Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 25th, 2020

Build Referral Networks to Find the Right Clients

Retirement plan advisers can cultivate new business in a variety of ways, including cold calling and holding webinars and local events. But the most effective way to find new clients, they strongly agree, is through referrals. Read more >
IRS Actively Seeking Out CARES Act Fraudsters
Officials say fraudsters and criminals have already gotten millions in PPP loans and unemployment insurance. Read more >
DOL Proposes Stricter Rules About ESG Investing in Retirement Plans
The U.S. Department of Labor has proposed a new rule that would, in the words of Secretary of Labor Eugene Scalia, “update and clarify” the Department of Labor’s set of investment duties and requirements enforced under the Employee Retirement Income Security Act. Read more >
Costco Sued Over 401(k) Plan Investment, Recordkeeping Fees
The complaint calls out the warehouse club’s use of “more costly ‘actively managed funds’ rather than ‘index funds’ that offered equal or better performance at substantially lower cost.” Read more >
Practice Progress Webinar Series
Each month, the editors of PLANADVISER will bring together industry experts to discuss practice management, client service, compliance, investments and more. Read more >
Franklin Templeton to Acquire Putnam for $925 Million
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
Smart Acquires Managed Account Provider ProManage
Recordkeeper “House” Investment Options Worth a Look, But Carefully, Advisers Say
FINRA Fines Vanguard for Overstating Money Market Projections
Sponsored message from ISS MEDIA
The May— June Issue of PLANADVISER MAGAZINE has arrived. 
Click here to read>> Read more >
Apples vs. Oranges
“I don’t believe past trends can be implicative of what’s occurring now,” says Stacy Sandler, national leader for Deloitte’s retirement and wealth consulting practice in San Francisco. It is too soon to predict what will happen as a result of COVID-19, she says. Read more >
Employers Called on to Retain Older Workers
Beyond training, employers could help older workers to remain in the workforce by allowing them to transition from full-time to part-time work. Currently, only 28% of workers are given that option. Read more >
Damage Control in a Downturn
The smallest-plan sponsors may already be overwhelmed with workforce, business and retirement plan decisions. Read more >
Market Mirror
Wednesday, the Dow lost 710.16 points (2.72%) to finish at 25,445.94, the NASDAQ closed 222.20 points (2.19%) lower at 9,909.17, and the S&P 500 decreased 80.96 points (2.59%) to 3,050.33. The Russell 2000 was down 49.60 points (3.45%) at 1,389.74, and the Wilshire 5000 fell 840.56 points (2.63%) to 31,105.62. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 0.683%. The price of the 30-year Treasury bond increased 1 3/32, bringing its yield down to 1.437%.
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2023 Asset International, Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850