Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 30th, 2020
Congress Passes $2 Trillion Coronavirus Stimulus Package
Retirement plan professionals who have navigated a severe natural disaster in their region will recognize many of the retirement plan-focused relief provisions to be implemented by Congress. Read more >
Parties in Asset-Based Fee Suit Against Nationwide Settle
At one point, the plaintiff was proposing a defendant class of all sponsors of smaller 401(k) plans that entered into program agreements with Nationwide through its Retirement Flexible Advantage Retirement Plans Program. Read more >
Lawsuit Questions Differing Investment Terms for 401(k) and DB Plan
The lawsuit accuses Nationwide 401(k) plan fiduciaries of not negotiating terms for a fixed-income contract comparable to that for its DB plan for the purpose of increasing its subsidiary’s profits. Read more >
Coronavirus News for Plan Advisers
Focused analysis of market movements, business challenges and legislative and regulatory actions. Read more >
Excessive Fee ERISA Complaint Targets Cook Group
Barnabas Health Latest to Settle ERISA Suit
An Update on the SEC’s Private Fund Rule
Kellogg Faces ERISA Managed Account Fee Complaint
Strategies for Reining In Health Care Costs in Early Retirement
Sponsored message from John Hancock
State of the participant 2020: readiness within reach
Reflections on retirement readiness and ideas for improvement Read more >
Investment Product and Service Launches
Innovator expands Defined Outcome ETF suite; Vanguard merges Capital and Windsor funds; and IHS Markit delays rebalancing actions on indices. Read more >
Consolidation Pressures
2019 breaks M&A records. Read more >
Market Mirror
Friday, the Dow lost 915.39 points (4.06%) to finish at 21,636.78, the NASDAQ closed 295.16 points (3.79%) lower at 7,502.38, and the S&P 500 decreased 88.60 points (3.37%) to 2,541.47. The Russell 2000 was down 48.33 points (4.09%) at 1,131.99, and the Wilshire 5000 fell 885.01 points (3.35%) to 25,500.40.  The price of the 10-year Treasury note increased 1 6/32, bringing its yield down to 0.688%. The price of the 30-year Treasury bond climbed 4 29/32, decreasing its yield to 1.260%.   For the week ending March 27, the Dow gained 12.84%, the NASDAQ was up 9.05%, and the S&P 500 increased 10.26%. The Russell 2000 gained 11.63%, and the Wilshire 5000 finished 10.48% higher.
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