Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 2nd, 2020

The Obligation to Save Social Security

With the recent passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, advisers and other retirement plan service providers have an opportunity to build on their successful lobbying effort. Read more >
Parties Agree to $12M Settlement in Oracle ERISA Lawsuit
The proposed settlement agreement includes non-monetary provisions restricting the 401(k) plan’s recordkeeper from cross-selling retail financial products and services to participants. Read more >
Questions Left Unanswered in Supreme Court’s Intel Ruling
ERISA attorneys are grappling with the potential implications of the Supreme Court’s new ruling in Intel vs. Sulyma; some are speculating the growing use of electronic delivery methods for retirement plan disclosures may reduce the impact. Read more >
Can ‘White Glove’ Brokers Steal Fidelity’s Lunch?
High-end brokerage firms are seeing the appeal of being able to serve the middle and mass affluent markets, thanks in large part to the success of Fidelity and Charles Schwab. 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
A Reminder to Avoid Fraudulent Hardship Withdrawals
Consolidation Pressures
2019 breaks M&A records. Read more >
Missing the Mark?
Plan success measures are all over the map. Read more >
Retirement Industry People Moves
Former Pentegra SVP launches expert firm focused on group retirement plans; Barber rejoins Franklin Templeton to head municipal bond team; Schwab to acquired fixed income separate accounts manager; and more. Read more >
Market Mirror
Friday, the Dow closed 357.28 points (1.39%) lower at 25,409.36, the NASDAQ was virtually unchanged at 8,567.37, and the S&P 500 was down 24.54 points (0.82%) at 2,954.22. The Russell 2000 lost 21.44 points (1.43%) to finish at 1,476.43, and the Wilshire 5000 decreased 260.65 points (0.86%) to 30,124.99.   The price of the 10-year Treasury note increased 8/32, bringing its yield down to 1.182%. The price of the 30-year Treasury bond climbed 1 3/32, decreasing its yield to 1.711%.   For the week ending February 28, the Dow dropped 12.36%, the NASDAQ finished 10.54% lower, and the S&P 500 lost 11.49%. The Russell 2000 plunged 12.04%, and the Wilshire 5000 fell 11.57%.
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