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| Products, Deals and People |
| Prudential Retirement Offers New Skill for Amazon Alexa |
| Retirement plan participants can now ask Alexa for retirement account information they commonly get through participant websites.Read more > |
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| Economic Events |
| New orders for manufactured durable goods in February increased $7.4 billion or 3.1% to $247.7 billion, the U.S. Census Bureau announced. This increase, up three of the last four months, followed a 3.5% January decrease. Excluding transportation, new orders increased 1.2%. Excluding defense, new orders increased 2.5%. Transportation equipment, also up three of the last four months, led the increase, $5.5 billion or 7.1% to $83.5 billion. |
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| Sponsored message from Vanguard |
Snapshots of TDF performance miss the big picture
When evaluating TDF performance, use a holistic approach to look beyond a single point in time.Read more > |
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| Market Mirror |
Wednesday, the Dow was up 230.94 points (0.96%) at 24,264.30, the NASDAQ climbed 100.83 points (1.45%) to 7,042.11, and the S&P 500 closed 30.24 points (1.16%) higher at 2,644.69. The Russell 2000 gained 19.51 points (1.29%) to finish at 1,531.66, and the Wilshire 5000 increased 303.65 points (1.12%) to 27,420.69. The price of the 10-year Treasury note was down 6/32, increasing its yield to 2.801%. The price of the 30-year Treasury bond decreased 16/32, bringing its yield up to 3.040%. |
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| Compliance |
| Most Claims Dismissed in Case About TIAA Loan Processes |
| A federal district court judge agreed that TIAA is not a fiduciary with respect to the design of its participant loan program or its negotiations about fees with Washington University.Read more > |
| ERISA Advisory Council Offers Recommendations for Simplifying Mandated Disclosures |
| For example, the Council proposes to develop an alternative means of compliance by which the introductory portion of the summary plan description (SPD)–referred to as the “Quick Reference Guide”–would be delivered annually to participants automatically, and the entire SPD or any full part of the SPD would be made available upon request.Read more > |
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| Industry Voices |
| Separate Myth From Reality When Considering Passive Target-Date Funds |
| Passive target-date funds (TDFs) are not always the safer fiduciary choice and not always the better choice for defined contribution (DC) plan investors.Read more > |
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| Small Talk |
| ON THIS DATE: In 1792, President George Washington cast the first presidential veto. The measure was for apportioning representatives among the states. In 1933, the first operation to remove a lung was performed at Barnes Hospital in St. Louis, Missouri. In 1951, Americans Julius and Ethel Rosenberg were sentenced to death for committing espionage for the Soviet Union. In 1984, Kareem Abdul-Jabbar (Los Angeles Lakers) became the all-time NBA regular season scoring leader when he broke Wilt Chamberlain’s record of 31,419 career points. |
| SURVEY SAYS: We covered a survey which found emotional reactions are common in the workplace. This week, I’d like to know have you cried or expressed anger at your workplace? 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 > |
