Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 1st, 2021

SECURE Act and CARES Act Still Demand Client Diligence

As an example, if a plan sponsor has not yet started tracking part-time employees to see whether they accumulate 500 hours of service in 2021, they should begin doing so immediately. Read more >
Why Annuities Are So Helpful in Today’s Market Environment
Thanks to increases in longevity and lower expected returns from stocks and bonds in the foreseeable future, annuities are now seen as a big part of the solution Read more >
2021 PLANSPONSOR Plan Adviser of the Year Nominations Open
Nominations for the 2021 PLANSPONSOR Retirement Plan Adviser of the Year awards may be made by plan sponsor clients, employers, brokers/dealers of eligible advisers, as well as from working partners of these advisers. Read more >
Principal Life Insurance Co. Named In Self-Dealing ERISA Suit
Related self-dealing claims made against other national financial services providers by participants in their own retirement plans have met varying degrees of success. Read more >
2023 Retirement Plan Adviser of the Year Finalists
Retirement Advisers Increasingly Want PEP Option in Toolbox
With SECURE 2.0, the Cash Balance DB Plan May Be Back
A Reminder to Avoid Fraudulent Hardship Withdrawals
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
Pandemic Forcing Many to Retire Earlier Than Anticipated
Nearly 70% of retirees say they retired earlier than they had expected, up from 50% in 2020. Read more >
Retirement Industry People Moves
Private equity firms acquire Wells Fargo Asset Management; Voya Retirement expands small-mid market corporate team; and more. Read more >
Market Mirror
Friday, the Dow fell by 469.64 points (1.50%) for a 30,932,37 close, the NASDAQ ticked upwards by 72.91 points (0.56%) to end at 13, 192.34, and the S&P 500 gave up 18.19 points (0.48%) to 3,811.15. The Russell 2000 was basically unchanged, but up by 0.88 points (0.04%) to end at 2,201.05, and the Wilshire 5000 was down 120.72 points (0.30%) for a 40,508.68 close. The price of the 10-year Treasury note was up 31/32, decreasing its yield to 1.421%, and the price of the 30-year Treasury bond was up 1 27/32, lowering its yield to 2.132%. WEEK’S WORTH: For the week ended February 26, the Dow declined by 1.78%, the S&P 500 lost 2.45%, and the NASDAQ was down 4.92%. The Russell 2000 declined by 2.90%, and the Wilshire 5000 fell by 2.87%.
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