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| Sponsored message from Ayco |
| Are your benefit plans inclusive? |
| Employer considerations for the LGBTQ community.Read more > |
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| Market Mirror |
Wednesday, the Dow gained 240.29 points (0.93%) to finish at 26,202.73, the NASDAQ closed 71.65 points (0.90%) higher at 8,020.21, and the S&P 500 increased 23.92 points (0.82%) to 2,924.43. The Russell 2000 was up 11.84 points (0.79%) at 1,509.85, and the Wilshire 5000 climbed 245.28 points (0.83%) to 29,961.03. The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.586%. The price of the 30-year Treasury bond decreased 7/32, bringing its yield up to 2.067%. |
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| PLANADVISER National Conference |
| SEC at PANC |
| Roberta Ufford with the Securities and Exchange Commission’s (SEC)’s Division of Investment Management will join us at the 2019 PLANADVISER National Conference to discuss the Regulation Best Interest (Reg BI) and other rules and guidance issued alongside Reg BI, including an interpretation relating to the duties of advisers under the Advisers Act, and how the new rules and guidance may affects rollovers and rollover related advice.Read more > |
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| Compliance |
| DOL to Host Webcast About HRAs |
| The Department of Labor (DOL) and the IRS will discuss the benefits of offering expanded options provided by new health reimbursement arrangements (HRAs) and more.Read more > |
| Court Says Participant Misunderstood Valuation for ESOP Purchase |
| A federal district court judge found that since shares for the ESOP were purchased with borrowed funds, the subsequent lower valuation of the stock was an immediate equitable benefit to participants.Read more > |
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| Small Talk |
| ON THIS DATE: In 1762, Ann Franklin became the editor of the Mercury of Newport in Rhode Island. She was the first female editor of an American newspaper. In 1775, the American colonies were proclaimed to be in a state of open rebellion by England’s King George III. In 1846, the U.S. annexed New Mexico. In 1902, in Hartford, Connecticut, President Theodore Roosevelt became the first U.S. president to ride in an automobile. In 1906, the Victor Talking Machine Company of Camden, NJ began to manufacture the Victrola. The hand-cranked unit, with horn cabinet, sold for $200. In 1932, the BBC (British Broadcasting Corporation) began its first TV broadcast in England. In 1950, Althea Gibson became the first black tennis player to be accepted into a national competition. In 1984, the last Volkswagen Rabbit rolled off the assembly line in New Stanton, Pennsylvania. In 1989, Nolan Ryan became the first major league pitcher to strike out 5000 batters. In 1996, President Bill Clinton signed legislation that ended guaranteed cash payments to the poor and demanded work from recipients. |
| SURVEY SAYS: After turning on my laptop, the first thing I do when I start my work day is read the numerous emails that have already come in. But, that wasn’t the case at other jobs I’ve held. This week, I’d like to know, besides turning on your computer, what is the first thing you do when you get to work? You may respond to the 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 > |
