Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 22nd, 2020
AutoZone ERISA Suit Clears Motion to Dismiss
The district court declined to rule on the reasonableness of comparing actively managed funds to passively managed index funds on a motion to dismiss, clearing the way for discovery and potentially a full trial. Read more >
Workers Need Help on Retirement Income
They expect 44% of their retirement income will come from their 401(k), according to Charles Schwab, and half said they would benefit from financial advice. Read more >
PANC 2020: Virtual One-on-Ones, How Workplace Retirement Advice Is Changing
Advisers discussed their strategies for reaching retirement plan participants, the technology they use and the pros and cons of the new virtual environment. 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 >
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Sponsored message from Fidelity Investments
Racial Inequalities in Financial Wellness
To address racial inequalities, we must acknowledge they exist and understand the reasons why. Here, we explore differences by race and ethnicity across budgeting, debt, savings, protection, and financial confidence.   Read more >
Investment Advice Revisited
On June 29, the Department of Labor (DOL) issued a notice of proposed class exemption titled “Improving Investment Advice for Workers and Retirees.” At that point, the ink was still drying on advisers’ Form CRSs and Regulation Best Interest (Reg BI) disclosures. Now, the department has introduced a new exemption for advisers who act as fiduciaries to Employee Retirement Income Security Act (ERISA)-covered plans, individual retirement accounts (IRAs) and other tax preferred accounts. Read more >
Giving Back: Lessons in Mentorship from Soraya Morris
Soraya Morris is a lead trainer at Envestnet | MoneyGuide. She formerly worked for a fee-only registered investment adviser and says mentorship is a huge part of her past and future in this industry. Read more >
DOL Gives Private-Equity Guidance
401(k) plans may include the strategy as part of a diversified fund. Read more >
Market Mirror
Monday, the Dow decreased 509.72 points (1.84%) to 27,147.70, the NASDAQ lost 14.48 points (0.13%) to finish at 10,778.80, and the S&P 500 fell 38.41 points (1.16%) to 3,281.06. The Russell 2000 was down 51.53 points (3.35%) at 1,485.25, and the Wilshire 5000 closed 395.49 points (1.16%) lower at 33,659.68. The price of the 10-year Treasury note increased 3/32, lowering its yield up to 0.669%. The price of the 30-year Treasury bond was up 8/32, decreasing its yield to 1.422%.
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