Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 1st, 2020
Retirement Plan Cyberfraud Suit Moves On With Claims Against Both Parties
A federal judge previously moved forward ERISA claims against retirement plan providers and has recently allowed for a counterclaim by the providers against the plan sponsor. Read more >
Lawsuit Calls Into Question Reasons for Fund Changes
Plan participants claim prohibited transactions between a plan sponsor and its investment manager relating to a revamp of the plan’s investment lineup. Read more >
John Hancock Retirement Unveils Two Digital Tools
They are designed to help financial professionals better serve clients in the current digital environment in light of COVID-19. Read more >
CFP Board Outlines Enforcement for Revised Ethics Code
The board will begin enforcement of the Code of Ethics and Standards of Conduct on June 30. Read more >
Why Small Business Owners Often Resist 401(k)s
What Exactly Is Driving the Great Resignation?
John Hancock Defeats ERISA Foreign Tax Credit Lawsuit
'Massive' Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya
Retirement Industry People Moves
Retirement Industry People Moves
TRA adds newest regional sales consultant; Mercer selects responsible investment leaders; Newport acquires TPA business at Huntington National Bank; and more. Read more >
Mind-Body Wellness
Employers aim to improve workers’ financial well-being. Read more >
Market Mirror
Friday, the Dow was down 17.53 points (0.07%) at 25,383.11, the NADAQ closed 120.88 points (1.29%) higher at 9,489.87, and the S&P 500 was up 14.58 points (0.48%) at 3,044.31. The Russell 2000 decreased 6.64 points (0.47%) to 1,394.04, and the Wilshire 5000 increased 161.93 points (0.53%) to 30,925.98.   The price of the 10-year Treasury note was up 4/32, decreasing its yield to 0.651%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 1.410%.   For the week ending May 29, the Dow climbed 3.75%, the NASDAQ was up 1.77%, and the S&P 500 finished 3.01% higher. The Russell 2000 increased 2.84%, and the Wilshire 5000 gained 3.03%.
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