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Sponsored message from Capital Group |
Your employees go above and beyond. |
Learn how you can give your employees the 401(k) they deserve with a target date retirement series.Read more > |
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Economic Events |
The Producer Price Index for final demand rose 0.1% in May, as prices for final demand services increased 0.3%, and the index for final demand goods declined 0.2%, according to the Bureau of Labor Statistics. The final demand index increased 1.8% for the 12 months ended in May. |
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Market Mirror |
Tuesday, the Dow was down 14.17 points (0.05%) at 26,048.51, the NASDAQ was virtually unchanged at 7,822.57, and the S&P 500 slipped 1.01 points (0.03%) to 2,885.72. The Russell 2000 closed 4.45 points (0.29%) lower, and the Wilshire 5000 decreased 24.17 points (0.08%) to 29,674.53. The price of the 10-year Treasury note was virtually unchanged, with its yield at 2.142%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 2.619%. |
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Compliance |
PSNC 2019: Understanding 3(16) and 3(38) Fiduciary Outsourcing |
Good candidates for outsourcing include plan sponsors who want to spend more time focused on plan design innovation and tracking outcomes of investment management and administrative oversight.Read more > |
PSNC 2019: The Lessons From Litigation |
Retirement plan sponsors can learn best practices from looking at the claims filed against their peers and the outcomes of these lawsuits.Read more > |
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Sponsored message from PIMCO |
2019 PIMCO Defined Contribution Consulting Study |
Providing retirement income potential, evaluating TDFs and plan costs, and simplifying investment menus are key. Read more > |
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Small Talk |
ON THIS DATE: In 1838, the Iowa Territory was organized. In 1849, Lewis Haslett patented a gas mask. In 1897, Carl Elsener patented his penknife. The object later became known as the Swiss army knife. In 1918, the first airplane bombing raid by an American unit occurred on World War I’s Western Front in France. In 1939, the National Baseball Hall of Fame and Museum was dedicated in Cooperstown, New York. In 1948, Ben Hogan won his first U.S. Open golf classic. In 1963, civil rights leader Medgar Evers was fatally shot in front of his home in Jackson, Mississippi. In 1967, state laws which prohibited interracial marriages were ruled unconstitutional by the U.S. Supreme Court. In 1985, Wayne “The Great One” Gretsky was named winner of the NHL’s Hart Trophy. The award is given to the league’s Most Valuable Player. In 1987, President Ronald Reagan publicly challenged Mikhail Gorbachev to tear down the Berlin Wall. In 1991, the Chicago Bulls won their first NBA championship. The Bulls beat the Los Angeles Lakers four games to one. In 1997, the Treasury Department unveiled a new $50 bill meant to be more counterfeit-resistant. In 2009, in the U.S., the switch from analog TV transmission to digital was completed. WEDNESDAY WISDOM: “Worry never robs tomorrow of its sorrow, it only saps today of its joy.”—Leo Buscaglia, American author and motivational speaker |
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 > |