July 6th, 2020

Three New ERISA Lawsuits Bash Actively Managed TDFs Three new lawsuits question the offering of actively managed target-date funds to retirement plan participants. Read more > Attorneys Offer Closer Reading of DOL’s Open MEP RFI Advisers and broker/dealers hoping to work with open multiple employer plans now have a short window to offer their perspectives to the Department of Labor and the Internal Revenue Service. Read more > The Alternative Workplace Best practices when you need to e-advise. Read more > A Case for Both The merits of passive vs. active management. Read more > MOST READ ARTICLES 1 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 2 2023 Retirement Plan Adviser of the Year Finalists 3 Biden’s First Veto Keeps DOL’s ESG Rule in Place 4 Complying With the Custody Rule and the New Custody Proposal 5 Experts Predict Major Growth in Retirement Coverage, Benefits

Sponsored message from PLANADVISER Thought Leadership gives retirement plan advisers the knowledge they need for business success. Click here to learn more Read more > Compliance When It's Tough Advisers should scope out any plan errors to keep their clients on course. Read more > Damage Control in a Downturn Tips for curating plan sponsors’ responses to a crisis. Read more > Market Mirror Thursday, the Dow rose 92.39 points (0.36%) to reach 25,827.36, the NASDAQ was up 53.00 points (0.52%) to close at 10,207.61, and the S&P 500 was up by 14.15 points (0.45%) to finish at 3,130.01. The Russell 2000 inched upwards by 4.55 points (0.32%) to end at 1,431.86, and the Wilshire 5000 gained 137.65 points (0.43%) for a 31,876.75 close. The price of the 10-year Treasury note was up 0/32, lowering its yield to 0.673%, and the price of the 30-year Treasury bond was down 2/32, increasing its yield to 1.432%. WEEK’S WORTH: For the week ended July 2, the Dow was up 3.25%, the S&P 500 gained 4.02%, and the NASDAQ increased by 4.62%. The Russell 2000 was up by 3.85%, and the Wilshire 5000 was up by 3.89%.

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