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Weekday news and analysis for retirement plan advisers
Wednesday, March 02, 2022
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ERISA VISTA
An Objectivity Lesson
The starting place for distinguishing between investment advice and education is the DOL’s Interpretive Bulletin 96-1. While that guidance applies to defined contribution plans, it is informative for the IRA rollover scenario.
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Supreme Court Won’t Consider CalSavers ERISA Preemption Lawsuit
The move by the high court stops an advocacy organization’s effort to halt the program, which provides workplace retirement savings for private sector workers whose employers do not offer a retirement plan.
Today’s Most Read
1. 'Massive' Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya
2. Why Small Business Owners Often Resist 401(k)s
3. Is the Traditional Fiduciary Insurance Model at Risk?
Life Happens
When participants have no choice but to draw from their retirement plan.
Record Diversity Additions and Scholarship Awards for CFP Board
The increase in gender and racial diversity among CFP professionals supports the board’s goal of increasing public access to competent and ethical financial planning.
High Hopes for Legislative Progress in Late 2022
Taking a cue from the process that led to the adoption of the SECURE Act in late 2019, one retirement industry policy advocate says the odds are good for passage of retirement-focused legislation by the end of the year. 
Market Mirror Market Mirror Graph

Tuesday, the Dow dropped 597.65 points (1.76%) to 33,294.95, the Nasdaq lost 218.94 points (1.59%) to finish at 13,532.46, and the S&P 500 closed 67.68 points (1.55%) lower at 4,306.26. The Russell 2000 decreased 39.58 points (1.93%) to 2,008.51, and the Wilshire 5000 fell 678.40 points (1.53%) to 43,580.81.

The price of the 10-year Treasury note increased 32/32, bringing its yield down to 1.720%. The price of the 30-year Treasury bond climbed 1 25/32, decreasing its yield to 2.108%.

Industry Intel Roundup
Featured Webcasts
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
PLANADVISER Webinar Advisory Firm Culture sponsored by Wells Fargo Advisors
Adviser industry leaders engaged in merger and acquisition activity often say a target firm’s culture matters every bit as much as its financials. The topic of firm culture is likewise central to discussions about some of the adviser industry’s most pressing challenges and biggest opportunities. But what, exactly, is firm culture, and what does it take to build a positive and productive environment for staff and leadership alike?
Sponsored by American Century Investments
When Bull & Bear Collide: Target-Date Evaluation in Volatile Times
Please join American Century Investments’ Rich Weiss, Nancy Pilotte, and Glenn Dial as they discuss how disciplined target date fund management can help ease the impact of volatility on DC investors’ portfolios. We’ll share current insights on: • The economic outlook and inflection points • The impact of volatility on retirement readiness • Target date strategies for uncertain markets • The importance of suitability in target-date selection and monitoring
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