NewsDash – May 11, 2022

May 11th, 2022
Insight on Plan Design & Investment Strategy Every Weekday

Investing

Russia-Ukraine War Has U.S. Pensions Examining Long-Term Investment Sustainability

U.S. pensions’ allocations to Russian assets are limited, but plans are responding to the conflict by considering their long-term approach.

Compliance

Move to Compel ERISA Claim Arbitration Rejected by 6th Circuit

The appellate court has sided with a lower court’s determination that individual arbitration agreements signed by plaintiffs should not prevent claims made on behalf of the plan as a whole from moving ahead.

Most Read

Deals and People
LPL Terminates CEO Dan Arnold

Administration
IRS Provides Tax Relief for Those Impacted by Hurricane Helene

Benefits
Implementing Retirement Income Strategies

MARKET MIRROR

Tuesday, the Dow lost 84.96 points (0.26%) to close at 32,160.74, the Nasdaq gained 114.42 points (0.98%) to finish at 11,737.67, and the S&P 500 was up 9.81 points (0.25%) at 4,001.05. The Russell 2000 dropped 0.29 points (0.02%) to 1,761.79, and the Wilshire 5000 was up 47.62 points (0.12%) at 39,634.21.

The price of the 10-year Treasury note increased 3/32, lowering its yield to 2.995%. The price of the 30-year Treasury bond increased 26/32, lowering its yield to 3.129%.

Benefits

Labor Outlook Lessons From EBRI’s Spring Policy Forum

A panel of experts convened by EBRI discussed what factors are driving the ‘Great Resignation and Retirement,’ and what the future may hold for the U.S. labor force.

ASK THE EXPERTS

Frequency of Receiving Provider Fee Disclosures

“I am a fiduciary of an ERISA 403(b) plan and don’t recall having seen a 408(b)(2) fee disclosure from my recordkeeper of late. Aren’t we supposed to receive these annually?”

SMALL TALK

ON THIS DATE: In 1647, Peter Stuyvesant arrived in New Amsterdam to become governor. In 1858, Minnesota was admitted as the 32nd U.S. state. In 1927, the Academy of Motion Picture Arts and Sciences was founded. In 1947 B.F. Goodrich Co. announced it had developed the tubeless tire. In 1949, Siam changed its name to Thailand. In 1981, Reggae star Bob Marley died at age 36. In 1997, chess grandmaster Garry Kasparov resigned after 19 moves in a match against Deep Blue, a chess-playing computer developed by scientists at IBM. In 2000, India’s population officially reached 1 billion.

Industry Intel Roundup—Thought Leadership

PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.