| | NCPERS Study Sees More Volatility from Fewer DBs | | An analysis finds public-sector shifts from defined benefit (DB) plans to defined contribution (DC) plans increases economic volatility.Read more > | | Large DC Plans Look to DB Plans for Cues | | DC plans continue to adopt more of the strategies of DB plans, according to a report from BNY Mellon, “The DC Plan of the Future.” Specifically, DC plans are adopting more lower-cost investment vehicles, along with alternatives and income-generating products.Read more > | | | Products, Deals and People | | Withings, a wellness product provider, has added Withings Go, an affordable, versatile activity tracker to its Corporate Wellness 360° solution.Read more > | | | Market Mirror | Wednesday, the Dow was down 3.36 points (0.02%) at 17,526.62, the NASDAQ increased 23.39 points (0.50%) to 4,739.12, and the S&P 500 was virtually unchanged at 2,047.63. The Russell 2000 was up 5.28 points (0.48%) at 1,102.95, and the Wilshire 5000 decreased 2.02 points (0.01%) to 21,130.32.
On the NYSE, 3.1 billion shares traded, with declining issues outnumbering advancing issues nearly 2 to 1. On the NASDAQ, 2.7 billion shares changed hands, with 3 advancers for every 2 decliners.
The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 1.857%. The price of the 30-year Treasury bond fell 1 10/32, increasing its yield to 2.664%. | | | Compliance | | The U.S. Department of Labor (DOL) filed a complaint alleging that Tarry Bratton, B.C. Inc. and the B.C. Inc. 401(k) Profit Sharing Plan violated the Employee Retirement Income Security Act (ERISA) by not collecting employer contributions required by government contracts to the company’s plan.Read more > | | | From the Magazine | | 2016 Best in Class 401(k) Plans | | PLANSPONSOR is pleased to share the second “class” of companies winning its Best in Class 401(k) Plan designation and to offer snapshots of each.Read more > | | | Small Talk | | ON THIS DATE: In 1643, delegates from four New England colonies met in Boston to form a confederation. In 1796, the first U.S. game law was approved. The measure called for penalties for hunting or destroying game within Indian territory. In 1857, the electric fire alarm system was patented by William F. Channing and Moses G. Farmer. In 1864, the Union and Confederate armies launched their last attacks against each other at Spotsylvania in Virginia. In 1906, the Federated Boys’ Clubs, forerunner of the Boys’ Clubs of America, was organized. In 1911, the first American criminal conviction that was based on fingerprint evidence occurred in New York City. In 1935, the National Football League (NFL) adopted an annual college draft to begin in 1936. In 1962, Marilyn Monroe performed a sultry rendition of “Happy Birthday” for U.S. President John F. Kennedy. The event was a fund-raiser at New York’s Madison Square Garden. In 1974, Erno Rubik invented the puzzle what would later become known as the Rubik’s Cube. In 1981, the Empire State Building was designated a New York City Landmark. In 1992, the 27th Amendment to the U.S. Constitution went into effect. The amendment prohibits Congress from giving itself midterm pay raises. In 2000, the bones of the most complete and best-preserved Tyrannosaurus rex skeleton went on display in Chicago. In 2003, it was announced that Worldcom Inc. would pay investors $500 million to settle civil fraud charges over its $11 billion accounting scandal. In 2003, hundreds of Albert Einstein’s scientific papers, personal letters and humanist essays were made available on the Internet. Einstein had given the papers to the Hebrew University of Jerusalem in his will. | | SURVEY SAYS: It’s graduation season. This week, I’d like to know, what is the TOP advice you would give to the college graduates of 2016? You may respond to this week’s survey by 6:00 p.m. Pacific time today.Read more > | | Share the good 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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