Planadviser Logo
Weekday news and analysis for retirement plan advisers
Wednesday, May 12, 2021
Exclusives | Awards | Research | Events
Bronson Healthcare Group Sued Over 403(b) Plan Fees
The complaint says the defendants breached their ERISA fiduciary duties by, among other things, authorizing the plan to pay unreasonably high fees for retirement plan services (RPS) and maintaining certain funds in the plan despite the availability of identical or similar investment options with lower costs and better performance.
News Feed Quick Links
Deals & People
Practice Management
Client Service
Data & Research
M&A Update: New Records and Picking Partners
When it comes to succession planning amid record-setting merger and acquisition activity, understanding the different partnership opportunities emerging in the marketplace is essential to maximizing a firm’s equity value.
Today’s Most Read
1. 2023 Retirement Plan Adviser of the Year Finalists
2. Retirement Advisers Increasingly Want PEP Option in Toolbox
3. With SECURE 2.0, the Cash Balance DB Plan May Be Back
College Savings App Hits Ascensus With Federal Antitrust Claims
UNest Holdings claims Ascensus pushed the company out of the college savings market in an effort to create a monopoly.
Resources Investment Advisors Partners With NextCapital on Workplace Managed Advice
Resources continues to expand its proprietary advice solution across multiple recordkeeping platforms.
Why and How the OCIO Model Is Moving Up Market
Sources say it’s partly due to the growing popularity of ESG investing, but there’s a lot more going on to fuel the trend, from increasing market complexity to the emergence of new regulations.  
Market Mirror Market Mirror Graph

Tuesday, the Dow fell 473.66 points (1.36%) to 34,269.16, the Nasdaq was down 12.43 points (0.09%) at 13,389.43, and the S&P 500 decreased 36.33 points (0.87%) to 4,152.10. The Russell 2000 closed 64.64 points (2.85%) lower at 2,206.99, and the Wilshire 5000 lost 296.14 points (0.68%) to finish at 43,219.02.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.619%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 2.353%.

Did someone forward you this newsletter?
Sign up here to get PLANADVISER Dash directly in your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2021 Asset International, Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850