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| Appo Group Solution Streamlines Participant Communication | |
| Appo Group, a communications technology provider focusing on the retirement services industry, is rolling out a new solution designed to integrate the creation and management of multimedia communications including print, email and Web into a single platform.Read more > | |
| Market Mirror | |
Tuesday, the Dow closed 37.87 points (0.19%) higher at 20,090.29, the NASDAQ increased 10.67 points (0.19%) to 5,674.22, and the S&P 500 was virtually unchanged at 2,293.08. The Russell 2000 was down 5.61 points (0.41%) at 1,361.06, and the Wilshire 5000 decreased 17.02 points (0.07%) to 23,972.47. On the NYSE, 3.1 billion shares traded, with a slight lead for declining issues. On the NASDAQ, 3.0 billion shares changed hands, with 1.4 decliners for every advancer. The price of the 10-year Treasury note was up 5/32, decreasing its yield to 2.393%. The price of the 10-year Treasury bond increased 17/32, bringing its yield down to 3.022%. | |
| Compliance | |
| TIAA Faces Suit Over 403(b) Plan Participant Loans | |
| Participants’ loans were paid from TIAA’s general account and the firm kept some of the interest participants paid, which the suit says “is the epitome of self-dealing.”Read more > | |
| Ask the Experts | |
| 3401(a) Definition of Compensation | |
| “Our recordkeeper-provided documents for our 403(b) plan states that we should be using a ‘3401(a)’ definition of compensation. What in the world is 3401(a) compensation? I know what W-2 wages are obviously, but how is this definition different?”Read more > | |
| Small Talk | |
| Forty-one percent of Americans consider financial stability to be among the traits they find most important in a spouse/partner, ranking only behind personal values (78%) and personality (73%), according to a survey by SunTrust Banks.Read more > | |
ON THIS DATE: In 1693, a charter was granted for the College of William and Mary in Williamsburg, Virginia. In 1861, the Confederate States of America was formed. In 1896, the Western Conference was formed by representatives of Midwestern universities. The group changed its name to the Big 10 Conference. In 1910, William D. Boyce incorporated the Boy Scouts of America. In 1918, during World War I, “The Stars and Stripes” was published under orders from General John J. Pershing for the United States Army forces in France. It was published from February 8, 1918, to June 13, 1919. In 1936, the first National Football League draft was held. Jay Berwanger was the first to be selected. He went to the Philadelphia Eagles. In 1952, Queen Elizabeth II ascended to the British throne. Her father, George VI, had died on February 6. In 1963, the U.S. President John Kennedy administration prohibited travel to Cuba and made financial and commercial transactions with Cuba illegal for U.S. citizens. In 1963, Lamar Hunt, owner of the American Football League franchise in Dallas, Texas, moved the operation to Kansas City. The new team was named the Chiefs. In 1971, the NASDAQ stock-market index debuted. In 1985, “The Dukes of Hazzard” ended its 6-1/2 year run on CBS television.
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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