Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 30th, 2020
Retirement Investments and Presidential Elections
The U.S. presidential election is just one more source of potential stock market volatility, experts agree. Read more >
Empower Continues 2020 Acquisitions With Fifth Third Deal
The Fifth Third retirement plan business comprises more than 475 workplace savings plans populated by approximately 100,000 participants with $6.21 billion in assets. Read more >
New Excessive Fee Suit Alleges Familiar 401(k) and 403(b) Plan Breaches
Allegations in the lawsuit against Barnabas Health closely parrot other proposed class action complaints filed in the past year against health care systems by the law firm Capozzi Adler. Read more >
Employers Face High Health Care Benefit Costs for 2021
According to a poll by the National Alliance of Healthcare Purchaser Coalitions, 71% of employers are keeping or accelerating their health benefit strategies for 2021, while 63% plan to do so for 2022. Read more >
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
SS&C Adds Allianz Retirement Income Annuity to DC Plan Platform
As States Add Retirement Programs, Private Providers See Growth
Schwab Sees Record Attendance in Participant 401(k) Sessions
ChatGPT Sentiment Analysis Significantly Outperforms Stock Market Average
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2020 Top 100 Retirement Plan Advisers
Noteworthy retirement plan specialists, based on number of plans and total assets under advisement. Read more >
Pandemic Will Have Negative Impact on Retirement Savings
In releasing its 2020 Global Retirement Index, the investment manager outlines obstacles to retirement savings but says expanding coverage to more people and pairing that with automatic features can mitigate the challenges. Read more >
Advisers Giving Back: Renee Scherzer at 401K Resources
Two causes that are close to Renee Scherzer’s heart are helping with animal rescues and supporting children in crisis—though her giving efforts expand into many other areas. Read more >
New Fiduciary Rule Ahead
The main theme of the DOL’s new rule proposal is in alignment with other regulators—the SEC and FINRA in particular—but the agency is not surrendering its jurisdiction over tax-qualified retirement plans. 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 >
Market Mirror
Tuesday, the Dow fell 131.40 points (0.48%) to 27,452.66, the NASDAQ dropped 32.28 points (0.29%) to 11,085.25, and the S&P 500 closed 16.13 points (0.48%) lower at 3,335.47. The Russell 2000 gained 29.82 points (2.02%) to finish at 1,504.73, and the Wilshire 5000 dropped 154.88 points (0.45%) to finish at 34,224.93. The price of the 10-year Treasury note was up 2/32, decreasing its yield at 0.645%. The price of the 30-year Treasury bond gained 23/32, bringing its yield down to 1.413%.
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