PLANADVISERdash – November 3, 2021

Weekday news and analysis for retirement plan advisers

Wednesday, November 03, 2021

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2021 PRACTICE PROGRESS SERIES

Upcoming Webinar: How Has the PEP Marketplace Developed in Year One?

The topic of pooled employer plans (PEPs) has been in the headlines of PLANADVISER Magazine and PLANADVISER.com since the passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act in late 2019. With the formal launch of the PEP marketplace in early 2021, this webinar will offer a chance to take stock of how much progress has been made so far. And, as always, we will consider what comes next.

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Labor Issues Highlight Importance, Evolution of Retirement Benefits

For several decades, U.S. workers have been much less active in terms of union participation, and this has had a dramatic impact on not only wages and benefits within unions, but also on what is happening in the private sector.

Today’s Most Read

1.	DOL Issues Final Retirement Security Rule
2.	Surprising Retirement Considerations
3.	FTC Votes Through Noncompete Rule

Sponsored by Franklin Templeton

Voice of the American Worker

Franklin Templeton’s survey results indicate the need for financial wellness personalization.

IRS Summarizes Retirement Plan Hardship Withdrawal Rules

An updated Issue Snapshot reflects changes made by the Bipartisan Budget Act of 2018 and subsequent IRS regulations.

Fiduciaries Accused of Shortchanging Participants in ESOP Sale

A Department of Labor lawsuit says the fiduciaries allowed the ESOP's ownership shares to be sold for less than market value to benefit themselves and two board member's children.

Op-Ed: ERISA Prudence Demands Healthy ESG Skepticism

Neal Shikes agrees that ESG factors can be an important part of institutional investors’ methodologies, but he also says retirement plan fiduciaries should be skeptical of some claims about what todays’ ESG investments can actually deliver when it comes to confronting climate change.

A Balanced Fund or a TDF?

Weighing their relative merits is an important task for advisers and clients.

Market Mirror

Tuesday, the Dow climbed 138.79 points (0.39%) to 36,052.63, the Nasdaq closed 53.69 points (0.34%) higher at 15,649.60, and the S&P 500 increased 16.98 points (0.37%) to 4,630.65. The Russell 2000 was up 3.74 points (0.16%) at 2,361.86, and the Wilshire 5000 gained 71.57 points (0.15%) to finish at 48,111.71.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.548%. The price of the 30-year Treasury bond was unchanged, with its yield up to 1.959%.

Industry Intel Roundup Featured Webinars

PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by or featuring experts in the industry. The content was created to supply actionable insights to retirement plan advisers regarding client service and practice management.

September 24, 2024

DCIO and Investment Menu Survey

They say the devil is in the details. That’s particularly true when it comes to the investment menu and its results to participants for years—sometimes decades—of their lives. This PLANADVISER webinar will consider 2024 trends in DCIO offerings and best practices for the modern-day plan adviser.