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| Plan Sponsors Can Help With Retirement Income Strategies |
| An analysis of defined contribution participant distribution behavior supports the use of “through” target-date funds and the approval of partial distributions from DC plans.Read more > |
| TDFs Have Helped Many Ride Out Tough Markets |
| An analysis of defined contribution participant distribution behavior supports the use of “through” target-date funds and the approval of partial distributions from DC plans.Read more > |
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| Sponsored message from Prudential |
| Reducing Pension Risk: The Five Myths Holding Back Plan Sponsors
Are the Five Myths Preventing You From Reducing Your Pension Risk?
Read more > |
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| Market Mirror |
Wednesday, the Dow lost 77.46 points (90.43%) to finish at 17,959.64, the NASDAQ closed 48.01 points (0.93%) lower at 5,105.57, and the S&P 500 was down 13.78 points (0.65%) at 2,097.94. The Russell 2000 decreased 15.51 points (1.32%) to 1,162.52, and the Wilshire 5000 fell 194.37 points (0.89%) to 21,719.11.
On the NYSE, 3.1 billion shares traded, with declining issues outnumbering advancing issues more than 3 to 1. On the NASDAQ, 2.9 billion shares changed hands, with a near 3 to1 lead for decliners.
The price of the 10-year Treasury note was up 8/32, decreasing its yield to 1.801%. The price of the 30-year Treasury note increased, 9/32, bringing its yield down to 2.567%.
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| Compliance |
| Fiduciaries Failed to Follow Plan Document for ESOP Termination |
| The U.S. Department of Labor (DOL) has secured a judgment against San Francisco-based California Pacific Bank and four individual fiduciaries, requiring them to pay $866,840 in retirement benefits, plus interest, to employees who participated in the company’s stock ownership benefits plan.Read more > |
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| Investing |
| Asset Manager Challenges Could Affect Retirement Plan Investing |
| A convergence of factors is expected to lead asset managers to innovate products and services.Read more > |
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| Small Talk |
| ON THIS DATE: In 1507, Leonardo DaVinci was commissioned by the husband of Lisa Gherardini to paint her. The work is known as the Mona Lisa. In 1631, the Reverend John Eliot arrived in the Massachusetts Bay Colony. He was the first Protestant minister to dedicate himself to the conversion of Native Americans to Christianity. In 1796, John Adams was elected the 2nd U.S. President. In 1911, Chevrolet Motor Car Company was founded by Louis Chevrolet and William C. Durant. In 1957, Sputnik II was launched by the Soviet Union. It was the second manmade satellite to be put into orbit and was the first to put an animal into space—a dog named Laika. In 1973, the U.S. launched the Mariner 10 spacecraft, which became the first spacecraft to reach the planet Mercury. In 1975, “Good Morning America” premiered on ABC-TV. In 1992, Carol Moseley-Braun became the first African-American woman U.S. senator. In 1998, Minnesota elected Jesse “The Body” Ventura, a former pro wrestler, as its governor. In 2014, in New York City, One World Trade Center opened for business. |
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| SURVEY SAYS: We recently covered research that explored the factors that contribute to employees being happy at work. This week, I’d like to know, are you happy at work, and which factors contribute to you being happy at work? Of course, responses are always anonymous. You may respond to this survey by 6 p.m. Pacific time today.Read more > |
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| Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more > |
