Linsey Schoemehl Payne
March certainly came in like a lion (though whether it came out like a lamb is debatable). The continued spread of the coronavirus pandemic led to sharp and steep sell-offs in both the bond and equity markets as investors fled to cash. An array of fiscal and monetary stimulus aimed at staving off a global recession followed suit.
With so many looming unknowns, what can plan sponsors do to best support defined contribution plan participants? This newsletter provides an overview of recent developments in response to the coronavirus and how plan sponsors can maintain fiduciary best practices and continue to help participants act prudently in the days that lie ahead.
GDP growth turning positive in the first quarter, May unemployment down to 5.8% from 14.8% in April 2020, and the…
This legislative update covers the Secure Act 2.0, provides an update on the Department of Labor’s enforcement of its
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