PLANADVISERdash – March 26, 2020

Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR

March 26th, 2020

Coronavirus News for Plan Advisers

Focused analysis of market movements, business challenges and legislative and regulatory actions. Read more >

Stimulus Package Allows Early Withdrawals, Deferred RMDs and More

The retirement plan focused provisions passed by the Senate last night are among many meant to ease the financial pressures posed by the global coronavirus pandemic. Read more >

Employees, Employers Have More Time to Contribute to Benefit Plans

For employers with a federal income tax return due date of April 15, the relief not only extends the filing due date to July 15, but it also extends the grace period for the employer to make contributions to its workplace-based retirement plan that are treated as made on account of 2019 to July 15. Read more >

ERISA Vista: Asset Allocation Models

I’m an investment adviser to 401(k) plans. I construct and utilize asset allocation models in carrying out my services. Am I considered an Employee Retirement Income Security Act fiduciary when I utilize these models? Read more >

Building Better Engagement

Today, plan advisers have a range of options for teaching participants about their plan. Many partner with a client recordkeeper or outside education firm; others go farther by bringing staff on site. And some of that last group excel at taking a creative approach to engaging and instructing participants face to face. Below, five such advisers share what they do. Read more >

MOST READ ARTICLES

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

PLANADVISER Practice Benchmarking Survey

Our definitive annual report on how retirement plan advisers run their practices, particularly with respect to recommending funds, providing individual advice to plan participants and serving as a fiduciary. Read more >

The Democratic Candidates’ Retirement Proposals

A national automatic savings plan wouldn’t create much competition, but changing taxation for nonqualified plans would be a big disruption. Read more >

Wednesday, the Dow climbed 495.64 points (2.39%) to 21,200.55, the NASDAQ was down 33.56 points (0.45%) at 7,384.30, and the S&P 500 increased 28.23 points (1.15%) to 2,475.56. The Russell 2000 closed 13.81 points (1.26%) higher at 1,110.34, and the Wilshire 5000 gained 335.93 points (1.37%) to finish at 24,878.45. The price of the 10-year Treasury note was unchanged, with its yield at 0.851%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 1.433%.

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