Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 27th, 2018
Waddell & Reed Settles Self-Dealing Suit for $4.875 Million
The U. S. District Court for the District of Kansas has preliminarily approved the settlement. Read more >
DOL Grants Relief to Benefit Plan Sponsors in California Wildfire Territories
The agency says it recognizes that these wildfires may impede efforts by plan fiduciaries, employers, labor organizations, service providers, and participants and beneficiaries to comply with the Employee Retirement Income Security Act (ERISA) over the next few months. Read more >
Lawsuit Against Matrix Trust Company Voluntarily Dismissed
The dismissal of the lawsuit accusing the custodian of making unauthorized 403(b) plan account transfers comes a month after the owners of the plan’s recordkeeper were indicted for stealing from retirement plans. Read more >
Judge Recommends Dismissing Lawsuit Over Custom-Designed 401(k) Fund Choice
The lawsuit challenges the design and monitoring of the Large Cap Fund in CenturyLink’s non-union 401(k) plan. Read more >
An IPS Is Not Required
New Jersey Latest State to Issue Fiduciary Regulations
Inside and Outside Views on Principal’s Wells Fargo Acquisition
2019 PLANSPONSOR Retirement Plan Adviser of the Year
How To Make 529 Plan Service Pay Off
Pre-Retirees Expect to Return to Work
The primary reason: To earn more money Read more >
Valuable Partnerships
How one adviser works with wealth managers in his firm to find prospects Read more >
Market Mirror
Monday, the Dow gained 354.29 points (1.46%) to finish at 24,640.24, the NASDAQ closed 142.87 points (2.06%) higher at 7,081.85, and the S&P 500 increased 40.89 points (1.55%) to 2,673.45. The Russell 2000 was up 17.28 points (1.16%) at 1,505.96, and the Wilshire 5000 climbed 422.36 points (1.55%) to 27,618.93.   The prices of the 10-year Treasury note and 30-year Treasury bond were down 6/32, increasing their yields to 3.062% and 3.315%, respectively.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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