Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 5th, 2020
Publisher's Note: How Will We Move Forward?
A couple of nights ago I watched a webcast with a time management expert who purported to help parents find balance as, in this unprecedented time of social distancing and stay-at-home orders, we work and parent at home. For most of the webcast, I found myself thinking that the expert was just too optimistic. Read more >
Interest Rate Risk Comes to the Fore
Long a challenge associated with pensions, defined contribution plan investors find themselves grappling with the challenges of interest rate risk amid the coronavirus pandemic. Read more >
On Small Plans and Large
During the past few months, we’ve seen a trend in class action lawsuits brought against smaller plans. These cases should remind plan fiduciaries and their advisers that ERISA applies to all plans, regardless of size, and that there are steps a fiduciary can take to mitigate fiduciary risk. Read more >
Hazard Prevention
Over the last few years, 403(b) plan sponsors have discovered that they have more fiduciary responsibility than they realized, says Elizabeth Kaido, vice president of sales for BPAS in Utica, New York. Read more >
Franklin Templeton to Acquire Putnam for $925 Million
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
Smart Acquires Managed Account Provider ProManage
Recordkeeper “House” Investment Options Worth a Look, But Carefully, Advisers Say
FINRA Fines Vanguard for Overstating Money Market Projections
Lawsuit Says Host International Discriminated Against Tipped Employees in 401(k)
A proposed class action lawsuit has been filed against Host International, a provider of meals to various travel and entertainment venues, alleging it and other plan fiduciaries refused to properly defer compensation of certain employees to the HMSHost 401(k) Retirement Savings Plan and Trust pursuant to the terms of the plan document. Read more >
Coronavirus News for Plan Advisers
Focused editorial analysis of market movements, business challenges and legislative and regulatory actions. Read more >
Market Mirror
Yesterday, the Dow was up 26.07 points (0.11%) at 23,749.76, the NASDAQ climbed 105.77 points (1.23%) to 8,710.72, and the S&P 500 closed 12.03 points (0.43%) higher at 2,842.74. The Russell 2000 increased 3.49 points (0.28%) to 1,263.97, and the Wilshire 5000 gained 142.94 points (0.50%) to finish at 28,643.54. The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.627%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 1.277%.
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