| | Market Mirror | Energy stocks
led a rally on the stock market as the price of oil turned sharply higher, the
Associated Press reports. The Dow gained 140.10 points (0.84%) to finish at
16,739.95, the NASDAQ was up 28.72 points (0.59%) at 4,889.24, and the S&P
500 closed 17.22 points (0.87%) higher at 1,995.31. The Russell 2000 increased
9.21 points (0.79%) to 1,175.20, and the Wilshire 5000 climbed 181.51 points
(0.87%) to 21,033.25.
On the NYSE, 3.2
billion shares traded, with a more than 3 to 1 lead for advancers. On the NASDAQ,
2.8 billion shares changed hands, with 1.6 advancing issues for every declining
issue.
The price of the 10-year Treasury note was down 3/32,
increasing its yield to 2.297%. The price of the 30-year Treasury bond decreased
10/32, bringing its yield up to 3.086%.
| | | Compliance | | PBGC Issues Final Rule for eFiling Multiemployer Plan Notices | | The Pension Benefit Guaranty Corporation (PBGC)
has issued a final rule amending its regulations to require electronic filing
of certain multiemployer notices. What changes have been made from the
proposed rule in April, and what notices must be filed electronically?Read more > | | Health Plan Compliance Issues to Consider | | Many employers are in the final stages of
designing their 2016 health benefit programs, contribution strategies, vendor
terms and employee communications. To assist in this effort, Mercer has
recently published the top 10 compliance-related issues with respect to the
Patient Protection and Affordable Care Act (ACA) and other health benefit
regulations employers should address in planning for the upcoming year.Read more > | | | Investing | | DCIIA Says Illiquid Assets ‘Manageable’ in DC Plans | | Especially when included in a retirement plan
menu as part of a target-date fund (TDF) or another automatic asset-allocation
solution, illiquid private equity investments can significantly benefit defined
contribution (DC) account owners. An analysis from the Defined Contribution
Institutional Investment Association (DCIIA) finds that “a strong case can be
made for including such assets in DC plans,” and numerous precedents for
non-market pricing methods exist to guide plans through the implementation
process. Is having daily liquidity a good thing for DC plan participants?Read more > | | | Small Talk | | ON THIS DATE: In
1787, The Constitution of
the United States of America was signed by delegates at the
Constitutional Convention. In 1862,
The Battle of Antietam took place during the American Civil War. More than
23,000 men were killed, wounded, or missing. The Rebel advance was ended with
heavy losses to both armies. In 1911,
the first transcontinental airplane flight started. It took C.P. Rogers 82
hours to fly from New York City to Pasadena, California. In 1920, the American Professional
Football Association was formed in Canton, Ohio. It was the precursor to
the National Football League (NFL). In 1953, the Ochsner Foundation Hospital in New
Orleans, Louisiana, successfully separated Siamese twins. Carolyn Anne and
Catherine Anne Mouton were connected at the waist when born. In 1964, “Bewitched” premiered
on ABC-TV. In 1972,
“M*A*S*H” premiered on CBS-TV. In 1984, 9,706 immigrants became naturalized citizens when they were
sworn in by U.S. Vice President George Bush in Miami, Florida. It was
the largest group to become U.S. citizens. In 1984, Reggie Jackson hit his 500th
career home run. It was exactly 17 years from the day he hit his first major
league home run. | | SURVEY SAYS: Our coverage of a survey
about different generations’ assessments of job candidates made me think about
problems that may exist between employees and bosses of different generations. This
week, I’d like to know, is your boss from a different ‘generation’ than you,
and does this cause you issues at the workplace? You may respond to the survey
by 6 p.m. Pacific time today.Read more > | | 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 > |
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