| Sponsored message from Natixis Investment Managers |
| Expert Voice: Ed Farrington |
| Executive Vice President, Institutional and Retirement, for Natixis Investment Managers
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| 15th Anniversary of RPAY: Innovest Portfolio Solutions |
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In the six years since it was named the 2014 PLANSPONSOR Retirement Plan Team of the Year, the practice’s assets have grown five-fold to $25.6 billion.
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| DeMoulas Super Markets Agrees to $17.5M Settlement |
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Plaintiffs accused the profit sharing plan sponsor of investing too conservatively and applying an inappropriate one-size-fits-all default investment allocation for participants.
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| Nationwide Extends Fee Waiver for New Business |
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The firm is also offering a 90-day trial period of its managed account solution to retirement plan participants.
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| Sponsored message from PLANADVISER |
| Innovative products, ideas, trends—stay ahead of the game with PLANADVISER Thought Leadership. |
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| Excessive 401(k) Fee Suit Filed Against Parent Company of Victoria’s Secret |
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The lawsuit accuses plan fiduciaries of failing to benchmark recordkeeping fees and failing to monitor investment fees, among other things.
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| Investors Less Likely to Heed Advice from Robo Advisers |
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It appears, according to a survey by Dalbar, that people put more faith in the advice of a human adviser.
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| 2020 Required Amendments List Published by IRS |
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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.
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| Financial Wellness Programs in Greater Demand During COVID-19 |
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Prudential survey finds employees were looking for financial advice and emergency assistance.
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| Market Mirror |
| Friday, the Dow was up 37.90 points (0.13%) at 29,910.37, the NASDAQ climbed 111.44 points (0.92%) to 12,205.85, and the S&P 500 increased 8.70 points (0.24%) to 3,638.35. The Russell 2000 gained 10.25 points (0.56%) to finish at 1,855.27, and the Wilshire 5000 closed 146.59 points (0.39%) higher at 38,057.37.
The price of the 10-year Treasury note increased 26/32, bringing its yield down to 0.846%. The price of the 30-year Treasury bond climbed 1 1/32, decreasing its yield to 1.576%.
For the week ending November 27, the Dow was up 2.21%, the NASDAQ gained 2.96%, and the S&P 500 increased 2.27%. The Russell 2000 climbed 3.92%, and the Wilshire 5000 finished 2.79% higher.
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