| | Sponsored message from Capital Group | | Your employees go above and beyond. | | Learn how you can give them the 401(k) they deserve with the target date series from Capital Group, home of American Funds.Read more > | | | Market Mirror | Wednesday, the Dow fell 333.75 points (1.23%) to finish at 26,864.27, the NASDAQ closed 98.20 points (1.19%) lower at 8,175.42, and the S&P 500 decreased 32.80 points (1.09%) to 2,980.38. The Russell 2000 was down 10.99 points (0.69%) at 1,574.61, and the Wilshire 5000 lost 320.60 points (1.03%) to finish at 30,684.75. The price of the 10-year Treasury note increased 26/32, bringing its yield down to 2.010%. The price of the 30-year Treasury bond climbed 1 3/32, decreasing its yield to 2.522%. | | | Compliance | | SEI Investments Agrees to Settle ERISA Self-Dealing Suit | | In addition to a $6.8 million payment, defendants in the lawsuit agreed to certain procedures for plan management, including that the plan committee will be trained on Employee Retirement Income Security Act (ERISA) fiduciary duties.Read more > | | | Investing | | An Investing Strategy to Improve Church and Public DB Plan Funding | | Currently church and public defined benefit (DB) plans focus more on returns, and their funded status is lower than for corporate plans, River & Mercantile notes in a report.Read more > | | | Small Talk | | ON THIS DATE: In 1774, oxygen was isolated from air successfully by chemist Carl Wilhelm and scientist Joseph Priestly. In 1790, the first U.S. census was completed with a total population of 3,929,214 recorded. The areas included were the present states of Connecticut, Delaware, Georgia, Kentucky, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, North Carolina, South Carolina, Tennessee, Vermont and Virginia. In 1876, Colorado became the 38th state to join the United States. In 1893, shredded wheat was patented by Henry Perky and William Ford. In 1907, the U.S. Army established an aeronautical division that later became the U.S. Air Force. In 1943, in the Solomon Islands, the U.S. Navy patrol torpedo boat PT-109 sank after being hit by the Japanese destroyer Amagiri. The boat was under the command of Lt. John F. Kennedy. Eleven of the thirteen crew survived. In 1944, in Warsaw, Poland, an uprising against Nazi occupation began. The revolt continued until October 2 when Polish forces surrendered. In 1946, the Atomic Energy Commission was established. In 1956, the Social Security Act was amended to provide benefits to disabled workers ages 50 to 64 and disabled adult children. In 1993, Reggie Jackson was admitted into the Baseball Hall of Fame in Cooperstown, New York. In 1995, Westinghouse Electric Corporation announced a deal to buy CBS for $5.4 billion. | | SURVEY SAYS: There are some who think Social Security will no longer be an option when they retire, some who think it will exist but benefits will be smaller, and even some who think the system will be saved and pay as it does today. This week, I’d like to know, do you think Social Security benefits will be available when you retire? 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 > |
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