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| Making Financial Wellness ‘Fun’ Could Boost Retirement Savings |
| Plan sponsors have been moving away from traditional financial-wellness education methods and utilizing tools like apps and games to help participants manage their finances and prepare for retirement.Read more > |
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| Products, Deals and People |
| PNC will now offer investment fiduciary services to its defined contribution (DC) clients through its PNC Retirement Solutions platform.Read more > |
| PenChecks Trust, a benefit distribution processing firm, and PensionSoft Corporation, a provider of software to retirement plan third-party administrators (TPA) and actuarial services firms, have agreed to integrate their software products to facilitate benefits processing for their clients. By linking its software directly to PenChecks Trust’s “P3” online benefits processing portal, PensionSoft will enable its clients to access a suite of benefits distribution services.Read more > |
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| Sponsored message from SmartDollar |
Emotions and Finances: Employees Are Scared or Confused About Money
American workers feel scared or confused about their personal finances, and that’s harming business.Read more > |
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| Market Mirror |
Yesterday, the Dow was up 77.32 points (0.43%) at 18,223.03, the NASDAQ climbed 52.43 points (1.00%) to 5,309.83, and the S&P 500 increased 10.17 points (0.47%) to 2,151.33. The Russell 2000 gained 8.34 points (0.68%) to finish at 1,226.44, and the Wilshire 5000 closed 126.75 points (0.57%) higher at 22,391.02.
On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.9 billion shares traded, with 3 advancing issues for every 2 declining issues on both exchanges.
The price of the 10-year Treasury note was down 8/32, increasing its yield to 1.764%. The price of the 30-year Treasury bond decreased 19/32, bringing its yield up to 2.516%. |
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| Compliance |
| IRS Offers Hurricane Matthew Relief |
| The Internal Revenue Service (IRS) announced that defined contribution (DC) employer-sponsored retirement plans can make loans and hardship distributions to victims of Hurricane Matthew and members of their families.Read more > |
| Correcting for an Improper Vesting Calculation |
| When an employee terminates and exits his company’s qualified retirement plan, he doesn’t only take what he saved in his account. However much he has vested of his employers’ contributions goes along, too. Sometimes, though, that amount gets calculated incorrectly. When a plan sponsor discovers such an error, what should it do?Read more > |
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| Small Talk |
| ON THIS DATE: In 1812, during the War of 1812, the U.S. frigate United States captured the British vessel Macedonian. In 1854, the Charge of the Light Brigade took place during the Crimean War. The British were winning the Battle of Balaclava when Lord James Cardigan received an order to attack the Russians. He took his troops into a valley and suffered 40% casualties. Later it was revealed that the order was the result of confusion and was not given intentionally. In 1955, the microwave oven, for home use, was introduced by The Tappan Company. In 1962, American author John Steinbeck was awarded the Nobel Prize in literature. In 1971, the U.N. General Assembly voted to expel Taiwan and admit mainland China. In 1983, U.S. troops and soldiers from six Caribbean nations invaded Grenada to restore order and provide protection to U.S. citizens after a recent coup within Grenada’s Communist (pro-Cuban) government. |
| TRIVIAL PURSUITS: After a long walk in the summer, a dog may have its tongue hanging out and be doing a lot of panting, but one doesn’t actually see it sweat. However, dogs do sweat. From where do dogs most sweat?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 > |
