Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 6th, 2020

Investing Against COVID-19

With the wind at their backs from the start of the year, some managers arrived at the COVID-19 outbreak with bullish views on the equity markets. “Coming into the crisis, we were 3% or 4% above the midpoint of our TDF glide path allocation,” recalls Dan Oldroyd, portfolio manager and head of target-date strategies at J.P. Morgan Asset Management in New York City.  Read more >
Abbott Escapes Retirement Plan Cybersecurity Suit
A federal judge found Abbott defendants were not fiduciaries with regard to the alleged acts, but claims against Abbott’s retirement plan recordkeeper were allowed to stand. Read more >
Latest ERISA Class Action Suit Echoes Many Others
The proposed class action lawsuit against TriNet HR follows the same template as numerous others filed by the law firm Capozzi Adler. Read more >
Advisers Giving Back: Stephanie Hunt
Stephanie Hunt at Atlanta Retirement Partners is closely involved with the Food Bank of Northeast Georgia; she particularly enjoys donating her time to the Food 2 Kids program. Read more >
The New Vesting Schedule Debate
Why Are Financial Services Firms Looking to Wealth Management Leaders?
The Future of Work in the Investment Industry
GOP Attorneys General Question BlackRock on Fiduciary, Antitrust Concerns
A Reminder to Avoid Fraudulent Hardship Withdrawals
Sponsored message from OneAmerica
Choice and Simplicity
Interview with Sandy McCarthy. Read more >
The reach of defined contribution investment only marketplace—and how industry insiders expect intermediaries to expand the current concentration of assets among a few DCIO providers to competing investment firms. Read more >
DOL Gives Private-Equity Guidance
401(k) plans may include the strategy as part of a diversified fund. Read more >
Market Mirror
Yesterday, the Dow was up 465.83 points (1.68%) at 28,148.64, the NASDAQ gained 257.47 points (2.32%) to finish at 11,332.49, and the S&P 500 increased 60.16 points (1.80%) to 3,408.60. The Russell 2000 climbed 74.27 points (4.93%) to 1,581.96, and the Wilshire 5000 closed 646.44 points (1.88%) higher at 35,117.31. The price of the 10-year Treasury note decreased 29/32, bringing its yield up to 0.773%. The price of the 30-year Treasury bond fell 2 1/32, increasing its yield to 1.580%.
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