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| Plan Sponsors Can Help Clear Investing Fog | |
| Investing in general and target-date funds (TDFs) in particular continue to confound retirement plan participants, according to new research by AllianceBernstein.Read more > | |
| Products, Deals and People | |
| Another TPA Adds VMS Recordkeeping Platform | |
| United Retirement Plan Consultants has partnered with Vertical Management Systems, a data and tech provider, to provide complete recordkeeping solutions through the VMS Retirement Revolution platform.Read more > | |
| Sponsored message from Russell Investments | |
| Going passive is still an active decision Are you meeting your fiduciary duty by offering a passive line-up to your DC plan participants? This paper provides an overview of several Items to consider when selecting and monitoring plan investments.Read more > | |
| Economic Events | |
Total nonfarm payroll employment increased by 211,000 in November, and the unemployment rate was unchanged at 5%, the Bureau of Labor Statistics reported. Job gains occurred in construction, professional and technical services, and health care. Mining and information lost jobs. THE ECONOMIC WEEK AHEAD: Wednesday, the Census Bureau will report about wholesale inventories for October. Thursday, the Labor Department will issue its initial claims report. Friday, the Bureau of Labor Statistics will reveal the producer price index, and the Census Bureau will report about retail sales for November and business inventories for October. | |
| Market Mirror | |
Friday, the Dow climbed 369.96 points (2.12%) to 17,847.63, the NASDAQ closed 104.74 points (2.08%) higher at 5,142.27, and the S&P 500 increased 42.07 points (2.05%) to 2,091.69. The Russell 2000 was up 12.83 points (1.10%) at 1,183.39, and the Wilshire 5000 gained 404.41 points (1.92%) to finish at 21,501.74. On the NYSE, 3.1 billion shares traded, and on the NASDAQ, 2.7 billion shares changed hands, with advancing issues outnumbering declining issues nearly 2 to 1 on both exchanges. The yield of the 10-year Treasury note was 2.274%. The yield of the 30-year Treasury bond was 3.012%. WEEK’S WORTH: For the week ending December 4, the Dow increased 0.28%, the NASDAQ finished 0.29% higher, and the S&P 500 was up 0.08%. The Russell 2000 fell 1.58%, and the Wilshire 5000 lost 1.19%. | |
| From the Magazine | |
| DC Plan Q&A: The Missing and Terminated | |
| At times, employers can find it impossible to contact retirement plan participants who remain part of the plan but no longer work for the employer. Lisa H. Barton, a partner in the employee benefits and executive compensation practice at Morgan Lewis, answers questions about the terminated and missing.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1787, Delaware became the first state to ratify the U.S. constitution becoming the first of the United States. In 1796, John Adams was elected to be the second president of the United States. In 1836, Martin Van Buren was elected the eighth president of the United States. In 1941, Pearl Harbor, located on the Hawaiian island of Oahu was attacked by nearly 200 Japanese warplanes. The attack resulted in the U.S. entering into World War II. In 1972, Apollo 17 was launched at Cape Canaveral. It was the last U.S. moon mission. In 1982, Charlie Brooks Junior, a convicted murderer, was the first prisoner in the U.S. to be executed by injection, at a prison in Huntsville, Texas. | |
| SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “If you saw change (not dollars) on the street, sidewalk, etc., how much would it have to be for you to pick it up?” The majority (64.3%) would pick up even a penny, while for 16.3% it would have to be more than a penny, but less than a quarter. A little more than 9% would pick up no less than a quarter, and 2% would pick up no less than one dollar in change. For 3.1%, the change would have to amount to more than one dollar. Slightly more than 5% said they wouldn’t pick up any change. Many respondents explained that superstition—see a penny, pick it up, and all the day you’ll have good luck—or a cliché—a penny saved is a penny earned—is the reason they will pick up even a penny. Some had conditions—only if it’s heads up. And there were other conditions, with readers citing cleanliness, how crowded the street was and who would see them, among other things. Editor’s Choice goes to the reader who said: “I just asked my wife last night: ‘If I purposely dropped a penny on the ground so that someone else could find it, would it be considered littering, charity, or recycling (returning the metals to the earth)?’”Read more > | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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