Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 1st, 2020

Prospecting in Turbulent Times

Westminster Consulting LLC in Rochester, New York, amped up its outreach to potential new clients over the past few months, says Sean Patton, a partner in the firm. With the opportunity to meet new prospects at events temporarily on hold, Westminster’s advisory staff has gotten more involved with online events such as webcasts and typically does two to five of those weekly. Read more >
2020 Digital PLANADVISER National Conference
Join us live from the comfort of your desk on September 14 to 18, 2020! Read more >
UPS Defeats ‘Actuarial Equivalence’ ERISA Challenge
The defense has prevailed on technical grounds in a lawsuit that argues plan sponsors should be required to use fresh mortality and interest rate assumptions when converting between the standard and alternative forms of annuities to be paid out by a pension plan.  Read more >
15th Anniversary of RPAY: Stace Hilbrant
The 2012 winner of the PLANSPONSOR Retirement Plan Adviser of the Year award says more change has happened in the past eight years than occurred immediately after the passage of the landmark ERISA legislation. Read more >
Few Divorcing Couples Know About QDROs
Older couples and women, in particular, are often put at a retirement disadvantage when faced with a divorce, a GAO report finds. Read more >
Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation
More TDF Underperformance ERISA Lawsuits Filed
Dover Corporation Faces ERISA Suit Over Managed Account Fees
The Future of Work in the Investment Industry
Lawsuit Against Northern Trust Over TDFs Will Proceed
Guidance on Payroll Tax Deferral Tells When It Must Be Repaid
In guidance about the payroll tax deferral, the IRS says unpaid amounts must be withheld and paid between January 1 and April 30, 2021. Read more >
DOL Issues Proposed Rule on Benefit Plan Proxy Voting
Provisions of the proposal articulate general duties requiring fiduciaries to vote any proxy where the fiduciary prudently determines that the matter being voted upon would have an economic impact on the plan. Read more >
2020 PLANADVISER Recordkeeper Services Survey
Recordkeepers’ consistent evolution has led them to offer a wide range of investments, technology and servicing options today. Read more >
Alliance for Lifetime Income Creates Income Presentation
The offering is designed for financial professionals to deliver to clients and prospects. Read more >
Market Mirror
Yesterday, the Dow lost 223.82 points (0.78%) to finish at 28,430.05, the NASDAQ closed 79.82 points (0.68%) higher at 11,775.46, and the S&P 500 decreased 7.70 points (0.22%) to 3,500.31. The Russell 2000 fell 16.47 points (1.04%) to 1,561.88, and the Wilshire 5000 was down 33.82 points (0.09%) at 35,807.76. The price of the 10-year Treasury note was up 1/32, bringing its yield down to 0.704%. The price of the 30-year Treasury bond increased 30/32, decreasing its yield to 1.468%.
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