PLANADVISERdash – June 11, 2020

Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR

June 11th, 2020

Keeping Up With the Workplace

Based on self-reported data provided to the Certified Financial Planner (CFP) Board of Standards Inc., less than 3.5% of all 80,000 Certified Financial Planners in the U.S. are black or Latino—significantly less than the representation of blacks and Latinos in the U.S. population. Read more >

A Notice About Our Fall/Winter Conferences

It’s difficult to plan for the second half of the year, considering that so much is unknown, but we do know how important it is to gather and learn from your peers and industry experts. However, we realize you have concerns about travel to, and attendance at, an in-person event; we have them too. Read more >

Another Health System Faces ERISA Excessive Fee Challenge

In yet another lawsuit involving the law firm Capozzi Adler, violations of the fiduciary duties of prudence and loyalty are alleged. Read more >

More Micro Plans Embrace Fee Leveling

The larger micro plans were more apt to employ fee equalization strategies than our previous survey found: 31% compared with 18% in 2018. This was likely driven by improved recordkeeper capabilities. Read more >

CAPTRUST Continues M&A Push With Lakeside Wealth Acquisition

This is CAPTRUST’s 41st transaction since 2006. Speaking last year with PLANADVISER about CAPTRUST’s planned merger and acquisition (M&A) activity, the firm’s leadership emphasized the importance of bringing together personal wealth management and retirement plan services business for future growth and profitability. Read more >

MOST READ ARTICLES

Experts Predict Major Growth in Retirement Coverage, Benefits

Why 529 Education Savings Plans Are More Valuable Than Ever

Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans

Biden’s First Veto Keeps DOL’s ESG Rule in Place

A Reminder to Avoid Fraudulent Hardship Withdrawals

Small-Plan Governance

Advisers can help with the functions of a committee—even a three-member one. Read more >

Winners' Circle: Invested in Technology

Technology resources for retirement plans and retirement plan advisers have increased dramatically over the last decade and a half. Whether all of the new entrants to the technology space have been improvements could be debated, depending on whom you ask. Read more >

The Future of Emergency Savings Post-COVID

It took a catastrophic global event to demonstrate how ill-prepared many Americans are for even a brief interruption of income—including many people high up on the income scale. Read more >

Market Mirror

Wednesday, the Dow closed 282.31 points (1.04%) lower at 26,989.99, the NASDAQ increased 66.59 points (0.67%) to 10,020.35, and the S&P 500 was down 17.04 points (0.53%) at 3,190.14. The Russell 2000 lost 39.66 points (2.63%) to finish at 1,467.39, and the Wilshire 5000 decreased to 32,465.88. The price of the 10-year Treasury note was up 9/32, decreasing its yield to 0.735%. The price of the 30-year Treasury bond increased 1 6/32, bringing its yield down to 1.511%.

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