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PLANSPONSOR NEWSDASH LOGO November 10th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
PEPs Carry Evolving Fiduciary Risks of Their Own
PEPs Carry Evolving Fiduciary Risks of Their Own
The legal complexities that emerge when a single employer operates a retirement plan for its own staff are already immense; the same will certainly be true when it comes to building pooled employer plans.
Compliance
Cybersecurity Risks Still Lurking for Retirement Plan Sponsors
A recent federal court decision does not let plan sponsors off the hook, and various state laws may be applied to cases against them.
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Compliance
Effect of the Biden Administration on Health and Retirement Benefits
Compliance
Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program
Compliance
Cybersecurity Risks Still Lurking for Retirement Plan Sponsors
SPONSORED BY: Financial Engines
Protect Retirement Income for Your Participants - and Your Bottom Line
How you can help prevent participants from taking plan loans or hardship withdrawals
Market Mirror
Monday, the Dow climbed 834.57 points (2.95%) to 29,157.97, the NASDAQ lost 181.45 points (1.53%) to finish at 11,713.78, and the S&P 500 closed 41.06 points (1.17%) higher at 3,550.50. The Russell 2000 added 44.99 points (2.71%) to close at 1,705.04, and the Wilshire 5000 gained 337.00 points (0.93%) to finish at 36,593.93.

The price of the 10-year Treasury note dropped 1 1/32, increasing its yield to 0.935%. The price of the 30-year Treasury bond fell 2 28/32, increasing its yield to 1.722%.
Compliance
ESOP Participants Claim They Were Conned Into Selling Shares at Discount
A proposed class has been certified in the lawsuit against Maine Oxy-Acetylene Supply Co., its owner and a person who reportedly financed the purchase of the company.
Participants
401(k) Investors Take Their Preference for Fixed Income to New Level
In October, all of their net trades went into fixed income, according to the Alight Solutions 401(k) Index.
Investing
Asset Managers Share Initial Expectations for the Biden Presidency
One expected outcome at this very early juncture is that environmental, social and governance investing will see major advancements, sources say.
SPONSORED BY: American Century Investments
The Making of a Glide Path
Investor reliance on TDFs underscores the importance of having a disciplined approach to glide path construction.
Small Talk
ON THIS DATE: In 1871, Henry M. Stanley, journalist and explorer, found David Livingstone. Livingstone was a missing Scottish missionary in central Africa. Stanley delivered his famous greeting: “Dr. Livingstone, I presume?” In 1917, 41 suffragists were arrested in front of the White House. In 1951, direct-dial, coast-to-coast telephone service began when Mayor M. Leslie Denning of Englewood, New Jersey, called his counterpart in Alameda, California. In 1954, the Iwo Jima Memorial was dedicated in Arlington, VA. In 1969, “Sesame Street” debuted on PBS. In 1970, the Great Wall of China opened for tourism. In 1975, the Edmund Fitzgerald, an ore-hauling ship, and its crew of 29 vanished during a storm in Lake Superior. In 1982, in Washington, D.C., the Vietnam Veterans Memorial was opened to visitors. In 1996, Dan Marino (Miami Dolphins) became the first quarterback in NFL history to pass for more than 50,000 yards. In 1999, Ted Danson received a star on the Hollywood Walk of Fame. In 2001, the World Trade Organization approved China’s membership.
TUESDAY TRIVIA: What famous people have or had a stutter?
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