Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 9th, 2020
IRS Simplifies Certain 403(b) Plan Terminations
SECURE Act-based guidance from the IRS will allow for distributions of custodial accounts under rules similar to those that have been available for annuity contracts under a 403(b) plan. Read more >
Experts Discuss Participant Interest in In-Plan Annuities
The SPARK Institute led a panel with industry authorities who explained how they are drawing participants to in-plan annuity options. Read more >
Another Uneventful Fed Meeting Unfolds
As a highly contentious presidential election plays out in the U.S., the Federal Reserve is working to project a message of stability and consistency to support the markets. Read more >
Are Advisers Conflicted When Serving MEPs and PEPs?
This hour-long, editorial-driven webinar will dive into the expansion of the PEP marketplace and discuss practical matters for advisers who consider incorporating such plans into their practice and client offerings. Join us! Read more >
2023 Retirement Plan Adviser of the Year Finalists
Retirement Advisers Increasingly Want PEP Option in Toolbox
With SECURE 2.0, the Cash Balance DB Plan May Be Back
A Reminder to Avoid Fraudulent Hardship Withdrawals
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
Sponsored message from BNY Mellon Investment Management
A new custom target date modeling tool is democratizing retirement
BNY Mellon Investment Management and Wilshire Associates have launched BNY Mellon Custom Target Date Builder, an institutional-strength modeling tool for custom portfolios designed for small and mid-size DC plans. Read more >
PBGC Takes Over J.C. Penney Pension
A purchase agreement allowing the company to emerge from Chapter 11 bankruptcy does not include the pension plan debts or assets, despite its comparatively strong funding position. Read more >
Magnifi Integrates Fi360 Fiduciary Score
Fi360 scores can recommend best-fit products while staying in compliance with Reg BI requirements Read more >
Retirement Industry People Moves
OneDigital acquires Berkshire employee benefits division; SageView Advisory Group hires institutional client relationship leaders; Janus Henderson investors selects ESG global head; and more. Read more >
Sponsored message from American Century Investments
An ERISA Attorney’s Views on Target-Date Fund Selection
Brad Campbell opines on how ERISA protects fiduciaries—if they document their decisions the right way. Read more >
Market Mirror
Friday, the Dow declined by 66.78 points (0.24%) to fall to 28,323.40, the NASDAQ inched upwards by a mere 4.30 points (0.04%) to close at 11,895.23, and the S&P 500 was off by a mere 1.01 points (0.03%) to end at 3,509.44. The Russell 2000 declined by 15.89 points (0.95%) for a 1,644.16 finish, and the Wilshire 5000 lost 11.92 points (0.03%) to end at 36,256.93. The price of the 10-year Treasury note declined by 4/32, increasing its yield to 0.818, and the price of the 30-year Treasury bond was down 1 28/32, increasing its yield to 1.600%. WEEK’S WORTH: For the week ended November 6, the Dow was up by 6.87%, the S&P 500 was up 7.32%, the NASDAQ gained 9.01%, the Russell 2000 ended 6.87% higher, and the Wilshire 5000 was up by 7.51%.
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