June 2nd, 2020

Split Supreme Court Rules in Thole v. U.S. Bank, With Major Implications for Pensions The case is expected to help determine whether the millions of Americans whose pensions are held in defined benefit plans have the right to sue the fiduciaries of their plans for mismanaging assets, even when their own retirement benefit has not suffered. Read more > Supreme Court’s Thole v. U.S. Bank Ruling Has Constitutional Import Normally the Supreme Court strives to structure its rulings with the narrowest possible scope and implications, but that is not always the case. Read more > A Retirement-Ready Majority is Within Reach The percentage of participants who are overly conservative starts relatively high, reflecting the fact that many younger participants tend to be market shy. Conversely, relative aggressiveness increases with age, as older participants play catch-up by relying on stock investments. Read more > Emory University to Pay $16.75 Million to Settle 403(b) Excessive Fee Suit The agreement also calls for the university to issue an RFP for recordkeeping services and engage an independent consultant to review investments, among other things. Read more > MOST READ ARTICLES 1 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 2 Biden’s First Veto Keeps DOL’s ESG Rule in Place 3 2023 Retirement Plan Adviser of the Year Finalists 4 Experts Predict Major Growth in Retirement Coverage, Benefits 5 Complying With the Custody Rule and the New Custody Proposal

Sponsored message from John Hancock State of the participant 2020: readiness within reach Reflections on retirement readiness and ideas for improvement. Read more > IRS Moves Certain Deadlines for DB, 403(b) Plans The agency says it is postponing deadlines for certain time-sensitive actions required by these plans and others because of the COVID-19 emergency. Read more > 2020 PLANADVISER Micro Plan Survey Our data shows micro plans have much to gain from adviser help with fiduciary matters. Read more > Market Mirror Yesterday, the Dow gained 91.91 points (0.36%) to finish at 25,475.02, the NASDAQ closed 62.18 points (0.66%) higher at 9,552.05, and the S&P 500 was up 11.42 points (0.38%) at 3,055.73. The Russell 2000 increased 11.34 points (0.81%) to 1,405.37, and the Wilshire 5000 climbed 181.03 points (0.59%) to 31,108.07. The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.670%. The price of the 30-year Treasury bond fell 1 24/32, bringing its yield up to 1.464%.

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