 |
|
|
| Products, Deals and People | |
| Employers looking to switch plan providers can compare the costs of different expenses on up to three major recordkeepers through the new 401(k) cost estimator, released by ForUsAll.Read more > | |
| Retirement Industry People Moves | |
| PSCA establishes HSA committee; Hooker & Holcombe expands retirement services; intellicents adds financial planning services for 401(k) participants; and more.Read more > | |
| Economic Events | |
| THE ECONOMIC WEEK AHEAD: Wednesday, the National Association of Realtors will report about existing home sales for February. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about new home sales for February. Friday, the Census Bureau will report about durable goods orders for February. | |
| Market Mirror | |
Friday, the Dow decreased 19.93 points (0.10%) to 20,914.62, the NASDAQ was virtually unchanged at 5,901.00, and the S&P 500 slipped 3.19 points (0.13%) to 2,378.19. The Russell 2000 was up 5.48 points (0.40%) at 1,391.50, and the Wilshire 5000 was down 16.75 points (0.07%) at 24,761.64. On the NYSE, 3.1 billion shares changed hands, with 3 advancing issues for every declining issue. On the NASDAQ, nearly 3.0 billion shares traded, with 1.4 advancers for every decliner. The price of the 10-year Treasury note increased 10/32, bringing its yield down to 2.503%. The price of the 30-year Treasury bond climbed 24/32, decreasing its yield to 3.112%. WEEK’S WORTH: For the week ending March 17, the Dow was up 0.06%, the NASDAQ gained 0.67%, and the S&P 500 increased 0.24%. The Russell 2000 climbed 1.92%, and the Wilshire 5000 finished 0.48% higher. | |
| Compliance | |
| The Department of Labor (DOL) Employee Benefits Security Administration (EBSA), has announced its compliance assistance program, Getting It Right – Know Your Fiduciary Responsibilities seminar, will be held in Rockville, Maryland on April 20.Read more > | |
| Court Finds Price for ESOP Purchase Overvalued | |
| The court found trustee Wilmington Trust “rushed its evaluation of the ESOP, failed to follow its own policies, and failed to adequately vet [other valuators’] conclusions.”Read more > | |
| Small Talk | |
| ON THIS DATE: In 1760, the great fire of Boston destroyed 349 buildings. In 1816, the U.S. Supreme Court affirmed its right to review state court decisions. In 1854, the Republican Party was organized in Ripon, Wisconsin. About 50 slavery opponents began the new political group. In 1886, the first AC power plant in the U.S. began commercial operation. In 1897, the first U.S. orthodox Jewish Rabbinical seminary was incorporated in New York. In 1922, the USS Langley was commissioned. It was the first aircraft carrier for the U.S. Navy. In 1952, the U.S. Senate ratified a peace treaty with Japan. In 1965, U.S. President Lyndon B. Johnson ordered 4,000 troops to protect the Selma-Montgomery civil rights marchers. In 1980, the U.S. made an appeal to the International Court concerning the American Hostages in Iran. In 1982, U.S. scientists returned from Antarctica with the first land mammal fossils found there. In 1984, the U.S. Senate rejected an amendment to permit spoken prayer in public schools. In 1990, the Los Angeles Lakers retired Kareem Abdul-Jabbar’s #33. In 1999, Bertrand Piccard and Brian Jones became the first men to circumnavigate the Earth in a hot air balloon. The non-stop trip began on March 3 and covered 26,500 miles. In 2002, accounting firm Arthur Andersen pled innocent to charges that it had shredded documents and deleted computer files related to the energy company Enron. In 2003, U.S. and British forces invaded Iraq from Kuwait. | |
| SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Has a lack of sleep affected your work or has work affected your sleep?” The majority (86.7%) of responding readers indicated thinking about work has caused them to lose sleep, while 13.3% said it has not. Only 21.3% of responding readers have called in sick to work to catch up on sleep, and 78.7% have not. Asked in what way lack of sleep has affected their work, 70.7% of respondents said it makes them less productive, and 51.7% reported it takes them longer to complete tasks. Nearly all respondents (91.8%) reported they have had a dream about work, while 8.2% have not. In comments left by responding readers, some offered other reasons for losing sleep besides work. A few shared their work dreams and some said dreams about work revealed answers to problems. Editor’s Choice goes to the reader who said: “In my fairy tale life, I leave the office at 5:00pm, don’t bring any work home, get to bed by 10:00pm, sleep like a log and arrive fresh at work at 8:00am the next day, well rested and ready to go!” Thank you to all who responded to the survey!Read more > | |
| 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 > |
|
|
|
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 |