Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
Rollover Rules Between Different Plan Types
Rollover Rules Between Different Plan Types
Retirement plan sponsors need to understand IRS rules for rollovers and what they should consider before accepting one.
2020 Plan Sponsor of the Year
PLANSPONSOR is pleased to announce the 2020 Plan Sponsor of the Year winners.
Most Read
New Retirement Bill Amending ERISA Introduced in Congress
Pensions Will Recoup Losses From Allianz Structured Alpha Investments
Deals and People
Retirement Industry People Moves
5 Things to Consider When Selecting TDFs for Your Retirement Plan
A checklist of five things for retirement plan sponsors to consider when choosing target-date funds (TDFs).
Economic Events
The Conference Board Consumer Confidence Index decreased marginally in October, following a decline in September. The Index now stands at 125.9 (1985=100), down from 126.3 in September. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased from 170.6 to 172.3. The Expectations Index—based on consumers’ short-term outlook for income, business and labor market conditions—declined from 96.8 last month to 94.9 this month.
Market Mirror
Tuesday, the Dow slipped 19.26 points (0.07%) to 27,071.46, the NASDAQ closed 49.14 points (0.59%) lower at 8,276.85, and the S&P 500 was down 2.53 points (0.08%) at 3,036.89. The Russell 2000 was up 5.14 points (0.33%) at 1,577.07, and the Wilshire 5000 decreased 30.51 points (0.10%) to 30,978.76. The prices of the 10-year Treasury note and 30-year Treasury bond both were up 1/32, decreasing their yields to 1.836%, and 2.333%, respectively.
$18.1M MIT Fiduciary Breach Lawsuit Settlement Includes RFP Process
Among the non-monetary elements of the settlement is a requirement to conduct a recordkeeping RFP process that will result in a per-participant fee structure.
Ask the Experts
Clergy Distributions That Can Be Treated as Housing Allowance
“Can amounts from a 401(a) or 401(k) church plan distributed to retired clergy be treated as tax-free parsonage (housing) allowance? I thought only 403(b) plans could provide for such an allowance.”
Small Talk
ON THIS DATE: In 1735, John Adams, the second President of the United States, was born in Braintree, Massachusetts. In 1831, escaped slave Nat Turner was apprehended in Southampton County, Virginia, several weeks after leading the bloodiest slave uprising in American history. In 1864, the town of Helena, Montana, was founded by four gold miners who struck it rich at the “Last Chance Gulch.” 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 1953, General George C. Marshall was awarded the Nobel Peace Prize. In 1974, 32-year-old Muhammad Ali became the heavyweight champion of the world for the second time when he knocks out 25-year-old champ George Foreman in the eighth round of the “Rumble in the Jungle,” a match in Kinshasa, Zaire. In 2001, Michael Jordan returned to the NBA with the Washington Wizards after a 3 1/2 year retirement.
WEDNESDAY WISDOM: “He is happiest, be he king or peasant, who finds peace in his home.”—Johann Wolfgang von Goethe, German writer
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