Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 14th, 2020

Assessing the State of Trump’s EBSA

The Employee Benefits Security Administration is among the regulators with the most direct influence over the retirement planning industry. It gets a new leader at the end of the month. Read more >
State Tax Treatment May Be Different for CARES Act Provisions
Participant communications about coronavirus-related distributions should include language that state tax treatment may vary, or that participants should check with an expert about what state taxes may apply.  Read more >
Aegis Media Faces ‘Down Market’ Excessive Fee ERISA Challenge
The case is an example of class action fee litigation targeting a ‘large’ rather than a ‘jumbo’ plan, as the Aegis retirement plan under scrutiny holds less than $1 billion. Read more >
Endowments and Foundations Also Carry Unrealistic Return Expectations
New data from CAPTRUST shows there is a continued misalignment between foundations’ and endowments’ expected returns, risk preferences and asset allocations. Read more >
2023 Retirement Plan Adviser of the Year Finalists
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Complying With the Custody Rule and the New Custody Proposal
Biden’s First Veto Keeps DOL’s ESG Rule in Place
Majority of Americans Are More Concerned About Finances
More than one-quarter are extremely or very concerned, according to Fidelity. Read more >
Hazard Prevention
403(b) sponsors may stave off lawsuits by cleaning up plan governance. Read more >
The Risks of DC Investing
Some risks are ‘participant experienced’ and some ‘participant controlled.’ Read more >
Market Mirror
Wednesday, the Dow lost 516.81 points (2.17%) to finish at 23,247.97, the NASDAQ was down 139.38 points (1.55%) at 8,863.17, and the S&P 500 decreased 50.12 points (1.75%) to 2,820.00. The Russell 2000 fell 42.29 points (3.32%) to 1,233.25, and the Wilshire 5000 closed 560.42 points (1.93%) lower at 28,467.41. The price of the 10-year Treasury note was down 5/32, increasing its yield to 0.656%. The price of the 30-year Treasury bond was up 30/32, decreasing its yield to 1.345%.
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