Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 7th, 2020

Pooled Employer Plans and 3(38) Fiduciary Advisers

One provider getting ready to launch a SECURE Act-enabled pooled employer plan on January 1 says he is already in conversation with advisers about combining 3(38) fiduciary oversight with PEP recordkeeping and administration. Read more >
Northwestern University Case Plaintiffs Petition Supreme Court
The high court has been asked to weigh in on whether allegations that investment fees charged were excessive compared to other investments is sufficient to state a claim of imprudence. Read more >
2020 Top 100 Retirement Plan Advisers
Each year PLANADVISER magazine recognizes the top quantitative standouts from our Retirement Plan Adviser Survey according to the dollar value of qualified plan AUA as well as the number of plans under advisement. Read more >
Retirement Savings Optimization
Jason Cook, vice president of health care emerging market sales at WEX Health in Chicago, says the first thing advisers should emphasize to sponsors and participants about health savings accounts’ value is their usefulness in retirement to pay for long-term medical expenses and out-of-pocket expenses that Medicare does not cover. 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 BNY Mellon Investment Management
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15th Anniversary of RPAY: the Prince Group
When the Prince Group won the Retirement Plan Adviser Team of the Year award in 2010, it did not offer 3(38) fiduciary services. Times have changed, says Doug Prince, CEO. Read more >
Transamerica Launches Student Loan Repayment Program
Employers that use Transamerica as the recordkeeper for their retirement plan now have access to Transamerica’s Student Loan Repayment Program to help workers pay back student loans. Read more >
DOL’s ESG Restrictions Prompt Retirement Industry Head Scratching
Broad based demand is building among U.S. retirement plan investors for access to environmentally and socially responsible investments, leaving industry analysts wondering why new restrictions are being proposed by the Trump administration. Read more >
Market Mirror
Tuesday, the Dow lost 375.88 points (1.34%) to finish at 27,772.76, the NASDAQ closed 177.88 points (1.57%) lower at 11,154.60, and the S&P 500 decreased 47.66 points (1.40%) to 3,360.97. The Russell 2000 was down 4.67 points (0.30%) at 1,577.29, and the Wilshire 5000 fell 443.95 points (1.26%) to 34,673.49. The price of the 10-year Treasury note was up 5/32, decreasing its yield to 0.739%. The price of the 30-year Treasury bond increased 1 25/32, bringing its yield down to 1.533%.
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