Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 10th, 2020

Familiar Fiduciary Concerns Voiced as PEP Market Takes Shape

If a service provider is a fiduciary and uses its fiduciary authority to cause the plan to select investments or hire service providers that will generate additional compensation for the service provider—or an affiliate or other person in whom the provider has an interest that may affect its best judgment as a fiduciary—the prohibitions in ERISA Section 406(b) may be implicated. Read more >
Investing Leaders Look Ahead to a Biden Presidency
With the Democratic nominee leading polls over the past several months, investors have had ample time to consider the potential impacts of a Biden administration, sources say. Read more >
Judge Certifies Class in Lawsuit Filed by ESOP Participants
The participants claim they were mislead and intimidated to sell their shares back to the company at a price significantly lower than fair market value. Read more >
401(k) Investors Traded Exclusively Into Fixed Income in October
It was the first time in the more than 20-year history of the Alight Solutions 401(k) Index that this happened over the course of an entire month. Read more >
A Careful Inspection
The need for employers to juggle many priorities, as is required in these challenging times, seems to be here to stay—at least for the foreseeable future. To add to that, a retirement plan’s committee still must fulfill its fiduciary responsibilities. Read more >
2023 Retirement Plan Adviser of the Year Finalists
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Retirement Advisers Increasingly Want PEP Option in Toolbox
Complying With the Custody Rule and the New Custody Proposal
Sponsored message from Fidelity Investments
Racial Inequalities in Financial Wellness
To address racial inequalities, we must acknowledge they exist and understand the reasons why. Here, we explore differences by race and ethnicity across budgeting, debt, savings, protection, and financial confidence.   Read more >
2020 PLANADVISER Retirement Plan Adviser Survey
Retirement plan advisers, perhaps more than any other experts in our industry, have a good sense of the relative strength of the products and services offered by investment and recordkeeping providers. Read more >
A Financial Services Diversity Action Plan
Both responding to and reflecting the times, leaders at major financial services organizations are growing increasingly vocal about the importance of cognitive and cultural diversity on a team’s long-term performance. Read more >
Advisers Giving Back: James Betzig at TrinityPoint Wealth
The Boys & Girls Club of Milford is especially close to his heart. Read more >
Market Mirror
Monday, the Dow climbed 834.57 points (2.95%) to 29,157.97, the NASDAQ lost 181.45 points (1.53%) to finish at 11,713.78, and the S&P 500 closed 41.06 points (1.17%) higher at 3,550.50. The Russell 2000 added 44.99 points (2.71%) to close at 1,705.04, and the Wilshire 5000 gained 337.00 points (0.93%) to finish at 36,593.93. The price of the 10-year Treasury note dropped 1 1/32, increasing its yield to 0.935%. The price of the 30-year Treasury bond fell 2 28/32, increasing its yield to 1.722%.
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