Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 28th, 2020
Settlement for Cornell 403(b) Plan Suit Filed for Preliminary Approval
Parties agreed that a payment of $225,000 will settle the remaining claim in the case related to the share class of the TIAA-CREF Lifecycle Funds. Read more >
MGM Resorts 401(k) Joins List of Excessive Fee Lawsuit Targets
The lawsuit challenges the use of actively managed funds over passive funds and the use of higher-cost share classes, among other things. Read more >
Get Notified of Open Award Nominations
Each fall, PLANSPONSOR opens nominations for our annual Plan Sponsor of the Year and Retirement Plan Adviser of the Year awards. The best place to learn when the nominations open for these or any other awards programs is via our daily NewsDash and PLANADVISERDash email newsletters. However, if you would like to receive an email notifying you when nominations are open, please provide your information. Read more >
MOST READ ARTICLES
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Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
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Retirement Industry Cheers New ‘Securing a Strong Retirement Act’
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Gen X Facing the Stark Reality of Retirement
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IRS Announces Contribution and Benefit Limits for 2021
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A New World and New Opportunities for Alpha
Considerations When Constructing Plan Committeees
Having an odd number of members is sensible, as is pursuing a committee that reflects the employee population’s demographics. Read more >
PSNC 2020: Creating Income Streams for Participants
Panelists discussed how employers can add different lifetime income options into their plans and the appropriate products to use.  Read more >
Retirement Industry People Moves
Schroders selects fixed income head and CalPERS names private equity investment director. Read more >
Market Mirror
Friday, the Dow increased 358.52 points (1.34%) to 27,173.96, the NASDAQ climbed 241.30 points (2.26%) to 10,913.56, and the S&P 500 closed 51.87 points (1.60%) higher at 3,298.46. The Russell 2000 fell 22.05 points (1.47%) to 1,474.91, and the Wilshire 5000 gained 571.30 points (1.72%) to finish at 33,816.42.   The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.658%. The price of the 30-year Treasury bond increased 2/32, bringing its yield down to 1.401%.   For the week ending September 25, the Dow lost 1.75%, the NASDAQ finished 1.11% higher, and the S&P 500 was down 0.63%. The Russell 2000 fell 4.03%, and the Wilshire 5000 decreased 0.70%.
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