Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 28th, 2020

Pooled Strength

Among the potentially sweeping changes the SECURE Act ushered in is the authorization of pooled employer plans—or PEPs. These will offer a new way for unrelated employers to collectively participate in a 401(k) plan—not a 403(b) or 457(b) plan, though—that is professionally run and, thanks to economies of scale, could charge lower fees than do traditional plans. Read more >
Details of JPMorgan Chase 401(k) Self-Dealing Suit Settlement Revealed
Parties in a suit accusing fiduciaries of the JPMorgan Chase 401(k) Savings Plan of self-dealing have filed a settlement agreement and motion for preliminary approval in federal court. The settlement price tag is sizable but not as large as some others that have been reached in ERISA litigation.  Read more >
The Risks of DC Investing
People face a long succession of risks in their lives, and while many of these possible threats never go away, some can be shifted around and compensated for. Some materialize all at once—damage from a car accident, home fire or bank failure. The insurance industry calls these discrete events “occurrences,” and they can be protected against by some sort of defined policy or coverage program. Read more >
Form CRS Solutions Coming Online Ahead of Reg BI
One critical component of the Regulation Best Interest is the customer relationship summary form, or “Form CRS,” which provides new and existing clients with detailed information about a firm’s products, fees, conflicts of interest, disciplinary history and more. Read more >
Experts Predict Major Growth in Retirement Coverage, Benefits
Why 529 Education Savings Plans Are More Valuable Than Ever
Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans
Biden’s First Veto Keeps DOL’s ESG Rule in Place
A Reminder to Avoid Fraudulent Hardship Withdrawals
DC Plans and Pensions Partly Spared from Energy Rout
Many plans’ and individual investors’ exposure to energy stocks has dropped amid underwhelming results over the past five years, investment managers say. 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 >
Be Stronger in the Recovery
Todd Kading, president and co-founder of LeafHouse Financial, discusses the importance of flexibility and innovation when the tough times arrive. Read more >
Market Mirror
Wednesday, the Dow climbed 553.16 points (2.21%) to 25,548.27, the NASDAQ was up 72.14 points (0.77%) at 9,412.36, and the S&P 500 increased 44.36 points (1.48%) to 3,036.13. The Russell 2000 gained 43.28 points (3.11%) to finish at 1,436.36, and the Wilshire 5000 closed 469.78 points (1.54%) higher at 30,887.26. The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.697%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 1.454%.
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