| Hazard Prevention | | But while governance practices have improved, 403(b) sponsors face a new threat: participant lawsuits. David Levine, a principal with Groom Law Group, Chartered, in Washington, D.C., says this litigation started with institutions of higher learning, but now all types of tax-exempt entities face being sued. “Many have adviser help, but that doesn’t stop plaintiffs from second-guessing decisions,” he says.
Read more > | | | Invested in Technology | | Technology resources for retirement plans and retirement plan advisers have increased dramatically over the last decade and a half. Whether all of the new entrants to the technology space have been improvements could be debated, depending on whom you ask.
Read more > | | | IRS Permits Digital Letter Ruling Requests | |
The revised policy, instituted in response to the coronavirus pandemic, will remain in effect until the revenue procedure is modified or superseded.
Read more > | | | Yesterday, the Dow gained 911.95 points (3.85%) to finish at 24,597.37, the NASDAQ closed 220.27 points (2.44%) lower at 9,234.83, and the S&P 500 increased 90.21 points (3.15%) to 2,953.91. The Russell 2000 was up 76.70 points (6.10%) at 1,333.69, and the Wilshire 5000 climbed 965.19 points (3.34%) to 29,900.07.
The price of the 10-year Treasury note decreased 7/32, bringing its yield up to 0.722%. The price of the 30-year Treasury bond fell 2 28/32, increasing its yield to 1.437%.
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