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Insight on Plan Design & Investment Strategy Every Weekday
Plan Sponsors Have Multiple Options for Creating Income Streams for Participants
Plan Sponsors Have Multiple Options for Creating Income Streams for Participants
Annuities should be considered, and the type to offer in a DC plan depends on several factors.
DB Funded Status Held Up Fairly Well, Considering…
Though down for the year, DB plan sponsors have seen upticks in funded status for three straight months, and sources make suggestions for continuing to hold on.
Most Read
New Retirement Bill Amending ERISA Introduced in Congress
Pensions Will Recoup Losses From Allianz Structured Alpha Investments
Deals and People
Retirement Industry People Moves
Market Mirror
Tuesday, the Dow closed 27.88 points (0.10%) lower at 27,881.72, the NASDAQ was down 5.64 points (0.07%) at 8,616.18, and the S&P 500 decreased 3.44 points (0.11%) to 3,132.52. The Russell 2000 was up 2.10 points (0.13%) at 1,631.71, and the Wilshire 5000 finished 27.25 points (0.09%) lower at 31,921.95.

The prices of the 10-year Treasury note and the 30-year Treasury bond were each down 2/32, increasing their yields to 1.839% and 2.266%, respectively.
Officials Issue New Items for DB Plan Sponsors
The PBGC has issued a final rule regarding pension plans undergoing distress or involuntary termination, and the OSFI has released a form for contribution schedule reporting.
Ask the Experts
Defining ‘Severance of Employment’ for 457(b) Plan Distributions
“I recently read your Ask the Experts column on the definition of ‘severance from employment’ for 403(b) and 401(a)/(k) plans. But what about 457(b) plans? Is the definition the same or different?”
Small Talk
Workers report experiencing or witnessing differential treatment over political views, political affiliation bias, or political disagreements in the workplace.
ON THIS DATE: In 1719, the first recorded sighting of the aurora borealis took place in New England. In 1769, Edward Beran of London patented venetian blinds. In 1816, Indiana was admitted to the Union as the 19th American state. In 1872, Pinckney Benton Stewart Pinchback became America’s first black governor when he took office as acting governor of Louisiana. In 1930, the Bank of the United States in New York failed. In 1941, Germany and Italy declared war on the United States. The U.S in turn declared war on the two countries. In 1946, the United Nations International Children’s Emergency Fund (UNICEF) was established by the U.N. General Assembly. The fund provides relief to children in countries devastated by war. In 1951, Joe DiMaggio (New York Yankees) announced his retirement from major league baseball. In 1981, Muhammad Ali fought his last fight. In 1985, General Electric Company agreed to buy RCA Corporation for $6.3 billion. Also included in the deal was NBC Radio and Television. In 1998, scientists announced that they had deciphered the entire genetic blueprint of a tiny worm. In 1998, Majority Republicans on the House Judiciary Committee pushed through three articles of impeachment against President Bill Clinton. In 2001, U.S. Attorney General John Ashcroft announced the first federal indictment directly related to the terrorist attacks on the United States on September 11, 2001. Zacarias Moussaoui was charged with six conspiracy charges. Moussaoui was in custody at the time of the attacks.
WEDNESDAY WISDOM: “The question isn’t who is going to let me; it’s who is going to stop me.”—Ayn Rand, Russian-American writer and philosopher
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