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Weekday news and analysis for retirement plan advisers
Thursday, May 19, 2022
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NFP Named as Defendant in Parallel Molina Healthcare ERISA Suit
The new lawsuit against NFP is closely related to a complaint filed in March, and it includes the same named plaintiffs, who are engaging in litigation individually and as representatives of a proposed class of participants and beneficiaries in a retirement plan offered to the employees of Molina Healthcare.
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Barnabas Health Latest to Settle ERISA Suit
A settlement has been struck in an ERISA lawsuit involving the New Jersey-based health care provider a little more than a year after a judge allowed the case to proceed past the defense’s motion to dismiss.
Today’s Most Read
1. Many Providers Are Prioritizing Participant Financial Advice in 2023
2. OneDigital Acquires $500M Florida Retirement and Wealth Management Shop
3. A Reminder to Avoid Fraudulent Hardship Withdrawals
'Massive' Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya
The SEC says the charges and settlement show even the most sophisticated institutional investors, like pension funds, can become victims of wrongdoing.
Why Small Business Owners Often Resist 401(k)s
Two of the reasons most commonly cited by small business owners for not offering a retirement plan are the beliefs that their business is too small to qualify and that they can’t afford a match.
Retiree Health Care Costs Jump After Brief Respite
The total projected cost of health care for a healthy couple retiring at age 65 is now well in excess of $300,000.
Market Mirror Market Mirror Graph

Wednesday, the Dow lost 1,164.52 points (3.57%) to close at 31,490.07, the Nasdaq was down 566.37 points (4,73%) to close at 11,418.15, and the S&P 500 fell 165.17 points (4.04%) to 3,923.68. The Russell 2000 decreased 65.45 points (3.56%) to 1,774.85 and the Wilshire 5000 lost 1,634.25 points (4.02%) to 38,983.34.

The price of the 10-year Treasury note gained 9/32 bringing its yield down to 2.887%. The price of the 30-year Treasury bond was up 2 2/32 decreasing its yield down to 3.066%.

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