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Compliance |
IRS Announces Important Changes to Correction Programs |
An IRS Revenue Procedure expands self-correction methods for certain retirement plan document and retirement plan loan failures and provides a new method of correction by plan amendment.Read more > |
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Market Mirror |
Friday, the Dow decreased 59.34 points (0.22%) to 26,597.05, the NASDAQ closed 18.81 points (0.23%) lower at 8,102.02, and the S&P 500 was down 6.43 points (0.22%) at 2,927.25. The Russell 2000 was up 3.04 points (0.19%) at 1,588.13, and the Wilshire 5000 decreased 53.39 points (0.18%) to 30,247.33. The price of the 10-year Treasury note increased 13/32, bringing its yield down to 2.522%. The price of the 30-year Treasury bond climbed 28/32, decreasing its yield to 2.935%. |
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Investing |
Case Study Shows How to Improve Public DB Investment Allocation Process |
The San Bernardino County Employees’ Retirement Association uses knowledge management and InvestTech to make better-informed portfolio rebalancing decisions.Read more > |
It’s Not Just Millennials and Women Interested in ESG Investing |
Research from Morningstar finds most investors, across ages and genders, have clear preferences for environmental, social and governance (ESG) investment products, but another study suggests education is needed for them to actually invest in line with their beliefs.Read more > |
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Small Talk |
ON THIS DATE: In 1846, the Mexican-American War ignited as a result of disputes over claims to Texas boundaries. In 1859, work began on the Suez Canal in Egypt. In 1901, New York became the first state to require license plates for cars. The fee was $1. In 1945, delegates from about 50 countries met in San Francisco to organize the United Nations. In 1953, Senator Wayne Morse ended the longest speech in U.S. Senate history. The speech on the Offshore Oil Bill lasted 22 hours and 26 minutes. In 1959, St. Lawrence Seaway opened to shipping. The water way connects the Great Lakes and the Atlantic Ocean. In 1983, Soviet leader Yuri V. Andropov invited Samantha Smith to visit his country after receiving a letter in which the U.S. schoolgirl expressed fears about nuclear war. In 1990, the U.S. Hubble Space Telescope was placed into Earth’s orbit. It was released by the space shuttle Discovery. |
SURVEY SAYS: There are several trade publications that report about retirement plan design, investments, administration and compliance. This week, I’d like to know, how much do you use articles in trade publications to inform decisions about your plan? You may respond to this week’s survey by 6 p.m. Pacific time today.Read more > |
Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |