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Weekday news and analysis for retirement plan advisers
Monday, May 17, 2021
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Compliance
SEC Settles Charges Against GWFS Equities for $1.5 Million
The Great-West Life affiliate was accused of violating the federal securities laws governing the filing of Suspicious Activity Reports.
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Humana Faces Classic Prudence Claims in New ERISA Lawsuit
According to the plaintiffs, the plan’s fiduciaries did not try to reduce the plan’s expenses, resulting in the assessment of excessive fees.
Today’s Most Read
1. Old Dogs, New Tricks: Training for Veteran Advisers Pays Off
2. Weighing Active Management in DC Plans
3. CAPTRUST, T. Rowe, NBS Team Up on ‘MEP-PEP Alternative’ for Small Clients
IRS Answers Questions About Partial Plan Termination Relief
The guidance answers questions about who is an "active participant" and says the relief applies to each plan year which falls inside the relief period.
Pentegra Introduces Fiduciary Scorecard to Measure Plan Success
It gives sponsors a way to document the fiduciary oversight process.
Not to Be Deterred
Despite the pandemic, firms aim to enhance profitability.
Retirement Industry People Moves
OneDigital Investment Advisors acquires Clearview Advisory; FPS Group expands executive team; Principal adds portfolio manager to Global Asset Allocation team; and more.
Market Mirror Market Mirror Graph

Friday, the Dow gained 360.68 points (1.06%) to finish at 34,382.13, the Nasdaq closed 304.99 points (2.32%) higher at 13,429.98, and the S&P 500 was up 61.35 points (1.49%) at 4,173.85. The Russell 2000 increased 89.49 points (4.19%) to 2,224.63, and the Wilshire 5000 climbed 759.56 points (1.78%) to 43,415.84.

 

The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.628%. The price of the 30-year Treasury bond increased 13/32, bringing its yield down to 2.347%.

 

For the week ending May 14, the Dow was down 1.14%, the Nasdaq fell 2.34%, and the S&P 500 decreased 1.39%. The Russell 2000 lost 2.07%, and the Wilshire 5000 finished 1.52% lower.

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