Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 31st, 2020

Advisers Giving Back: The Smarter Tomorrow Foundation

Founded by Florida-based financial adviser Jason Chepenik, the Smarter Tomorrow Foundation is on a long-term mission ‘to give every kid from every community a fair shot at a strong financial future.’ Read more >
Fidelity Found Liable for Certain Fiduciary Breaches
A new district court decision finds Fidelity has breached its fiduciary duties in the operations of its own retirement plan; importantly, the ‘case stated’ ruling ‘addresses only the question of liability, not causation or loss.’ Read more >
IRS Extends Remedial Amendment Periods for 403(b) and DB Plans
The March 31 deadline for 403(b) plans has been extended to June 30; the April 30 deadlines for DB plans have been extended to July 31. Read more >
Judge Cans Anheuser-Busch Dismissal Motion in ERISA Lawsuit
At least some district courts across the U.S. seem to be willing to allow cases alleging the use of outdated mortality tables in the calculation of nonstandard annuity benefits to proceed to trial. Read more >
Coronavirus News for Plan Advisers
Focused analysis of market movements, business challenges and legislative and regulatory actions. Read more >
2023 Retirement Plan Adviser of the Year Finalists
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Retirement Advisers Increasingly Want PEP Option in Toolbox
LinkedIn Will Pay Out $6.75 Million for 401(k) Participant Complaint
Sponsored message from Mass Mutual
Why COLI? Why MassMutual?
Interview with Mark Laramee Managing Director of COLI Sales, Institutional Solutions. Read more >
Men as Advocates
Given the increase in women joining the workforce, and today’s focus on diversity and inclusion, it’s more important than ever that we in the retirement industry work together to foster employing women in our firms. Women in Pensions Network (WiPN) recently launched “Men as Advocates” to give men the opportunity to get more involved in our mission: to help women succeed at all levels of the industry. Read more >
MEPs and PEPs
The pooled plan provider acts as the PEP’s plan administrator and may act as the plan’s named fiduciary for purposes of ERISA, effectively assuming those responsibilities from the participating employers. For the adviser, to manage and administer a single PEP could be much more efficient than managing and administering multiple, small retirement plans. Read more >
Market Mirror
Yesterday, the Dow gained 690.70 points (3.19%) to finish at 22,327.48, the NASDAQ closed 271.77 points (3.62%) higher at 7,774.15, and the S&P 500 increased 85.18 points (3.35%) to 2,626.65. The Russell 2000 was up 26.33 points (2.33%) at 1,158.32, and the Wilshire 5000 climbed 774.80 points (3.04%) to 26,275.37. The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.688%. The price of the 30-year Treasury bond decreased 1 25/32, bringing its yield up to 1.314%.
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