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 >
MOST READ ARTICLES
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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