March 18th, 2021 Insight on Plan Design & Investment Strategy Every Weekday Compliance 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. Compliance Nextep MEP Sued for Excessive Fees The lawsuit takes particular issue with the use of higher-cost share classes and revenue sharing. Most Read Compliance House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage Data and Research Working Past Age 65 May Seem Like a Great Idea … Participants 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%. Products 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 Small Talk ON THIS DATE: In 1766, after four months of widespread protest in America, the British Parliament repealed the Stamp Act, a taxation measure enacted to raise revenues for a standing British army in America.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. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise

©2021 Asset International Inc. All rights reserved. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850