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Weekday news and analysis for retirement plan advisers
Monday, May 10, 2021
Exclusives | Awards | Research | Events
ERISA Suit Against CalSavers Dismissed Again
This comes after the case was dismissed by a district court last year and after the DOL backed out in its support of the suit.
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Congressional Chairs Ask the GAO to Review TDFs
They say the expenses and risk allocations in target-date funds vary considerably.
Today’s Most Read
1. The New Vesting Schedule Debate
2. The Most ‘Outrageous’ ERISA Complaints Yet Filed?
3. Why Are Financial Services Firms Looking to Wealth Management Leaders?
The Case for ‘Health Plus Wealth’ Is in the Numbers
The projected cost of health care for the average couple retiring today is up 30% from 10 years ago, according to new data shared by Fidelity, underscoring the need to muster more holistic financial planning resources for workers and retirees.
Retirement Industry People Moves
Carillon names new president; ProNvest announces hires dedicated to business development; Russell Investments announces several new hires; and more.
A Season for Change
Advising clients about the SECURE Act’s new lifetime income safe harbor.
Market Mirror Market Mirror Graph

Friday, the Dow gained 229.23 points (0.66%) to finish at 34,777.76, the Nasdaq closed 119.40 points (0.88%) higher at 13,752.24, and the S&P 500 was up 30.98 points (0.74%) at 4,232.60. The Russell 2000 increased 30.21 points (1.35%) to 2,271.63, and the Wilshire 5000 climbed 361.06 points (0.83%) to 44,084.98.


The price of the 10-year Treasury note was unchanged, with its yield at 1.567%. The price of the 30-year Treasury bond decreased 30/32, bringing its yield up to 2.282%.


For the week ending May 7, the Dow climbed 2.67%, the Nasdaq lost 1.51%, and the S&P 500 finished 1.23% higher. The Russell 2000 was up 0.23%, and the Wilshire 5000 increased 0.49%.

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