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| Products, Deals and People |
| Securian Introduces Retirement Plan for Small Employers |
| While ReadyPlan is designed for small employers, Securian’s new ERISA 3(16) fiduciary service is available to employers of all sizes utilizing any of Securian’s retirement plan products, including defined benefit (DB) plans.Read more > |
| TIAA Creates Mobile App for Plan Sponsors |
| “With plan sponsors taking on more responsibility than ever before, we want to provide them with the digital tools they need to be attentive and responsive regardless of whether they are at their desks or having hallway conversations with participants,” says Doug Chittenden, executive vice president and president of Institutional Retirement at TIAA.Read more > |
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| Sponsored message from Vanguard |
Snapshots of TDF performance miss the big picture
When evaluating TDF performance, use a holistic approach to look beyond a single point in time.Read more > |
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| Market Mirror |
Yesterday, the Dow closed 68.24 points (0.27%) higher at 24,899.41, the NASDAQ increased 8.43 points (0.11%) to 7,411.32, and the S&P 500 was up 2.41 points (0.09%) at 2,730.13. The Russell 2000 closed 6.45 points (0.40%) lower at 1,600.34, and the Wilshire 5000 was up 8.65 points (0.03%) at 28,362.03. The price of the 10-year Treasury note was down 8/32, increasing its yield to 3.00%. The price of the 30-year Treasury bond decreased 15/32, bringing its yield up to 3.131%. |
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| Compliance |
| Court Orders Former Lighting Company Owner to Pay Back Profit Sharing Plan |
| An investigation conducted by the DOL found the past trustee had issued checks from the plan’s checking account to the House of Lights, himself and others for $1,308,862, which violated ERISA, for over two years.Read more > |
| Settlement Reached in Excessive Fee Suit One Day After Lawsuit Is Filed |
| Philips North America agreed to pay $17,000,000 to settle a 401(k) excessive fee suit one day after the complaint was filed.Read more > |
| IRS Announces 2019 HSA Contribution Limits |
| For an individual with family coverage, the 2019 health savings account (HSA) contribution limit is $7,000, up from the recently reset $6,900 limit for 2018.Read more > |
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| Small Talk |
| ON THIS DATE: In 1862, Congress created the U.S. Department of Agriculture. In 1911, the U.S. Supreme Court ordered the dissolution of Standard Oil Company, ruling it was in violation of the Sherman Antitrust Act. In 1918, regular airmail service between New York City, Philadelphia and Washington, D.C., began under the direction of the Post Office Department. In 1926, the New York Rangers were officially granted a franchise in the NHL. The NHL also announced that Chicago and Detroit would be joining the league in November. In 1930, Ellen Church became the first female flight attendant. In 1970, President Richard Nixon appointed America’s first two female generals. In 2014, the National September 11 Memorial Museum was dedicated in New York City. |
| TRIVIAL PURSUITS: What is the difference between Miracle Whip and mayonnaise?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 > |
