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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 > | |
| Products, Deals and People | |
| ERISApedia Introduces 457 Plan eSource | |
| “This title lays out the benefits of 457(b) plans and their pitfalls, and provides a convenient tool to research questions that will arise in plan design or administration,” say author S. Derrin Watson, J.D.Read more > | |
| Market Mirror | |
Tuesday, the Dow gained 207.06 points (0.82%) to finish at 25,532.05, the NASDAQ closed 87.47 points (1.14%) higher at 7,734.49, and the S&P 500 increased 22.54 points (0.805) to 2,834.41. The Russell 2000 was up 20.06 points (1.32%) at 1,543.06, and the Wilshire 5000 climbed 258.48 points (0.89%) to 29,299.88. The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.416%. The price of the 30-year Treasury bond decreased 8/32, bringing its yield up to 2.851%. | |
| Compliance | |
| Retirement Industry Witnesses Press Senators for Action on RESA | |
| On the same day as the introduction of the new Retirement Security and Savings Act, the Senate Finance Committee heard from retirement industry witnesses about the need to pass numerous federal retirement reforms.Read more > | |
| Ask the Experts | |
| What Is an Equity Indexed Annuity? | |
| “I recently found out that the 403(b) plan our firm sponsors contains something called an ‘equity indexed annuity.’ Can you explain to me exactly what that is, as I have never heard of the term before?”Read more > | |
| Investing | |
| Institutional Plan Returns Rebound in Q1 2019 | |
| According to Northern Trust, Corporate Employee Retirement Income Security Act (ERISA) pension plans had the best first quarter on a relative basis, while the Wilshire Trust Universe Comparison Service shows Taft Hartley defined benefit (DB) plans, which had the largest allocation to U.S. equities, posted the highest Q1 gain.Read more > | |
| Small Talk | |
| Every year, the Social Security Administration (SSA) is the authority on the most popular baby names from the prior year based on requests for Social Security numbers for newborns. The agency revealed the top name for boys in 2018 was Liam, and the top name for girls was Emma. Coming in at number 10 are Logan and Evelyn, dropping down five spots and one spot in comparison to the 2017 list, respectively. At number nine, Mason dropped from its number seven spot in 2017, and this is Harper’s highest spot on the list so far. The list shows how pop culture affects naming trends year to year.Read more > | |
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 1926, the New York Rangers were officially granted a franchise in the National Hockey League (NHL). The NHL also announced that Chicago and Detroit would be joining the league that November. In 1930, Ellen Church became the first female flight attendant. In 1970, President Richard Nixon appointed America’s first two female generals. In 1980, the first transcontinental balloon crossing of the United States took place. In 2014, the National September 11 Memorial Museum was dedicated in New York City.
WEDNESDAY WISDOM: “If evolution really works, how come mothers only have two hands?”—Milton Berle, comedian and actor | |
| 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 > |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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