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Insight on Plan Design & Investment Strategy Every Weekday
Some New RMD Rules Creating Confusion for Participants and Beneficiaries
Some New RMD Rules Creating Confusion for Participants and Beneficiaries
Retirement plan sponsors cannot give advice, but they’ll likely get questions about distributions from inherited accounts.
Industry Analysis
What They Need
Plan sponsors might find their workers want better financial benefits, as at least one recent survey suggests.
Most Read
Employers Plan to Cut Back on Benefits Amid Recession Fears
Deals and People
Franklin to Add Retirement AUM With Putnam Acquisition
PPG Agrees to $309M Pension Risk Transfer Deal
Market Mirror
Yesterday, the Dow gained 238.06 points (0.70%) to finish at 34,049.46, the Nasdaq closed 165.56 points (1.29%) higher at 13,004.85, and the S&P 500 increased 24.34 points (0.57%) to 4,296.12. The Russell 2000 was up 13.54 points (0.70%) at 1,954.20, and the Wilshire 5000 climbed 280.87 points (0.66%) to 43,089.59.

The price of the 10-year Treasury note was up 6/32, decreasing its yield to 2.822%. The price of the 30-year Treasury bond climbed 1 2/32, bringing its yield down to 2.884%.
IRS Publishes Additional 403(b) Plan Document Guidance
An information package contains a listing of required modifications and sample language for nearly any provision a plan might include.
Small Talk
ON THIS DATE: In 1514, Copernicus made his first observations of Saturn. In 1952, Patty Berg set a new record for major women’s golf competition when she shot a 64 over 18 holes in a tournament in Richmond, California. In 1954, the Salk polio vaccine field trials, involving 1.8 million children, began at the Franklin Sherman Elementary School in McLean, Virginia. In 1986, the world’s worst nuclear power plant accident occurred at the Chernobyl nuclear power station in the Soviet Union.
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