Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 24th, 2021

Positive Early Reactions to Walsh’s DOL Confirmation

Trade groups and advocacy organizations representing the retirement planning industry have reacted positively, if cautiously, to the confirmation of Marty Walsh as labor secretary. Read more >
The Tax Distinction
Although many retirement plan recordkeepers, and the advisers who work with them, offer a fairly broad and deep level of financial education, this is not normative, says Don Calcagni, chief investment officer (CIO) with Mercer Advisors in Denver. Read more >
15th Anniversary of RPAY: Ellen Lander
Lander says it was her overwhelming enthusiasm for the business that helped propel the growth of Renaissance Benefit Advisors. Read more >
Continuous Education
Crucial for committees to reflect on, says Summer Conley, a partner in Faegre Drinker Biddle & Reath LLP in Los Angeles, is the volume of defined contribution (DC) plan breach of fiduciary duty lawsuits currently in the courts. “Committee members should know what the issues are and what those mean for their plan.” Read more >
Experts Predict Major Growth in Retirement Coverage, Benefits
Why 529 Education Savings Plans Are More Valuable Than Ever
Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans
Biden’s First Veto Keeps DOL’s ESG Rule in Place
A Reminder to Avoid Fraudulent Hardship Withdrawals
iJoin, PenChecks Automate Force-Out IRA Processing
The firms say it can replace what has traditionally been a tedious, manual process. Read more >
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others. Read more >
Market Mirror
Tuesday, the Dow closed 308.05 points (0.94%) lower at 32,423.15, the Nasdaq decreased 149.85 points (1.12%) to 13,227.70, and the S&P 500 was down 30.07 points (0.76%) at 3,910.52. The Russell 2000 fell 81.16 points (3.58%) to 2,185.69, and the Wilshire 5000 lost 477.83 points (1.15%) to finish at 41,192.87. The price of the 10-year Treasury note increased 28/32, bringing its yield down to 1.631%. The price of the 30-year Treasury bond climbed 1 26/32, decreasing its yield to 2.335%.
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