Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
2020 Plan Sponsor of the Year
2020 Plan Sponsor of the Year
Today is the LAST DAY to nominate a plan sponsor for our annual awards!
Investment Products and Service Launches
Hartford Funds presents interval fund; OpenInvest partners with LGIMA in ESG solutions; ProShares releases additional ETFs in dividends growth suite; and more.
Most Read
EARN Act Clears Senate Finance Committee
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
Data and Research
K-12 Educators Prefer Advisers for Retirement Planning
Economic Events
In the week ending November 2, the advance figure for seasonally adjusted initial claims for unemployment insurance was 211,000, a decrease of 8,000 from the previous week’s revised level of 219,000, the Labor Department reported. The four-week moving average was 215,250, an increase of 250 from the previous week’s revised average of 215,000.

The average interest rate for a 30-year fixed-rate mortgage is 3.69%, down from 3.78% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.13%, down from 3.19%.
Market Mirror
Thursday, the Dow climbed 182.24 points (0.66%) to 27,674.80, the NASDAQ closed 23.89 points (0.28%) higher at 8,434.52, and the S&P 500 increased 8.40 points (0.27%) to 3,085.18. The Russell 2000 was up 4.45 points (0.28%) at 1,593.99, and the Wilshire 5000 gained 84.91 points (0.27%) to finish at 31,417.31.

The price of the 10-year Treasury note decreased 1 10/32, bringing its yield up to 1.922%. The price of the 30-year Treasury bond fell 1 28/32, increasing its yield to 2.394%.
2019 ERISA Plan Compliance Calendar
There are quite a few deadlines coming up in December.
Prudential Faces ERISA Self-Dealing Allegations in New Lawsuit
According to the complaint, by selecting Prudential-affiliated funds, the fiduciary defendants placed Prudential’s interests above the plan’s interests.
IRS Proposes Update to Mortality Tables Used to Calculate RMDs
The life expectancy tables and applicable distribution period tables in the proposed regulations reflect longer life expectancies than the tables in the existing regulations.
Small Talk
ON THIS DATE: In 1793, the Louvre Museum, in Paris, opened to the public for the first time. In 1805, the “Corps of Discovery” reached the Pacific Ocean. The expedition was led by William Clark and Meriwether Lewis. In 1889, Montana became the 41st U.S. state. In 1933, the Civil Works Administration was created by executive order by President Franklin D. Roosevelt. The organization was designed to create jobs for more than 4 million unemployed people in the U.S. In 1942, during World War II, Operation Torch began as U.S. and British forces landed in French North Africa. In 1950, during the Korean conflict, the first jet-plane battle took place as U.S. Air Force Lt. Russell J. Brown shot down a North Korean MiG-15. In 1954, the American League approved the transfer of the Philadelphia Athletics baseball team to Kansas City, Missouri. In 1966, Edward W. Brooke of Massachusetts became the first African-American elected to the U.S. Senate by popular vote. In 1980, scientists at the Jet Propulsion Laboratory in California announced that they had discovered a 15th moon orbiting the planet Saturn. In 2000, in Florida, a statewide recount began to decide the winner of the 2000 U.S. presidential election. In 2000, Waco, Texas, special counsel John C. Danforth released his final report that absolved the government of wrongdoing in the 1993 siege of the Branch Davidian compound.
FRIDAY FILES: A simple act of kindness; weather reported dresses in eye-catching Halloween costume; and more.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850