| PLANSPONSOR Research | 2017 PLANSPONSOR 403(b)/457 Buyer’s Guide | The 403(b) Buyer’s Guide shows the providers who service this market, what they focus on in terms of market segment, and the services they provide to 403(b) plan sponsors.Read more > | | Products, Deals and People | Retirement Industry People Moves | Mercer hires Principal of Client Management; AndCo employs retirement plan consultant to support fiduciary and plan governance; Consultant named ASPPA president; and more.Read more > | | Sponsored message from BlackRock | Fixed Income: How Active Do You Want to Go? The Fed’s policy of normalization sounds reassuring. But it may shift uncertainty from short-term rates to further along the yield curve. See what this means for today’s fixed income market.Read more > | | Economic Events | THE ECONOMIC WEEK AHEAD: Tomorrow, the Conference Board will reveal its Consumer Confidence Index for October. Wednesday, the Census Bureau will report about construction spending in September. Thursday, the Labor Department will issue its initial claims report. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for October, and the Census Bureau will report about factory orders for September. | | Market Mirror | Friday, the Dow was up 33.33 points (0.14%) at 23,434.19, the NASDAQ climbed 144.49 points (2.20%) to 6.701.26, and the S&P 500 closed 20.67 points (0.81%) higher at 2,581.07. The Russell 2000 increased 10.86 points (0.73%) to 1,508.31, and the Wilshire 5000 gained 218.72 points (0.82%) to finish at 26,817.34. The price of the 10-year Treasury note increased 13/32, bringing its yield down to 2.419%. The price of the 30-year Treasury bond climbed 27/32, decreasing its yield to 2.928%. WEEK’S WORTH: For the week ending October 27, 2017, the Dow finished 0.45% higher, the NASDAQ gained 1.09%, and the S&P 500 increased 0.23%. The Russell 2000 was down 0.06%, and the Wilshire 5000 was up 0.18%. | | Compliance | Treasury Calls for the Creation of an Annuity Oversight Bureau | The Treasury Department believes that if an expert bureau were created to assess the viability of annuity providers, retirement plan sponsors would be more inclined to offer in-plan guaranteed lifetime income options.Read more > | | Industry Voices | Should Foreign Nationals Participate in Your Company’s U.S.-Based 401(k)? | Andrew S. Zito, executive vice president, Retirement Plan Services of the LAMCO Advisory Services, discusses the considerations for helping foreign nationals decide whether to participate in a company’s U.S.-based 401(k).Read more > | | Small Talk | ON THIS DATE: In 1735, John Adams, the second President of the United States, was born in Braintree, Massachusets. In 1831, escaped slave Nat Turner was apprehended in Southampton County, Virginia, several weeks after leading the bloodiest slave uprising in American history. In 1875, the constitution of Missouri was ratified by popular vote. In 1894, the time clock was patented by Daniel M. Cooper of Rochester, New York. In 1938, Orson Welles’ “The War of the Worlds” aired on CBS radio. The belief that the realistic radio dramatization was a live news event about a Martian invasion caused panic among listeners. In 1943, in Moscow, a declaration was signed by the governments of the Soviet Union, the United Kingdom, the United States and China called for an early establishment of an international organization to maintain peace and security. In 1953, General George C. Marshall was awarded the Nobel Peace Prize. In 1972, U.S. President Richard Nixon approved legislation to increase Social Security spending by $5.3 billion. In 1993, Martin Fettman, America’s first veterinarian in space, performed the world’s first animal dissections in space, while aboard the space shuttle Columbia. In 2001, Michael Jordan returned to the NBA with the Washington Wizards after a 3 1/2 year retirement. The Wizards lost 93-91 to the New York Knicks. | SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Do you have plans to dress up in costume for Halloween this year?” I also asked them to share the most creative costumes they’ve seen or come up with. Two-thirds (66.7%) of responding readers indicated they have no plans to dress up for Halloween this year. Nineteen percent each said they would dress up for answering the door for trick-or-treaters and for trick-or-treating with their children. Only about one in 20 (4.8%) will be dressing up for Halloween at work, and 9.5% said they would for a social gathering. Among the submissions of creative costumes, two I especially liked were: “Someone just had a label on them that said ‘98.4 degrees.’ They were a ‘Temp.’” and “I painted a box to look like a night stand and went as…a one night stand.” In verbatim comments, several just pointed out the fun of the holiday, but notably some said the fun part included children. A couple mentioned a simple costume or outfit just to commemorate the day. Editor’s Choice goes to the reader who said: “Unfairly we hate dressing up but we make our dog wear a costume. This year our Golden Retriever will wear the lion’s mane similar to the commercial. In past years he has been a wide retriever with his football jersey.” A big thank you to all who participated in the survey!Read more > | Share the 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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