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Sponsored message from FRA Events |
Taft-Hartley Benefits Summit 2019 |
What are the best pension strategies for managing risk? Read more > |
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Products, Deals and People |
Risk International Offers to Share Fiduciary Responsibility for Health and Welfare Benefits |
“Our services have always met a fiduciary standard in principle and have enabled us to drive significant year-over-year savings for our clients, with an average savings of $1,650 per employee in 2018,” says Eric Krieg, president of Risk International’s Employee Benefits Advisory division.Read more > |
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Market Mirror |
Tuesday, the Dow gained 256.10 points (1.09%) to finish at 23,787.45, the NASDAQ closed 73.53 points (1.08%) higher at 6,897.00, and the S&P 500 increased 24.72 points (0.97%) to 2,574.41. The Russell 2000 was up 21.19 points (1.51%) at 1,426.55, and the Wilshire 5000 climbed 282.45 points (1.07%) to 26,613.83. The price of the 10-year Treasury note was down 9/32, increasing its yield to 2.729%. The price of the 30-year Treasury bond decreased 13/32, bringing its yield up to 3.009%. |
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Industry Voices |
Winning by Default |
George White, from Custodia Financial, discusses how the IRS’ new distribution code for retirement plan loan defaults could help inform the retirement industry.Read more > |
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Ask the Experts |
Relief for Excluding Employees From 403(b) Plans |
“I read that the IRS provided some relief to plan sponsors who erroneously excluded part-timers from the right to make elective deferrals to their 403(b) plans. Was there other relief offered for plan sponsors who may have excluded employees other than part-timers from the right to make elective deferrals?”Read more > |
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Investing |
Many Foundations and Endowments Underestimate Investment Risk |
Despite investing towards return goals in the 5% to 8% range, many endowments and foundations surveyed by CAPTRUST say they are unwilling or unable to withstand significant volatility.Read more > |
401(k) Participants Made Opposing Trades in 2018 |
High trading activity days were concentrated around the beginning and end of the year—with trades moving in similar volumes in opposite directions.Read more > |
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Small Talk |
ON THIS DATE: In 1793, Jean-Pierre Blanchard made the first successful balloon flight in the U.S. In 1788, Connecticut became the 5th state to join the United States. In 1861, the state of Mississippi seceded from the United States. In 1951, the United Nations headquarters officially opened in New York City. In 1995, Russian cosmonaut Valeri Poliakov, 51, completed his 366th day in outer space aboard the Mir space station, breaking the record for the longest continuous time spent in outer space. In 2002, the U.S. Justice Department announced that it was pursuing a criminal investigation of Enron Corp. The company had filed for bankruptcy on December 2, 2001. In 2006, Matthew Broderick and Nathan Lane received stars on the Hollywood Walk of Fame. In 2007, Steve Jobs, Apple Inc.’s CEO, announced the first generation iPhone. WEDNESDAY WISDOM: “The opportunity is often lost by deliberating.”—Publilius Syrus, Latin writer |
Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |