Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 15th, 2020
Goldman Sachs to Acquire Folio Financial
Financial services industry merger and acquisition activity has been impacted the by coronavirus crisis, but deals continue to be inked—especially among firms looking to acquire mass-market advice technology. Read more >
Recordkeepers Holding Steady on Staffing—So Far
DCIIA and SPARK surveyed members in early April with regard to the CARES Act and the effects of the coronavirus pandemic. Read more >
BBVA Fails to Gain Summary Dismissal of ERISA Complaint
The interim ruling permits the lawsuit to proceed to discovery and emphasizes the importance of language included in summary plan descriptions. Read more >
IRS Offers Review of Special 403(b) Catch-Up Contribution Rules
The agency says proper use of catch-up contributions will be an examination focus for 403(b) plans in fiscal year 2020. Read more >
MOST READ ARTICLES
1
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
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Reliance Trust Reaches Deal on 401(k) Excessive Fee, Self-Dealing Suit
3
A New World and New Opportunities for Alpha
4
Nestle Sued Over Fees for Managed Accounts, Recordkeeping
5
How to Diversify Retirement Plan Committees
Coronavirus News for Plan Advisers
Focused editorial analysis of market movements, business challenges and legislative and regulatory actions. Read more >
Investment Product and Service Launches
DWS Group renames fixed income ETFs and MassMutual and NextCapital offer managed advice solution. Read more >
Market Mirror
Thursday, the Dow climbed 377.37 points (1.62%) to 23,625.34, the NASDAQ increased 80.55 points (0.91%) to 8,943.72, and the S&P 500 gained 32.50 points (1.15%) to finish at 2,852.50. The Russell 2000 was up 4.30 points (0.35%) at 1,237.56, and the Wilshire 5000 closed 312.17 points (1.10%) higher at 28,779.59.   The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.631%. The price of the 30-year Treasury bond increased 27/32, bringing its yield down to 1.291%.
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