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 >
New York City Council Approves Auto-Enroll IRA Program
‘SECURE Act 2.0’ Appears Ready to Clear Committee
Stimulus Bill Extends Some Provisions of the CARES Act
House Ways and Means Committee Passes SECURE Act 2.0
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
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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