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Insight on Plan Design & Investment Strategy Every Weekday
Getting Retirement Plan Help From the IRS
Getting Retirement Plan Help From the IRS
Retirement plan sponsors have several avenues for getting help from the IRS with general questions, technical issues and corrections.
Deals and People
Ascensus and Newport Group to Merge
With Newport’s business, Ascensus will see an expanded tax-advantaged savings participant base, including more than 140,000 nonqualified retirement plan participant accounts.
Most Read
Employers Plan to Cut Back on Benefits Amid Recession Fears
Deals and People
Smart Bolsters Tech Solutions With Acquisition of ProManage
Deals and People
Franklin to Add Retirement AUM With Putnam Acquisition
Economic Events
New orders for manufactured durable goods in September decreased $1.0 billion or 0.4% to $261.3 billion, the U.S. Census Bureau announced. This decrease, down following four consecutive monthly increases, followed a 1.3% August increase. Excluding transportation, new orders increased 0.4%. Excluding defense, new orders decreased 2.0%. Transportation equipment, down two of the last three months, drove the decrease, $1.8 billion or 2.3% to $77.7 billion.
Market Mirror
Wednesday, the Dow was up 104.95 points (0.29%) at 36,157.58, the Nasdaq gained 161.98 points (1.04%) to finish at 15,811.58, and the S&P increased 29.92 points (0.65%) to 4,660.57. The Russell 2000 climbed 42.42 points (1.80%) to 2,404.28, and the Wilshire 5000 closed 410.03 points (0.85%) higher at 48,521.84.

The price of the 10-year Treasury note decreased 26/32, bringing its yield up to 1.597%. The price of the 30-year Treasury bond fell 1 6/32, increasing its yield to 2.032%.
Data and Research
HSA Holders Spending More Than Saving
Balances, in both cash and investments, were higher in individual accounts than in employer-sponsored accounts, a study found.
GSAM and Ascensus Announce New Retirement Plan Offering
The solution for small and midsized businesses that want to offer a 401(k) or 403(b) plan features digital advice and a financial wellness platform for employees.
Small Talk
ON THIS DATE: In 1880, James and John Ritty patented the first cash register. In 1922, British archaeologist Howard Carter and his workmen discovered a step leading to the tomb of King Tutankhamen in the Valley of the Kings in Egypt. In 1924, Nellie T. Ross of Wyoming was elected America’s first woman governor so she could serve out the remaining term of her late husband, William B. Ross. In 1939, at the 40th National Automobile Show the first air-conditioned car was put on display. In 1991, Ronald Reagan opened his presidential library in Simi Valley, California. In 2008, Barack Obama was elected as the first president of African-American descent. In 2016, the Paris Agreement, a sweeping international pledge to dramatically reduce carbon emissions, went into effect.

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