 |
|
|
| Products, Deals & People | |
| American Health Resources has created a way for small and midmarket employers to replace their group health insurance policies with individual policies.Read more > | |
| Privacy and Security Checklist Added to Fiduciary Guide | |
| Burrmont Compliance Labs LLC announced The Fiduciary Responsibility eSource’s searchable database now includes a discussion of privacy and security issues. This enhancement includes a privacy and data securities issues checklist authored by Andrew C. Liazos and Ann Killilea of the Boston office of McDermott Will & Emery.Read more > | |
| Pentegra Retirement Services has created Distribution Path, an online report that outlines the practices that help promote successful retirement outcomes. The focus is on decumulation strategies that can help create a secure retirement income stream.Read more > | |
| Sponsored message from Transamerica | |
| PLANSPONSOR Interview Jeremy Hersch Click here to see PLANSPONSOR’s interview of Jeremy Hersch, Vice President of Investment Solutions for Transamerica Retirement Solutions. Read more > | |
| Economic Events | |
The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading-day differences, but not for price changes, was estimated at $1,328.0 billion, up 0.1% from June, but down 2.7% from July 2014. Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,812.4 billion, up 0.1% from June and up 2.6% from July 2014.
Advance estimates of U.S. retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $447.7 billion, an increase of 0.2% from the previous month, and 2.2% above August 2014. Total sales for the June through August period were up 2.2% from the same period one year ago. Retail trade sales were up 0.1% from July and 1.4% above last year. Food services and drinking places were up 8.2% from August 2014, and non-store retailers were up 6.9% from last year. | |
| Market Mirror | |
Yesterday, the Dow climbed 228.89 points (1.40%) to 16,599.85, the NASDAQ increased 54.76 points (1.14%) to 4,860.52, and the S&P 500 gained 25.05 points (1.28%) to finish at 1,978.08. The Russell 2000 was up 12.49 points (1.08%) at 1,165.98, and the Wilshire 5000 closed 245.54 points (1.19%) higher at 20,851.74.
On the NYSE, 3.2 billion shares changed hands, and on the NASDAQ 2.8 billion shares traded, with advancing issues outnumbering declining issues by more than 2 to 1 on both exchanges.
The price of the 10-year Treasury note decreased 27/32, bringing its yield up to 2.281%. The price of the 30-year Treasury bond fell 1 31/32, increasing its yield to 3.059%. | |
| Compliance | |
| IRS Clarifies Rules for Hardship-Related eFiling Waivers | |
| The Internal Revenue Service (IRS) has set forth Revenue Procedure 2015-47, which supplies guidance for administrators of qualified retirement plans seeking an exemption from requirements to file electronically certain annual forms. The new guidance helps clarify how plans can properly request a waiver of the electronic filing requirement, due to economic hardship. The forms impacted by the revenue procedure are Form 8955-SSA, “Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits,” and Form 5500-EZ, “Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan.”Read more > | |
| From the Magazine | |
| Just Out of Reish: Another Policy Statement | |
| Many plans have an investment policy statement (IPS) to help with the prudent selection and monitoring of investments. This is a good practice, but most fiduciary litigation is not about the quality of mutual funds in 401(k) lineups. Instead, it is about fees and expenses. The lesson taught by these lawsuits is that plan committees should develop and implement a fee and expense policy statement—that is, a guide for the prudent process of evaluating plan expenses, the allocation of those expenses and the allocation of revenue sharing.Read more > | |
| Small Talk | |
| Relevant work experience and skills are the most important aspects of a resume for hiring managers of all ages, according to a survey released by Addison Group. However, the survey found not all generations view job candidates equally. The survey examined the preferences of hiring managers who are Baby Boomers, Generation X or Millennials, and found proven results and references were more important to Boomers (61% and 30%, respectively) than Millennials (44% and 21%, respectively). Boomers weigh the interview more heavily, and, it’s no surprise which generation values candidates’ social media profiles more.Read more > | |
| ON THIS DATE: In 1620, the Mayflower departed from Plymouth, England. In 1908, General Motors was founded by William Crapo “Billy” Durant. The company was formed by merging the Buick and Olds car companies. In 1953, the St. Louis Browns of the American League were given permission to move to Baltimore, Maryland, where they became the Baltimore Orioles. In 1965, “The Dean Martin Show” debuted on NBC-TV. In 1968, “The Andy Griffith Show” was seen for the final time on CBS. In 1972, “The Bob Newhart Show” premiered on CBS-TV. In 1994, Exxon Corp. was ordered by federal jury to pay $5 billion in punitive damages to the people harmed by the 1989 Exxon Valdez spill. In 1998, Meryl Streep received a star on the Hollywood Walk of Fame. | |
| WEDNESDAY WISDOM: “Learn to … be what you are, and learn to resign with a good grace all that you are not.” —Henri Frederic Amiel, Swiss philosopher and poet | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > | |
News from PLANSPONSOR.com
Copyright © Asset International, Inc., 2015. All rights reserved. No reproduction without prior authorization.
|
|
|
|
Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
Advertising: advertise@strategic-i.com
Subscribe to NEWSDash, click here .
To unsubscribe, click here.
|
BrightScope /
CIO /
FWW /
Investor Economics /
LiquidMetrix /
Market Metrics /
Matrix Solutions /
PLANADVISER /
Plan For Life /
PLANSPONSOR /
Simfund |