Tag: retirement plan lawsuit

Compliance March 30th, 2018

Plan Fiduciary Ordered to Pay Restitution for Stealing From 401(k)

According to the DOL, the fiduciary failed to remit employee contributions to the plan and used the funds instead for business and personal purposes.

Friday, the Dow was down 201.92 points (0.77%) at 25,989.30, the NASDAQ gave up 123.98 points (1.65%) to finish at 7,406.90, and the S&P 500 shed 25.82 points (0.92%) to end at 2,781.01. The Russell 2000 lost 28.72 points (1.82%) to close at 1,549.49, and the Wilshire 5000 was down 294.44 points (1.02%) at 28,668.12.

The price of the 10-year Treasury note was up by 15/32, decreasing its yield to 3.185%. The price of the 30-year Treasury bond was up by 19/32, decreasing its yield to 3.386%.

WEEK’S WORTH: For the week ending November 9, the Dow climbed 2.84%, the NASDAQ increased 0.68%, and the S&P 500 gained 2.13%. The Russell 2000 was up 0.10%, and the Wilshire 5000 finished 1.74% higher.

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