Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 9th, 2020

A Case for Both

“It’s almost like religion or politics: If someone is firmly on one side of the fence, you’ll never talk them over to the other side,” says Jim Sampson, director of retirement advisory services with Hilb Group Retirement Services in Warwick, Rhode Island.  Read more >
How Advisers Serving MEPs and PEPs Can Be Conflicted
The most obvious potential conflict of interest for advisers setting up or serving pooled employer plans is if their practice is affiliated with the investments being selected—but there are other potential pitfalls to acknowledge. Read more >
$300 Million Plan Faces ERISA Fiduciary Breach Lawsuit
The plan being challenged in the latest fiduciary breach lawsuit held less than $300 million as of the start of last year, making it one of the smallest to become the target of an ERISA complaint. Read more >
DOL Aims to Quickly Simplify Conflict of Interest Framework
The main theme of the new fiduciary rule proposal is alignment with other regulators—the SEC and FINRA in particular—but the agency is by no means surrendering its jurisdiction over tax-qualified retirement plans. Read more >
Equity Compensation Considerations
The highest appreciation for equity awards was found at companies that deliver education and personalized advice that put equity compensation in the context of a participant’s overall financial picture, design a clear plan for easy engagement, and drive a strong culture that reinforces the company’s growth potential. Read more >
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
Biden’s First Veto Keeps DOL’s ESG Rule in Place
2023 Retirement Plan Adviser of the Year Finalists
Experts Predict Major Growth in Retirement Coverage, Benefits
Complying With the Custody Rule and the New Custody Proposal
Compliance When It’s Tough
Under normal circumstances, running a retirement plan requires attention to detail to avoid mistakes, but in today’s environment the task is even trickier. Consider the wildly fluctuating investment market, companies and staff learning new processes in order to work remotely, the new regulations for loans and distributions. Read more >
In Case You Missed It: Vertical Integration in the Financial Services Industry
The concept of ‘vertical integration’ is historically association with heavy manufacturing industries such as steel production, but it is increasingly the goal in financial services M&A transactions. 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 >
NFP Launches Financial Wellness Platform
Called WellCents, it is designed for employers of all sizes. Read more >
Market Mirror
Wednesday, the Dow closed 177.10 points (0.68%) higher at 26,067.28, the NASDAQ gained 148.61 points (1.44%) to finish at 10,492.50, and the S&P 500 was up 24.62 points (0.78%) at 3,169.94. The Russell 2000 increased 11.41 points (0.81%) to 1,427.40, and the Wilshire 5000 climbed 276.50 points (0.86%) to 32,360.38. The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.659%. The price of the 30-year Treasury bond decreased 5/32, bringing its yield up to 1.397%.
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