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Insight on Plan Design & Investment Strategy Every Weekday
Abbott Defendants Dismissed From Retirement Plan Cybersecurity Lawsuit
However, a federal judge did not dismiss claims against the recordkeeper for the Abbott Laboratories Stock Retirement Plan.
ESG As a Fiduciary Consideration
Industry professionals highlight the importance of implementing environmental, social and governance strategies, and explain how the investments connect to a plan sponsor’s fiduciary duty.
Most Read
State Bill Would Require Multiple 403(b) Providers
Growing Inclusion of Alts in DC Plans
Deals and People
Retirement Industry People Moves
Market Mirror
Yesterday, the Dow was up 465.83 points (1.68%) at 28,148.64, the NASDAQ gained 257.47 points (2.32%) to finish at 11,332.49, and the S&P 500 increased 60.16 points (1.80%) to 3,408.60. The Russell 2000 climbed 74.27 points (4.93%) to 1,581.96, and the Wilshire 5000 closed 646.44 points (1.88%) higher at 35,117.31.

The price of the 10-year Treasury note decreased 29/32, bringing its yield up to 0.773%. The price of the 30-year Treasury bond fell 2 1/32, increasing its yield to 1.580%.
IRS Issues Final Rule on Default Withholding for Periodic Payments
For 2021, the default rate of withholding for certain periodic retirement and annuity payments will remain the same as it was prior to the Tax Cuts and Jobs Act.
TriNet Latest to Face Familiar Fiduciary Breach Allegations
Yet another piece of ERISA litigation has been filed by the law firm Capozzi Adler, this one following the same template as the numerous other complaints filed by the firm on behalf of proposed classes of retirement plan participants.
Small Talk
ON THIS DATE: In 1683, encouraged by William Penn’s offer of 5,000 acres of land in the colony of Pennsylvania and the freedom to practice their religion, the first Mennonites arrived in America aboard the Concord. They were among the first Germans to settle in the American colonies. In 1884, the Naval War College was established in Newport, Rhode Island. In 1949, President Harry Truman signed the Mutual Defense Assistance Act. The act provided $1.3 billion in the form of military aid to NATO countries. In 1961, President John F. Kennedy, speaking on civil defense, advised American families to build bomb shelters to protect them from atomic fallout in the event of a nuclear exchange with the Soviet Union. In 1979, Pope John Paul II became the first pontiff to visit the White House.
TUESDAY TRIVIA: Where did the practice of trick-or-treating originate?
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