PLANADVISERdash – September 10, 2021

Weekday news and analysis for retirement plan advisers

Friday, September 10, 2021

Exclusives

Awards

Research

Events

From the Magazine

Cybersecurity and ERISA

Fiduciaries should consider sharing ”Online Security Tips” with their employees. The guidance provides some excellent information on how individuals can take steps to protect their retirement benefits from cybercriminals. Further, sharing the tips may help demonstrate procedural prudence on the part of the fiduciary.

News Feed Quick Links

Deals & People

Practice Management

Products

Client Service

Data & Research

Investing

Compliance

Retirement Policies Feature in Draft Budget Language Going Before House Committee

Budget reconciliation legislation set for debate in Congress gives top billing to universal paid family and medical leave, but key retirement policies also stand out, including a broad mandate for employers to offer retirement plans.

Today’s Most Read

1.	Biden’s First Veto Keeps DOL’s ESG Rule in Place
2.	Experts Predict Major Growth in Retirement Coverage, Benefits
3.	Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business

IRS Issues Procedures for 403(b) Plan Remedial Amendment Cycle 2

The agency also issued a Revenue Procedure which extends the deadline for making interim amendments for IRC Section 401(a) plans.

2021 PRACTICE PROGRESS WEBINAR SERIES

How to Lose a Client (or Not)

Advisers will share their stories of unsuccessful client relationships, with an eye on helping their peers and colleagues avoid similar issues in the future. Beyond some of the obvious issues that can arise, the panel will detail some unexpected challenges and miscommunications that can cause friction in the client-adviser relationship.

Sept 14

2:00 p.m. EST

Lawsuit Accuses Sponsor of DuPont Pension Plan of 'Sleight of Hand'

Plan fiduciaries are accused of misleading participants in benefits communications and interfering with benefits by arbitrarily assigning them the status of 'terminated' due to a spinoff.

Morningstar to Launch Model Portfolio Star Ratings in Q4

Additionally, the firm has pledged to double the qualitative and forward-looking Morningstar Analyst Rating coverage of model portfolios by the end of 2021.

Market Mirror

Thursday, the Dow closed 151.69 points (0.43%) lower at 34,879.38, the Nasdaq was down 38.38 points (0.25%) at 15,248.25, and the S&P 500 lost 20.79 points (0.46%) to finish at 4,493.28. The Russell 2000 was virtually unchanged at 2,249.13, and the Wilshire 5000 decreased 153.72 points (0.33%) to 46,705.43.

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.299%. The price of the 30-year Treasury bond climbed 1 28/32, bringing its yield down to 1.890%.

Did someone forward you this newsletter?
Sign up here to get PLANADVISER Dash directly in your mailbox!

Unsubscribe

Manage Subscriptions

Advertise