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Weekday news and analysis for retirement plan advisers
Friday, September 10, 2021
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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.
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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.
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 Market Mirror Graph

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%.

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