June 29th, 2018

Second Amended ERISA Complaint Targeting Xerox HR Solutions Tossed by District Court Considering a second amended complaint much broader than the original, a district court has once again rejected allegations by participants in a Ford Motor Company retirement plan that Xerox HR Solutions, the recordkeeper, violated the Employee Retirement Income Security Act. Read more > Bill Aims to Expedite Payments to Participants Affected by Health System DB Plan Lawsuits The legislation helps protect defendants who settle lawsuits from claims from co-defendants. Read more > University Points Out Differences Between 403(b)s and 401(k)s in Motion to Dismiss Lawsuit George Washington University has been sued over fees for its 403(b) plan. Read more > LPL Recalibrates Retirement Business for the Long-Term Bill Beardsley, head of Retirement Partners at LPL, gives his take on the firm’s decision to close the Worksite Financial Solutions program, and on his plans for lasting growth in the DC retirement space. Read more > MOST READ ARTICLES 1 Stimulus Bill Extends Some Provisions of the CARES Act 2 Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients 3 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 4 Many Near-Retirees Don't Understand Social Security Benefits 5 The Most Common Retirement Plan Testing Mistakes

Investment Products and Services Launches Transamerica Launches Stable Value Account for Retirement Plans; TD Ameritrade to Provide CLS Fund Models on Market Center Platform; Fidelity Offers Third ESG Investing Option; and more. Read more > The Value of HSAs Adding a new revenue stream to your practice Read more > Market Mirror Thursday, the Dow increased 98.46 points (0.41%) to 24,216.05, the NASDAQ climbed 58.60 points (0.79%) to 7,503.68, and the S&P 500 gained 16.68 points (0.62%) to finish at 2,716.31. The Russell 2000 was up 4.56 points (0.28%) at 1,645.02, and the Wilshire 5000 closed 157.10 points (0.56%) higher at 28,370.08.   The price of the 10-year Treasury note decreased 5/32, bringing its yield up to 2.844%. The price of the 30-year Treasury bond down 1/32, increasing its yield to 2.968%.

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