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| Washington State OKs Retirement Marketplace | |
| The Small Business Retirement Marketplace is being launched under a bipartisan bill signed Monday by Washington Governor Jay Inslee. The measure will give companies with fewer than 100 employees an easily accessible option for employees to save in a tax-advantaged account. The state estimates 1.5 million Washington workers lack access to a workplace-based retirement savings account.Read more > | |
| Sponsored message from SageView, Vanguard and Ayco | |
| Building a Stronger Retirement Plan for Cabot Corporation See how SageView, Vanguard, and Ayco helped their client Cabot Corporation redefine their retirement plan and push participation rates to 94%.Read more > | |
| Market Mirror | |
Yesterday, the Dow was down 26.99 points (0.15%) at 18,285.40, the NASDAQ increased 1.71 points (0.03%) to 5,071.74, and the S&P 500 decreased 1.98 points (0.09%) to 2,125.85. The Russell 2000 inched up 2.08 points (0.17%) to 1,257.74, and the Wilshire 5000 slipped 15.77 points (0.07%) to 22,451.19. On the NYSE, 3.2 billion shares traded, with a slight lead for advancers. On the NASDAQ, 2.8 billion shares changed hands, with a nearly even split between declining and advancing issues. The price of the 10-year Treasury note was up 12/32, decreasing its yield to 2.251%. The price of the 30-year Treasury bond increased 16/32, bringing its yield down to 3.051%. | |
| From the Magazine | |
| Who Pays for What Aspects of Your Plan? | |
| When it comes to plan administration fees, “transparency definitely is ‘in vogue,’” says attorney Adam Cantor, who chairs the employee benefits and executive compensation group at Wolff & Samson PC in West Orange, New Jersey. For some sponsors, that includes rethinking how fees get paid and who pays them.Read more > | |
| Does Your Plan Have a Leakage Problem? | |
| A combination of plan design and targeted messaging is the best way to stem the flow of plan assets due to loans and cash-outs, experts say. Loans can have negative effects, says Todd Perala, director of BMO Retirement Services in Houston, noting that about half become distributions when participants terminate without repaying the loan, thereby losing any market upswings and doubling his tax liability.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1832, in the U.S., the Democratic Party held its first national convention. In 1881, in Washington, D.C., humanitarians Clara Barton and Adolphus Solomons founded the American National Red Cross, an organization established to provide humanitarian aid to victims of wars and natural disasters in congruence with the International Red Cross. In 1901, Connecticut became the first state to pass a law regulating motor vehicles, limiting their speed to 12 mph in cities and 15 mph on country roads. In 1927, American pilot Charles A. Lindbergh landed at Le Bourget Field in Paris, successfully completing the first solo, nonstop transatlantic flight and the first ever nonstop flight between New York and Paris. | |
| SURVEY SAYS: I recently read that the average amount per tooth the tooth fairy left American children last year was $3.40, but it ranged from $1.00 to $20.00. This week, I’d like to know, did you partake in the tooth fairy or other tooth-loss tradition when you were a child, and if so, how much did you get? If you have children, do they get more than you did? You may respond to this week’s survey by 6 p.m. Pacific time today.Read more > | |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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