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Weekday news and analysis for retirement plan advisers
Monday, June 27, 2022
Exclusives | Awards | Research | Events
MITRE Corp. Faces Familiar ERISA Fiduciary Breach Allegations
Another group of plaintiffs represented by the law firm Capozzi Adler has filed a proposed class action lawsuit—in this case, against their employer, the MITRE Corp., and various related defendants, such as company’s board of directors—for alleged fiduciary breaches in the provision of retirement plan benefits.
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Deals & People
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Data & Research
Retirement Industry People Moves
SageView Advisory Group acquires Los Angeles-based wealth management firm; OneAmerica brings aboard new head of retirement business development; NFP appoints surety leader in Canada; and more.
Today’s Most Read
1. Hub Launches 401(k) PEP for Small, Midsize Plan Sponsors
2. When Attorney-Client Privilege Applies Under ERISA
3. Suggestions for Best Plan Participant Service
Findings From the 2022 PLANADVISER DCIO Survey
We reassess the reach of defined contribution investment only marketplace—and how industry insiders expect intermediaries to expand the current concentration of assets among a few DCIO providers to competing investment firms.
The Role of the 401(k) in Today’s Tight Labor Market
Designing a retirement plan that meets the needs of the business—and today’s employees—requires a fresh outlook.
Advisers Giving Back: Independent Financial Group
David Fisher says IFG’s community has been good to him, his firm’s people and their families—so for him, an important part of being an adviser industry leader is about giving back in San Diego.
Real Estate Fund Investments
An REOC lets asset managers avoid ERISA limits.
Market Mirror Market Mirror Graph

Friday, the Dow gained 823.32 points (2.68%) to 31,500.68, the Nasdaq increased 375.43 points (3.34%) to 11,607.62, and the S&P 500 was up 116.10 points (3.06%) to close at 3,911.82. The Russell 2000 gained 54.05 points (3.16%) to 1,765.72, and the Wilshire 5000 increased 1,180.82 points (3.13%) to 38,933.70.

The price of the 10-year Treasury note fell 25/32 bringing its yield up to 3.133%. The price of the 30-year Treasury bond decreased 1 1/32 bringing its yield up to 3.266%.

For the week ending June 24, the Dow was up 5.39%, the Nasdaq gained 7.49%, and the S&P 500. The Russell 2000 increased 6.00%, and the Wilshire climbed 6.58%.

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