Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 9th, 2020
CenturyLink Wins ERISA Fiduciary Lawsuit Dismissal
After multiple restatements of the complaint and a previous order curtailing some of the plaintiffs’ claims, CenturyLink has emerged victorious. Read more >
Investment Product and Service Launches
Vanguard modifies managed payout fund; Transamerica launches stable value option for 403(b)s; Fidelity announces health savings mutual funds; and more. Read more >
Consolidation Pressures
2019 breaks M&A records. Read more >
Opposition, and Support, Continue for Reg BI
Former Congressmen Dodd and Frank join the legal challenge, while the financial and insurance communities largely stand behind the rule. Read more >
Retirement Industry People Moves
Wilshire Consulting president resigns and announces successor; The Standard names government and regulatory affairs director; DCIIA unveils founding members and pillars for RRC; and more. Read more >
MOST READ ARTICLES
Missing the Mark?
Plan success measures are all over the map. Read more >
Ever Vigilent
3 ways to help your clients protect against cybersecurity threats Read more >
Market Mirror
Friday, the Dow lost 256.50 points (0.98%) to finish at 25,864.78, the NASDAQ closed 162.98 points (1.87%) lower at 8,575.62, and the S&P 500 decreased 51.57 points (1.71%) to 2,972.37. The Russell 2000 dropped 29.60 points (2.00%) to 1,449.22, and the Wilshire 5000 fell 562.74 points (1.83%) to 30,157.16.   The price of the 10-year Treasury note increased 1 2/32, bringing its yield down to 0.788%. The price of the 30-year Treasury bond climbed 5 32/32, decreasing its yield to 1.315%.   For the week ending March 6, the Dow gained 1.79%, the NASDAQ was up 0.10%, and the S&P 500 finished 0.61% higher. The Russell 2000 fell 1.84%, and the Wilshire 5000 increased 0.11%.
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