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Weekday news and analysis for retirement plan advisers
Tuesday, May 03, 2022
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COMPLIANCE
ERISA Suit Against UPS Refiled in District Court
Plaintiffs have refiled an ERISA lawsuit against UPS, more than a year and a half after their original complaint was dismissed for their failure to exhaust all administrative remedies prior to engaging in litigation.
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Measuring Shifts in Retirement Plan Appreciation
Survey data shows the COVID-19 pandemic has changed the way workers understand and appreciate both their health care benefits and their retirement planning opportunities in the workplace.
Today’s Most Read
1. Ascensus to Acquire Vanguard’s Individual 401(k) Business
2. Victory to Acquire Amundi’s $104B U.S. Division
3. NewRetirement, With $20M In Hand, Seeks Workplace Partners
Fidelity’s Bitcoin 401(k) Offering Prompted a Plan Sponsor to Examine Plan Exposures
The plan sponsor immediately checked with its plan adviser to know if there was any potential cryptocurrency exposure.
Welcome to the Rising Rate Environment
In the face of sustained inflation and the Federal Reserve’s push to boost interest rates, asset managers and advisers are tweaking portfolios and rethinking longstanding allocations.
CFP Board Publishes New Book on Psychology of Financial Planning
The book seeks to help advisory professionals understand the psychology of financial planning, and its publication coincides with the first time the topic of psychology is factored into the CFP exam.
Market Mirror Market Mirror Graph

Yesterday, the Dow closed 84.29 points (0.26%) at 33,061.50, the Nasdaq gained 201.38 points (1.63%) to finish at 12,536.02, and the S&P 500 increased 23.45 points (0.57%) to 4,155.38. The Russell 2000 was up 18.81 points (1.01%) at 1,882.91, and the Wilshire 5000 climbed 291.27 points (0.70%) to 41,635.24.

The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 2.980%. The price of the 30-year Treasury bond fell 28/32, increasing its yield to 3.036%.

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