Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 15th, 2018
401(k) Plan Excessive Fee Lawsuit Filed, Settlement Reached
One day after a complaint was filed, Philips North America agreed to pay $17,000,000 to settle the lawsuit questioning its failure to offer a stable value fund and less expensive share classes and investment vehicles for other funds. Read more >
Court Orders Past Trustee to Reimburse Plan Beneficiaries
The former owner is also barred from serving as a fiduciary, trustee, agent, or representative to an employee benefit plan. Read more >
IRS Sets 2019 HSA Contribution Limits
For calendar year 2019, the annual limitation on deductions for an individual with self-only coverage under a high-deductible health plan is $3,500. Read more >
Americans Unfamiliar With 529 Plans
A mere 29% know that they are vehicles for education savings, Edward Jones found in a survey Read more >
Battling the Elements
The role of the adviser in mitigating litigation Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Olin Corp. Soundly Defeats ERISA Lawsuit
Senate Finance Committee Advances EARN Act
Retirement Industry People Moves
Sponsored message from Ascensus
How Do Your Clients' Plans Stack Up?
Advisers – supported by the right partners – can provide the answers. Click To Read Read more >
Plan Sponsors Gain Mobile App with TIAA
The mobile app looks to increase productivity for when plan sponsors have no access to their desks. Read more >
Securian Offers Retirement Plan to Small Employers
“For advisers, whether you have multiple plans or are new to the business, ReadyPlan’s simplicity means reduced time commitment and the potential for increased operational efficiency,” says Steve Chappell, Securian’s vice president of retirement plan sales. Read more >
Market Mirror
Yesterday, the Dow closed 68.24 points (0.27%) higher at 24,899.41, the NASDAQ increased 8.43 points (0.11%) to 7,411.32, and the S&P 500 was up 2.41 points (0.09%) at 2,730.13. The Russell 2000 closed 6.45 points (0.40%) lower at 1,600.34, and the Wilshire 5000 was up 8.65 points (0.03%) at 28,362.03.   The price of the 10-year Treasury note was down 8/32, increasing its yield to 3.00%. The price of the 30-year Treasury bond decreased 15/32, bringing its yield up to 3.131%.
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