Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 19th, 2020
Excessive Recordkeeping Fees Cited in Oshkosh ERISA Challenge
The lawsuit points to a variety of alleged fiduciary breaches related to the Oshkosh Corp.’s retirement plan’s investment and recordkeeping fees. Read more >
Texas Couple Admits to $15M Retirement Plan Embezzlement Scheme
A Texas couple faces a collective 22 years in prison after pleading guilty to an embezzlement and identity theft scheme that eventually funneled more than $15 million out of some 20 retirement plans. Read more >
Transamerica Creates Online Financial Wellness Center
It covers a wide range of topics, from budgeting to preparing for retirement. Read more >
‘Gray Divorce’ on the Rise
The trend points to increased financial risk in retirement. Read more >
Excessive Fee ERISA Complaint Targets Cook Group
Barnabas Health Latest to Settle ERISA Suit
An Update on the SEC’s Private Fund Rule
Kellogg Faces ERISA Managed Account Fee Complaint
Strategies for Reining In Health Care Costs in Early Retirement
Social Security Needs YOU
Advisers are asked to advocate for the program’s reform. Read more >
Investments That Sustain …
ESG-conscious fixed-income products can strengthen a portfolio. Read more >
Market Mirror
Thursday, the Dow was down 39.51 points (0.15%) at 26,080.10, the NASDAQ closed 32.52 points (0.33%) higher at 9,943.05, and the S&P 500 was up 1.85 points (0.06%) at 3,115.34. The Russell 2000 gained 7.47 points (0.53%) to finish at 1,427.08, and the Wilshire 5000 increased 43.79 points (0.14%) to 31,772.53.   The price of the 10-year Treasury note increased 25/32, bringing its yield down to 0.705%. The price of the 30-year Treasury bond climbed 1 3/32, decreasing its yield to 1.476%.
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