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| Special Report |
| PLANSPONSOR National Conference Live Polling Results |
| A special report that outlines the answers to the live polling questions asked during the 2016 PLANSPONSOR National Conference provides significant insight into the views and opinions of the attendees.Read more > |
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| Products, Deals and People |
| Vertical Management Systems (VMS) announced a new partnership with Mid Atlantic Trust Company, allowing VMS clients new access to Mid Atlantic’s supermarket of mutual funds, exchange-traded funds (ETFs), and tools such as ModelxChange.Read more > |
| Program Offers Integrated 401(k) and HSA Deferral Recommendations |
| Perspective Partners describes its NestUp Managed Deferrals program as the “first and only program that educates employees, offers them personalized 401(k) and HSA deferral recommendations, and implements their choices with just two clicks.”Read more > |
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| Market Mirror |
Yesterday, the Dow gained 107.59 points (0.58%) to finish at 18,502.99, the NASDAQ closed 13.41 points (0.26%) higher at 5,232.33, and the S&P 500 increased 11.34 points (0.52%) to 2,180.38. The Russell 2000 was up 8.17 points (0.66%) at 1,244.94, and the Wilshire 5000 climbed 118.87 points (0.53%) to 22,657.02.
On the NYSE, 3.1 billion shares traded, with a more than 2 to 1 lead for advancers. On the NASDAQ, 2.9 billion shares changed hands, with 1.7 advancing issues for every declining issue.
The price of the 10-year Treasury note increased 21/32, bringing its yield down to 1.563%. The price of the 30-year Treasury bond climbed 1 22/32, decreasing its yield to 2.212%. |
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| Compliance |
| Safeway Faces Lawsuit Over TDF Fees |
| A participant in Safeway Inc.’s 401(k) plan is suing the plan sponsor, its benefits committee and its recordkeeper for breaching their fiduciary duties and/or engaging in transactions prohibited by the Employee Retirement Income Security Act (ERISA) in connection with target-date funds (TDFs) managed by JP Morgan Asset Management and offered as investment options in the plan.Read more > |
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| Investing |
| Plan Sponsor Demand Dramatically Shapes Fund Fees |
| Institutional asset owners are increasingly skeptical of revenue sharing and are relentlessly pursuing lower fees within defined contribution plan investment menus, according to Strategic Insight, an Asset International company.Read more > |
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| Small Talk |
| ON THIS DATE: In 1645, American Indians and the Dutch made a peace treaty at New Amsterdam, later known as New York. In 1682, William Penn sailed from England and later established the colony of Pennsylvania in America. In 1862, the Confederates defeated Union forces at the second Battle of Bull Run in Manassas, Virginia. In 1945, General Douglas MacArthur set up Allied occupation headquarters in Japan. In 1967, Thurgood Marshall was confirmed by the U.S. Senate as a Supreme Court justice. Marshall was the first black justice to sit on the Supreme Court. In 1984, U.S. President Ronald Reagan, and several other people, were inducted into the Sportscasters Hall of Fame. In 1993, on CBS-TV “The Late Show with David Letterman” premiered. In 1994, the largest U.S. defense contractor was created when the Lockheed and Martin Marietta corporations agreed to a merger. In 2002, Conoco Inc. and Phillips Petroleum merged to create ConocoPhillips. The new company was the third largest integrated energy company and the second largest refining company in the U.S. |
| TRIVIAL PURSUITS: What is the official motto of the U.S. Postal Service?Read more > |
| Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more > |
