Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 19th, 2020

Advisers Giving Back: Atlanta Retirement Partners

As the firm’s founder, David Griffin, explains, retirement plan advisers have a particular skillset that can be very useful in coordinating giving efforts during these unprecedented times. Read more >
Politics Aside, Union Pension Funding Crisis Remains Solvable
On its face, the multiemployer pension relief included in House Democrats’ fourth relief proposal resembles a plan floated last year by two influential Republican senators—though the devil is always in the political details. Read more >
COVID-19 News for Advisers
Focused editorial analysis of market movements, business challenges and legislative and regulatory actions. Read more >
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 >
Excessive Fee ERISA Complaint Targets Cook Group
Barnabas Health Latest to Settle ERISA Suit
An Update on the SEC’s Private Fund Rule
Kellogg Faces ERISA Managed Account Fee Complaint
Strategies for Reining In Health Care Costs in Early Retirement
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instituted in response to the coronavirus pandemic, will remain in effect until the revenue procedure is modified or superseded.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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