|
Administration & Benefits |
Employer Contributions Aid in DB Plan Funding Progress |
An analysis from the Society of Actuaries suggests the majority of defined benefit (DB) plan sponsors are making sufficient contributions to help reduce unfunded liabilities.Read more > |
|
Webcast Event |
Fiduciary Focus: Is 401(k) Loan Risk on Your Radar? |
Do plan sponsors have a false sense of security about the fiduciary risks of 401(k) loans? Under ERISA, participant loans must be managed with the same prudence and oversight required of any plan investment. However, according to academic and industry studies, loans default at alarming rates, especially when participants lose their jobs.Read more > |
|
Market Mirror |
Monday, the Dow was up 11.06 points (0.04%) at 26,554.39, the NASDAQ increased 15.46 points (0.19%) to 8,161.85, and the S&P 500 closed 3.15 points (0.11%) higher at 2,943.03. The Russell 2000 gained 6.54 points (0.41%) to finish at 1,598.36, and the Wilshire 5000 climbed 44.44 points (0.15%) to 30,415.56. The price of the 10-year Treasury note was down 7/32, increasing its yield to 2.526%. The price of the 30-year Treasury bond decreased 22/32, bringing its yield up to 2.958%. |
|
Compliance |
Ruling in ERISA Case Lets Adviser Partly off the Hook |
A mixed-bag district court ruling in Colorado closely examines the investment policy statements and contracts which governed the relationship between an advisory firm and a retirement plan committee facing an Employee Retirement Income Security Act (ERISA) lawsuit.Read more > |
Vanderbilt 403(b) Decision Marks Emerging Data Issues for Fiduciaries |
Under the terms of a recently revealed settlement agreement, Vanderbilt 403(b) plan fiduciaries will have to contractually prohibit recordkeepers and other service providers from using plan participant data for the purposes of cross-selling.Read more > |
|
Small Talk |
ON THIS DATE: In 1789, George Washington took office as first elected U.S. president. In 1803, the U.S. purchased the Louisiana Territory from France for $15 million. In 1812, Louisiana was admitted as the 18th U.S. state. In 1900, Hawaii was organized as an official U.S. territory. In 1939, Lou Gehrig played his last game with the New York Yankees. In 1947, the name of Boulder Dam in Nevada, was changed back to Hoover Dam. In 1952, Mr. Potato Head became the first toy to be advertised on network television. In 1993, CERN put the World Wide Web software in the public domain. In 2012, One World Trade Center became the tallest structure in New York when it surpassed the height of the Empire State Building. In 2015, NASA’s Messenger spacecraft crashed into the surface of Mercury. The space probe sent back more than 270,000 pictures to earth. No TRIVIAL PURSUITS this week. |
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 > |