March 4th, 2021

UPDATE: Plan Adviser of the Year Nominations Due Friday Nominations opened on January 20, 2021, and all nominations were due March 1, 2021. However, we will accept late nominations through Friday March 5, 2021.  Take note, this first step is easy to complete and should not require much time. Read more > Lockton and Norton Healthcare Agree to Pay $5.75M ERISA Settlement A newly filed settlement agreement stipulates that Norton Healthcare and Lockton will each pay half of a total settlement of $5.75 million, which will be used to compensate plan participants who invested in overly expensive share classes. Read more > The Nuances of Conducting a Robust RFP If done properly, a request for proposals can help sponsors stay on par with the most advanced services available in the marketplace at competitive rates. Read more > MOST READ ARTICLES 1 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 2 2023 Retirement Plan Adviser of the Year Finalists 3 With SECURE 2.0, the Cash Balance DB Plan May Be Back 4 Biden’s First Veto Keeps DOL’s ESG Rule in Place 5 Complying With the Custody Rule and the New Custody Proposal

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 > An M&A Q&A with Voya Retirement CEO Charlie Nelson In a discussion with PLANADVISER, Nelson commented on the recently announced deal that will send 900 retail-focused financial advisers to Cetera, with Voya retaining 600 advisers focused on the workplace. Read more > Wednesday, the Dow was down 121.43 points (0.39%) at 31,270.09, the Nasdaq fell 361.04 points (2.70%) to 12,997.75, and the S&P 500 closed 50.57 points (1.31%) lower at 3,819.72. The Russell 2000 decreased 23.72 points (1.06%) to 2,207.79, and the Wilshire 5000 lost 643.95 points (1.57%) to finish at 40,496.95. The price of the 10-year Treasury note decreased 28/32, bringing its yield up to 1.470%. The price of the 30-year Treasury bond fell 1 2/32, increasing its yield to 2.266%.

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