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Weekday news and analysis for retirement plan advisers
Monday, June 14, 2021
Exclusives | Awards | Research | Events
Excessive Fee Lawsuits Expected to Continue to Rain Down on Plans
Settlements have totaled more than $1 billion, making insurers think twice about new fiduciary insurance policies.
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Deals & People
Practice Management
Client Service
Data & Research
Talking Digital Advice Trends With Morningstar and DFA
Morningstar Investment Management’s head of digital advice outlines his firm’s expanding collaboration with Dimensional Fund Advisors—the goal of which is to deliver a more customizable managed account service to market in support of financial advisers.
Today’s Most Read
1. The Most ‘Outrageous’ ERISA Complaints Yet Filed?
2. The New Vesting Schedule Debate
3. What Mutual Fund Fee Disparities Mean for Retirement Savings
ForUsAll Features Cryptocurrency in New Alt 401(k) Platform
Employees will be allowed to transfer up to 5% of their balances into a secure account that has exposure to certain cryptocurrencies.
Adviser Op-Ed: Addressing the Retirement Plan Provider Disconnect
In today’s challenging operating environment, the adviser must not only provide sound advice for their client but take on multiple roles—including play caller and coordinator.
ERISA Excessive Fee Lawsuit Filed Against Generac Power Systems

The complaint includes allegations similar to those in many suits filed over the past few years.

Retirement Industry People Moves
Moneta hires first female CIO; Mesirow Board of Directors appoints new president; TRA hires Mid-Atlantic regional sales consultant; and more.
Market Mirror Market Mirror Graph

Friday, the Dow was up 13.36 points (0.04%) at 34,479.60, the Nasdaq closed 49.09 points (0.35%) higher at 14,069.42, and the S&P 500 increased 8.26 points (0.19%) to 4,247.44. The Russell 2000 climbed 24.40 points (1.06%) to 2,335.81, and the Wilshire 5000 gained 149.64 points (0.34%) to finish at 44,618.17.


The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.453%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 2.141%.


For the week ending June 11, the Dow decreased 0.80%, the Nasdaq gained 1.85%, and the S&P 500 was up 0.41%. The Russell 2000 climbed 2.16%, and the Wilshire 5000 finished 0.86% higher.

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