Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 28th, 2019
Gucci to Pay $1.2M to Settle Excessive Fee Lawsuit
Of that amount, $395,000 will go to class counsel, and there were no conditions of change to plan design or processes in the settlement agreement. Read more >
MassMutual Pairs with CommonBond on Student Loan Refinancing Program
The program is becoming available on a rolling basis in local communities across the U.S. through MassMutual’s network of financial advisers, currently 9,000 strong. Read more >
OneAmerica PRT Account Holders Offered Enhanced Website
The expanded portal will provide the same level of service to retirees (who are currently receiving a payment/annuity) that it does to those still employed (or who are eligible but have not started to draw from their pension). Read more >
Investment Product and Service Launches
American Century Investments to develop new equity and fixed income suite; HealthSavings Administrators releases HSA investment vehicle; DWS Group launches ESG ETF; and more. Read more >
MOST READ ARTICLES
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SECURE Act Ensnared in Senate After Flying Through House
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Retirement Industry People Moves
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Dow, DuPont and Corteva Sued for Allegedly Ducking Pension Obligations
4
Newly Allowed 401(k)s Will Need Advisers
5
Adidas 401(k) Lawsuit Argues Passive Funds Best for Participants
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Webinars Multiply Possibilities
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Company Matches on the Rise
More than 2/3 of employers now sweeten the pot to help workers save Read more >
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Market Mirror
Thursday, the Dow was down 10.24 points (0.04%) at 26,526.58, the NASDAQ closed 57.79 points (0.73%) higher at 7,967.76, and the S&P 500 increased 11.14 points (0.38%) to 2,924.92. The Russell 5000 jumped 28.78 points (1.90%) to finish at 1,546.55, and the Wilshire 5000 closed 177.14 points (0.59%) higher at 30,069.37.   The price of the 10-year Treasury note increased 25/32, bringing its yield down to 2.011%. The price of the 30-year Treasury bond increased 31/32, decreasing its yield to 2.528%.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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