored by the company and challenged the use of an “inherently unreasonable” mortality table for calculating benefits. Read more >
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Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
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HUB International Running Full Steam Ahead on RIA Acquisitions
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Has the DOL Found an ESG Middle Ground?
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A New World and New Opportunities for Alpha
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OMB Has Received a Final Fiduciary Rule From DOL
2020 PLANADVISER Micro Plan Survey
A look at the many services that retirement plan advisers provide to micro plans, i.e. those with less than $5 million in assets, particularly review of fund performance and plan investment selection guidance. Read more >
15th Anniversary of RPAY: Chad Larson
Chad Larsen, retirement practice leader at Inter-Mountain Retirement Partners Inc. (MRP), a division of HUB International Investment Services, was named PLANSPONSOR Retirement Plan Adviser of the Year in 2007. That year, the Denver-based financial services professional worked with only one other adviser. Since then, he says, “we have had very consistent growth over the years, all organic.” Read more >
2020 PLANADVISER National Conference - Digital!
Join us live from the comfort of your desk on September 14–18, 2020! Read more >
Market Mirror
Tuesday, the Dow closed 159.53 points (0.60%) higher at 26,840.40, the NASDAQ fell 86.73 points (0.81%) to 10,680.36, and the S&P 500 was up 5.46 points (0.17%) at 3,257.30. The Russell 2000 gained 14.19 points (0.96%) to finish at 1,487.51, and the Wilshire 5000 increased 53.97 points (0.16%) to 33,372.85. The price of the 10-year Treasury note was virtually unchanged, with its yield at 0.613%. The price of the 30-year Treasury bond was down 1/32, bringing its yield up to 1.311%.
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