 |
|
|
|
| Market Mirror | |
Friday, the Dow closed 58.69 points (0.33%) higher at 17,958.79, the NASDAQ was up 11.32 points (0.24%) at 4,780.76, and the S&P 500 ticked up 3.45 points (0.17%) to 2,075.37. The Russell 2000 climbed 9.42 points (0.80%) to 1,182.43, and the Wilshire 5000 increased 42.04 points (0.19%) to 21,775.24. On the NYSE, 3.3 billion shares traded, with a slight lead for advancers. On the NASDAQ, 2.8 billion shares changed hands, with advancing issues outnumbering declining issues nearly 2 to 1. The yields for the 10-year Treasury note and 30-year Treasury bond were 2.307% and 2.968%, respectively. WEEK’S WORTH: For the week ending December 5, the Dow gained 0.73%, the NASDAQ fell 0.23%, and the S&P 500 closed 0.38% higher. The Russell 2000 climbed 0.78%, and the Wilshire 5000 was up 0.20%. | |
| Compliance | |
| DOL Wants Feedback About Provider Fee Disclosures | |
| The Department of Labor wants to request new industry input and form focus groups about the effectiveness of retirement plan service provider fee disclosure requirements. The DOL says a new information collection effort is needed to explore current practices and effects of a final regulation published in the Federal Register on February 3, 2012, which implemented ERISA Section 408(b)(2), and to gather information about the need for a guide, summary, or similar tool to help a responsible plan fiduciary navigate through and understand the disclosures.Read more > | |
| RadioShack Facing 401(k) Stock Drop Lawsuit | |
| An Employee Retirement Income Security Act (ERISA) lawsuit has been filed on behalf of participants of the RadioShack 401(k) Plan and the RadioShack Puerto Rico 1165(e) Plan of RadioShack Corporation. The suit alleges fiduciaries of RadioShack’s 401(k) plans violated ERISA by failing to disclose the company’s true financial and operating condition to participants and beneficiaries of the plans and/or by offering RadioShack stock as an investment option under the plans when it was not prudent to do so. The complaint uses information from the Supreme Court’s decision in Fifth Third Bankcorp. V. Dudenhoeffer in making its arguments.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1863, President Abraham Lincoln offered his conciliatory plan for reunification of the United States with his Proclamation of Amnesty and Reconstruction. In 1941, President Franklin Roosevelt requested from Congress, and received, a declaration of war against Japan. In 1952, on the show “I Love Lucy,” a pregnancy was acknowledged in a TV show for the first time. In 1980, John Lennon, a former member of the Beatles, was shot and killed in New York City. In 1997, the second largest bank was created with the announcement that Union Bank Switzerland and the Swiss Bank Corporation would merge. The combined assets were more than $590 billion. | |
| SURVEY SAYS: First Car Memories | |
| A recent ON THIS DATE item had me reminiscing about my first car—an AMC Pacer just like in the movie “Wayne’s World” minus the flames. Last week, I asked NewsDash readers to share their first car memories. Most (52.5%) of responding readers reported they got their first car when they were in high school, and more than 43% of respondents paid for their first car themselves. Nearly one-quarter (24.2%) of responding readers reported their first car was a Ford. Chevrolets were the second most common first cars (19.2%). I really enjoyed reading readers’ first car memories and general comments. Thanks for the sympathy on the Pacer: “Ugly as my first car was, my sympathies on the Pacer. A ‘pregnant roller skate’ is how I remember that being described…and an apt description…” (I called mine “the bubble.”) However, I loved my first car despite its looks and problems, as did many of the readers who shared memories. And, you can almost feel the sense of freedom a first car gives from readers’ comments. Many tell of the rust they dealt with and how remarkably much oil cars seemed to use back in the day, while others were the lucky ones who had “cool” cars and “date magnets.” There were many humorous stories. Editor’s Choice goes to the reader who shared: “Nothing makes a guy cooler than a hand-me-down SKY BLUE Toyota Corolla. As I think about it I can still hear the sweet rumbling purr of the broken exhaust and feel the sweaty joy of driving with the heat on in the summer to keep the engine from over-heating.” Much thanks to all who participated in the survey!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 > | |
News from PLANSPONSOR.com
Copyright © Asset International, Inc., 2014.
All
rights reserved. No reproduction without
prior authorization.
|
|
|
|
Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
Advertising: advertise@strategic-i.com
Subscribe to NEWSDash, click here .
To unsubscribe, click here.
|
BrightScope /
CIO /
FWW /
Investor Economics /
LiquidMetrix /
Market Metrics /
Matrix Solutions /
PLANADVISER /
Plan For Life /
PLANSPONSOR /
Simfund |