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September 22nd, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Compliance
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PSNC 2020: What’s Next?
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This year’s conference opened with a lively discussion about the changes plan sponsors are experiencing, the new issues to which they need to turn their attention and what should remain ‘business as normal,’ as well as how to handle the stress. 
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| Market Mirror |
Monday, the Dow decreased 509.72 points (1.84%) to 27,147.70, the NASDAQ lost 14.48 points (0.13%) to finish at 10,778.80, and the S&P 500 fell 38.41 points (1.16%) to 3,281.06. The Russell 2000 was down 51.53 points (3.35%) at 1,485.25, and the Wilshire 5000 closed 395.49 points (1.16%) lower at 33,659.68.
The price of the 10-year Treasury note increased 3/32, lowering its yield to 0.669%. The price of the 30-year Treasury bond was up 8/32, decreasing its yield to 1.422%.
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Compliance
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AutoZone ERISA Challenge Drives Ahead
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The fiduciary breach lawsuit, which has now cleared the motion to dismiss stage, does not name Prudential as a defendant, but it does extensively discuss Prudential’s GoalMaker investment solution.
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ON THIS DATE: In 1789, Congress authorized the office of Postmaster General. In 1862, President Abraham Lincoln issued a preliminary Emancipation Proclamation, which set a date for the freedom of more than three million slaves in the United States and recast the Civil War as a fight against slavery. In 1903, Italo Marchiony was granted a patent for the ice cream cone. In 1961, President John F. Kennedy signed a congressional act that established the Peace Corps.
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