| | Plan Sponsor of the Year Finalists | | Plan Sponsor of the Year Finalists: 401(k) $50M to $250M | | Each year, the editors of PLANSPONSOR recognize
a number of plan sponsors that demonstrate leadership in providing a more
secure retirement for workers. Today, PLANSPONSOR is pleased to announce the
finalists for the 2015 PLANSPONSOR Plan Sponsor of the Year award in the
Corporate 401(k) $50 Million to $250 Million category.Read more > | | | Market Mirror | | Yesterday,
the Dow ticked up 6.10 points (0.03%) to 17,678.70, the NASDAQ increased 13.88
points (0.29%) to 4,771.76, and the S&P 500 was up 5.27 points (0.26%) at
2,057.09. The Russell 2000 climbed 9.90 points (0.83%) to 1,198.83, and the
Wilshire 5000 closed 97.82 points (0.45%) higher at 21, 685.83.
On the NYSE,
3.2 billion shares traded, with a more than 2 to 1 lead for advancers. On the
NASDAQ, 1.8 billion shares changed hands, with 1.8 advancing issues for every
declining issue.
The price of the 10-year Treasury note was down 9/32,
increasing its yield to 1.825%. The price of the 30-year Treasury bond
decreased 20/32, bringing its yield up to 2.402%.
| | | Compliance | | Council Asks DOL to Reconsider Open MEPs | | In its examination of the outsourcing of
employee benefit plan services with a particular focus on functions that
historically have been handled by employers, such as “named fiduciary”
responsibilities, the 2014 ERISA Advisory Council also looked at multiple
employer plans (MEPs) and their potential role in outsourcing. The Council
formulated several recommendations for the Department of Labor (DOL).Read more > | | President Obama Proposes Retirement Tax Reform | | President Obama’s retirement tax reform plan
would give 30 million additional workers the opportunity to save for retirement
through their employers, but would put a limit on lifetime savings. The president
outlined four key aspects of the retirement tax reform plan.Read more > |
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