March 23rd, 2018

District Court Dismisses ERISA Lawsuit Targeting Aon Hewitt, Financial Engines Plaintiffs suggested plan fiduciaries permitted excessive fees to be paid, leading to improper provider kickbacks; a district court judge has summarily dismissed the allegations for failing to state an actionable claim. Read more > Ability to Facilitate Annuity Quotes Added to Hueler Income Solutions Kelli Hueler, founder and CEO of Hueler Income Solutions, suggests this is a solution to the many plan sponsors seeking a prudent process for meeting their fiduciary duties. Read more > MetLife and EY to Offer Hybrid Human/Digital Financial Wellness Solution Launching in spring 2018, PlanSmart Financial Wellness will focus on behavioral change, giving employees the tools, guidance and support they need to improve their financial wellbeing. Read more > Personal Touch Matters in 3(38) Fiduciary Marketplace The demand for 3(38) investment manager search support and monitoring has moved up market into the range of plans with billions of dollars in assets; smaller plans are seeking cost savings while larger plans are seeking deeper expertise and nimble capabilities. Read more > MOST READ ARTICLES

Voya Addresses Financial Planning for Special Needs Community Voya’s myOrangeMoney online, interactive educational participant experience has been enhanced with new financial planning features to support people with special needs and their caregivers. Read more > Investment Products and Services Launches AlphaCore Launches Risk Factor Analytics Tool, and Franklin Resources Adds to Fixed Income Team. Read more > Market Mirror Thursday, the Dow plunged 724.42 points (2.93%) to 23,957.89, the NASDAQ fell 178.61 points (2.43%) to 7,166.68, and the S&P 500 lost 68.24 points (2.52%) to finish at 2,643.69. The Russell 2000 closed 35.43 points (2.24%) lower at 1,543.87, and the Wilshire 5000 dropped 688.74 points (2.45%) to 27,476.91.   The price of the 10-year Treasury note increased 18/32, bringing its yield down to 2.819%. The price of the 30-year Treasury bond climbed 30/32, decreasing its yield to 3.067%.

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