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How This Year’s Plan Financial Audit Could Be Different
How This Year’s Plan Financial Audit Could Be Different
Auditors might be reviewing more transactions and processes, and they’ll need more time to handle audits remotely.
Nextep MEP Sued for Excessive Fees
The lawsuit takes particular issue with the use of higher-cost share classes and revenue sharing.
Most Read
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income
Economic Events
Privately-owned housing starts in February were at a seasonally adjusted annual rate of 1,421,000, the Census Bureau reported. This is 10.3% below the revised January estimate of 1,584,000 and is 9.3% below the February 2020 rate of 1,567,000. Single-family housing starts in February were at a rate of 1,040,000; this is 8.5% below the revised January figure of 1,136,000. The February rate for units in buildings with five units or more was 372,000.
Market Mirror
Wednesday, the Dow gained 189.42 points (0.58%) to finish at 33,015.37, the Nasdaq closed 53.64 points (0.40%) higher at 13,525.20, and the S&P 500 was up 11.41 points (0.29%) at 3,974.12. The Russell 2000 fell 23.78 points (1.01%) to 2,336.39, and the Wilshire 5000 increased 140.89 points (0.34%) to 42,154.72.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.644%. The price of the 30-year Treasury bond decreased 30/32, bringing its yield up to 2.423%.
Fidelity Exiting HR/Payroll Business
The company will work with Paycor to integrate it with Fidelity’s other platforms.
John Hancock Dashboard Enables Retirement Readiness Analysis
It also allows sponsors to identify opportunities to improve participant outcomes.
Center for Board Certified Fiduciaries to Offer Master’s, Ph.D.
Thirty-five fiduciary advocates and leaders have created the center, which will be affiliated with at least one university, to help develop exemplary fiduciaries.
Plan Sponsors Can Now Receive Certificate for ESG Investing
The certificate was developed by the CFA Society of the United Kingdom is recognized by the UN Principles for Responsible Investment.
Small Talk
ON THIS DATE: In 1766, after four months of widespread protest in America, the British Parliament repealed the Stamp Act, a taxation measure enacted to raise revenues for a standing British army in America. In 1818, Congress approved the first pensions for government service. In 1852, in New York City, Henry Wells and William G. Fargo joined with several other investors to launch American Express. Today, their namesake business is one of the world’s largest banks. In 1881, Barnum and Bailey’s Greatest Show on Earth opened in Madison Square Gardens. In 1911, Theodore Roosevelt opened the Roosevelt Dam in Arizona. It was the largest dam in the U.S. at the time. In 1949, the North Atlantic Treaty Organization (NATO) was ratified. In 1959, President Dwight Eisenhower signed the Hawaii statehood bill. In 1963, the U.S. Supreme Court handed down the Miranda decision concerning legal counsel for defendants. In 1968, Congress repealed the requirement for a gold reserve. In 1986, the Treasury Department announced that a clear, polyester thread was to be woven into bills in an effort to thwart counterfeiters.
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