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PLANSPONSOR NEWSDASH LOGO August 25th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
DOL Letters Seen as Further Effort to Restrict Use of ESG in Retirement Plans
DOL Letters Seen as Further Effort to Restrict Use of ESG in Retirement Plans
Before it published a proposed rule, the DOL sent letters to plan sponsors about ESG investment practices. Sources share thoughts about what the effort means.
Benefits
Financial Wellness Programs Should be Engaging and Include Objective Measures
A Retirement Advisor Council paper recommends ensuring the program is accessible and usable to anyone regardless of literacy, wealth or earnings.
Most Read
1
2020 PLANSPONSOR National Conference
2
Are Employer-Sponsored DC Plans the Best Retirement Savings Vehicles?
3
2020 Recordkeeping Survey
4
2020 Plan Sponsor of the Year
5
Early Retirement Increasingly the Goal for Younger Generations
Market Mirror
Yesterday, the Dow climbed 378.13 points (1.35%) to 28,308.46, the NASDAQ increased 67.92 points (0.60%) to 11,379.72, and the S&P 500 gained 34.12 points (1.00%) to finish at 3,431.28. The Russell 2000 was down 1.30 points (0.08%) at 1,568.47, and the Wilshire 5000 closed 320.26 points (0.92%) higher at 35,061.49.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 0.656%. The price of the 30-year Treasury bond decreased 5/32, bringing its yield up to 1.361%.
Compliance
Parties in Lawsuit Over Revenue Sharing in 401(k) Plan Agree to Settle
BTG International and company officials agreed to pay $560,000 to settle charges they allowed the plan’s recordkeeper to receive unreasonable compensation through undisclosed channels.
DOL to Hold Hearing on Investment Advice Proposed Rule
The DOL said it received several requests for a hearing during the comment period and commenters expressed interest in its proposed ERISA prohibited transaction exemption.
Products
DCIIA Offers Primer on Managed Accounts in DC Plans
The primer is the first in a series of four papers DCIIA will issue that will cover the basics of managed accounts, due diligence in selecting a provider and personalization of managed accounts.
Small Talk
ON THIS DATE: In 1814, the Library of Congress was destroyed by British forces. In 1916, the National Park Service was established as part of the Department of the Interior. In 1944, after more than four years of Nazi occupation, Paris was liberated by the French 2nd Armored Division and the U.S. 4th Infantry Division. In 1972, in Great Britain, the computerized axial tomography (CAT) scan was introduced. In 2009, Edward “Ted” Kennedy, the youngest brother of President John F. Kennedy and a senator from Massachusetts from 1962 to 2009, died of brain cancer at age 77 at his home in Hyannis Port, Massachusetts.
TUESDAY TRIVIA: Who has run for president of the U.S. the most times?
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