November 24th, 2020

2020 Required Amendments List Published by IRS The two items that may require an amendment relate to difficulty of care payments treated as compensation for 415 limits, and the application of cooperative and small employer charity pension plan rules. Read more > Financial Wellness Programs in Greater Demand During COVID-19 Prudential survey finds employees were looking for financial advice and emergency assistance. Read more > Investors Less Likely to Heed Advice from Robo Advisers It appears, according to a survey by Dalbar, that people put more faith in the advice of a human adviser. Read more > Whether—and How—to Vote Proxies DOL proposal could complicate this plan-fiduciary job. Read more > MOST READ ARTICLES 1 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 2 Biden’s First Veto Keeps DOL’s ESG Rule in Place 3 2023 Retirement Plan Adviser of the Year Finalists 4 Experts Predict Major Growth in Retirement Coverage, Benefits 5 Complying With the Custody Rule and the New Custody Proposal

Sponsored message from PLANADVISER 2020 Top 100 Retirement Plan Advisers Noteworthy retirement plan specialists, based on number of plans and total assets under advisement. Read more > Never Too Late Strategies to help clients who are behind on saving ‘retrieve’ lost time Read more > Keeping Clients Safe Past Advisers of the Year discuss the evolution of their fiduciary services. Read more > Market Mirror Yesterday, the Dow gained 327.79 points (1.12%) to finish at 29,591.27, the NASDAQ was up 25.66 points (0.22%) at 11,880.63, and the S&P 500 increased 20.05 points (0.56%) to 3,577.59. The Russell 2000 climbed 32.96 points (1.85%) to 1,818.30, and the Wilshire 5000 closed 296.26 points (0.80%) higher at 37,319.44.   The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.856%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 1.562%.

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