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PLANSPONSOR NEWSDASH LOGO February 19th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
2020 Best in Class 401(k) Plans
2020 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the sixth “class” of companies winning the Best in Class 401(k) Plan designation.
Deals and People
Franklin Templeton Acquires Legg Mason
The combined platform creates a strong separately managed account business, and the company plans to expand its multi-asset solutions.
Most Read
Compliance
DOL ESG Proposal Throws a Cloud Over Prior Guidance
Compliance
Lawsuit Says Plan Fiduciaries Should Have Chosen Less Expensive CITs
Opinions
COVID-19 Compliance Corner: IRS Expands CRD Eligibility and Clarifies Loan Rules
Benefits
Brokers Being Asked to Do More to Cut Health Benefit Costs
Employers are asking benefits brokers to engage employees on benefits choices and offer better price transparency, among other things.
SPONSORED BY: Fidelity
The Benefits Balancing Act
Offering more benefits typically leads to recruitment success, but it’s not as simple when it comes to retention.
Market Mirror
Tuesday, the Dow lost 165.89 points (0.56%) to finish at 29,232.19, the NASDAQ inched up 1.57 points (0.02%) to 9,732.74, and the S&P 500 decreased 9.87 points (0.29%) to 3,370.29. The Russell 2000 was down 4.06 points (0.24%) at 1,683.52, and the Wilshire 5000 closed 65.11 points (0.19%) lower at 34,363.22.

The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.559%. The price of the 30-year Treasury bond increased 7/32, bringing its yield down to 2.013%.
Compliance
District Court Dismisses Fidelity FundsNetwork Revenue Sharing Challenge
The lawsuit sought to portray Fidelity as a functional fiduciary that was inappropriately collecting revenue sharing payments from third-party mutual fund companies.
Products
John Hancock Offers Emergency and College Savings Tools
A method for setting up an emergency savings account and an education planning center are available on the website for retirement plan participants.
Small Talk
ON THIS DATE: In 1807, Aaron Burr, a former U.S. vice president, was arrested in Alabama on charges of plotting to annex Spanish territory in Louisiana and Mexico to be used toward the establishment of an independent republic. In 1847, the first rescuers reached surviving members of the Donner Party, a group of California-bound emigrants stranded by snow in the Sierra Nevada Mountains. In 1878, Thomas Alva Edison patented a music player (the phonograph). In 1942, President Franklin Roosevelt signed an executive order giving the military the authority to relocate and intern Japanese-Americans. In 1945, during World War II, about 30,000 U.S. Marines landed on Iwo Jima. In 2004, former Enron Corp. chief executive Jeffrey Skilling was charged with fraud, insider trading and other crimes in connection with the energy trader’s collapse. In 2005, the USS Jimmy Carter was commissioned at Groton, Connecticut. It was the last of the Seawolf class of attack submarines.
WEDNESDAY WISDOM: “It is the mark of an educated mind to be able to entertain a thought without accepting it.”–Aristotle
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