Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 7th, 2020

The Art of Adaptation

As defined contribution (DC) plans have evolved, so have the tools and services that investment managers offer plan advisers in the form of defined contribution investment-only (DCIO) products. Read more >
Court Calls Foul (For Now) on Northrop Grumman Settlement
Following the filing of various class member objections, a federal district court has denied a settlement agreed to by the parties in an ERISA fiduciary breach lawsuit against Northrop Grumman. Read more >
Another Lawsuit Challenges Use of Untested CITs in 401(k) Plan
A similar lawsuit was filed in May against an investment manager and a different plan sponsor. Read more >
Fidelity to Pay $28.5 Million to Settle Self-Dealing Suit
According to the settlement agreement, it is entered into “solely for the purpose of avoiding possible future expenses, burdens or distractions of litigation,” and all defendants deny any wrongdoing. Read more >
2023 Retirement Plan Adviser of the Year Finalists
A Reminder to Avoid Fraudulent Hardship Withdrawals
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Small Businesses and SECURE 2.0: Exemptions and Tax Credits
Retirement Industry People Moves
Sponsored message from ISS MEDIA
The May— June Issue of PLANADVISER MAGAZINE has arrived.
Click here to read>> Read more >
Practice Progress Webinar Series
Each month, the editors of PLANADVISER will bring together industry experts to discuss practice management, client service, compliance, investments and more. Read more >
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 >
IRS Actively Seeking Out CARES Act Fraudsters
Officials say criminals have already gotten millions in PPP loans and unemployment insurance. Read more >
Market Mirror
Yesterday, the Dow gained 459.67 points (1.78%) to finish at 26,287.03, the NASDAQ closed 226.02 points (2.21%) higher at 10,433.65, and the S&P 500 increased 49.71 points (1.59%) to 3,179.72. The Russell 2000 was up 11.02 points (0.77%) at 1,442.88, and the Wilshire 5000 climbed 502.34 points (1.58%) to 32,379.10. The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.682%. The price of the 30-year Treasury bond decreased 2/32, bringing its yield up to 1.442%.
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