Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 5th, 2020
Evonik Chemical Corp. Faces ERISA Excessive Fee Challenge
Retirement plan fiduciaries at the specialty chemical company are accused of failing to take advantage of the lowest cost share class for many of the mutual funds offered within the plan, among other issues.  Read more >
401(k) Trading Spiked at End of February
As the markets tanked amid fears of a worldwide coronavirus outbreak, the last week of the month was among the busiest stretches in the 20 year-plus history of the Alight Solutions 401(k) Index. Read more >
PBGC and DOL Make Guidance Document Databases Available
An executive order requires each agency to establish on its website a single, searchable indexed database that contains, or links to, all the agency’s guidance documents and provides certain information about them. Read more >
TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges
DOL Announces Anticipated ESG Fiduciary Investing Rule
Social Security Benefits Will Grow 5.9% in 2022 Amid Renewed Inflation Concerns
Retirement Industry People Moves
Calmer Summer Yields to Volatile Fall for U.S. Investors
PLANADVISER Practice Benchmarking Survey
This year, we saw a large jump in advisers offering individual advice or wealth services—to 80% from 62% last year. And participant advice/education was cited by 29% of advisers as the most significant projected growth area for their practice next year. Read more >
The Obligation to Save Social Security
With the recent passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, advisers and other retirement plan service providers have an opportunity to build on their successful lobbying effort. Read more >
Market Mirror
Wednesday, the Dow gained 1,173.45 points (4.53%) to finish at 27,090.86, the NASDAQ closed 334 points (3.85%) higher at 9,018.09, and the S&P 500 increased 126.75 points (4.22%) to 3,130.12. The Russell 2000 was up 45.11 points (3.04%) at 1,531.20, and the Wilshire 5000 climbed 1,212.77 points (3.97%) to 31,783. 77. The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.034%. The price of the 30-year Treasury bond fell 1 29/32, bringing its yield to 1.680%.
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