May 29th, 2018

Industry Left Confused by DOL’s ESG ‘Clarification’ A review of industry commentary dissecting the DOL’s recently published Field Assistance Bulletin on the topic of ESG investments suggests the “sub-regulatory guidance” has left a lot of stakeholders with key questions. Read more > Senators Question Trump’s Nomination for PBGC Director in Midst of Multiemployer Plan Crisis Reeder, who is in the middle of his five-year term, has been advocating for changes to help the PBGC’s programs, but the president has nominated Gordon Hartogensis—who, the senators say, seems to have little to no prior experience relevant to the pension system and the work of the PBGC—to replace Reeder. Read more > EBSA Wins Judgement Against Cambridge Technology Group According to EBSA Regional Director Michael Schloss, Cambridge Technology Group and its CEO made it nearly impossible for retirement plan participants to access their funds; both have been removed as plan fiduciaries. Read more > Questis Partners with MX for Data Aggregation Through the MX partnership, participants with access to the Questis platform can see all of their finances in one place in a clear, organized, visual manner Read more > Retirement Industry People Moves Transamerica Expands Distribution Team; Alliance Aims to Extend Expertise in HR Industry; Procyon Partners Appoints Experienced Adviser to Portfolio Manager Position; and more. Read more > MOST READ ARTICLES

Sponsored message from T. Rowe Price Health Care: Using Health Savings Accounts Wisely Help plan sponsors and individuals understand savings options. Download the white paper. Read more > Battling the Elements The role of the adviser in mitigating litigation Read more > HSA Opportunities Abound Assets topped an estimated $45 billion at the close of last year Read more > Market Mirror Friday, the Dow closed 58.67 points (0.24%) lower at 24,753.09, the NASDAQ increased 9.43 points (0.13%) to 7,433.85, and the S&P 500 decreased 6.43 points (0.24%) to 2,721.33. The Russell 2000 was down 1.29 points (0.08%) at 1,626.93, and the Wilshire 5000 closed 55.61 points (0.20%) lower at 28,335.52.   The price of the 10-year Treasury note increased 14/32, bringing its yield down to 2.928%. The price of the 30-year Treasury bond climbed 21/32, decreasing its yield to 3.090%.   WEEK’S WORTH: For the week ending May 25, the Dow increased 0.15%, the NASDAQ climbed 1.08%, and the S&P 500 gained 0.31%. The Russell 2000 was up 0.02%, and the Wilshire 5000 finished 0.24% higher.

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