Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 17th, 2020
Time to Comply: No ‘Grace Period’ Likely for Reg BI
As the SEC’s June 30 Regulation Best Interest deadline nears without hope of a grace period, sources say many financial services firms aren’t ready to comply. Read more >
Leading by Example
It’s hard to believe, but it has been 15 years since we gave our first award, to John Mott of Smith Barney in Houston, now with Morgan Stanley but still in Houston. Since that first ceremony, in 2005, we have recognized, through the individual and various team categories of the award, 39 individuals and teams. Read more >
Sharing Ownership
Through the start of the 21st century, retirement plan sponsors viewed company stock as an inexpensive means of adding an asset to the retirement benefits package and rewarding employees for the company’s performance. But that has been changing steadily over the past decade-and-a-half. Read more >
Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation
More TDF Underperformance ERISA Lawsuits Filed
Dover Corporation Faces ERISA Suit Over Managed Account Fees
The Future of Work in the Investment Industry
Lawsuit Against Northern Trust Over TDFs Will Proceed
Sponsored message from PLANADVISER Staff
PLANADVISER National Conference
We are in unprecedented times of uncertainty and volatility. We don’t know how long this will last, but we do know that in September we will have the best and the brightest of retirement plan advisers in Arizona for the PLANADVISER National Conference. With an advisory board of past PLANSPONSOR Retirement Plan Advisers of the Year, we are certain this will be a premier event for top-tier learning, networking and making connections with peers and providers! Join us and register today! (The first 25 advisers to register today and book their hotel room will get the first night free on a two-night reservation!) Read more >
Data Mine—March 2020
Women earning over $90,000 have a greater average savings rate (10.3%) than men earning the same (10.0%), ultimately leading to a potential increase of $516 more per year in retirement income vs. their male counterparts.  Read more >
BOK Financial Faced With Self-Dealing Suit
Plaintiffs say the choice of underlying investments in funds using BOK’s CIT structure, as well as the use of BOK’s proprietary money market fund, were to benefit the firm. Read more >
Market Mirror
Yesterday, the Dow fell 2,997.10 points (12.93%) to 20,188.52, the NASDAQ lost 970.28 points (12.32%) to finish at 6,904.59, and the S&P 500 closed 324.89 points (11.98%) lower at 2,386.13. The Russell 2000 took a 172.72-points (14.27%) dive to close at 1,037.41, and the Wilshire 5000 plunged 3,323.26 points (12.24%) to 23,818.59. The price of the 10-year Treasury note increased 2 25/32, bringing its yield down to 0.748%. The price of the 30-year Treasury bond climbed 5 28/32, decreasing its yield to 1.334%.
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