Sponsored message from JP Morgan |
Description: Are Your Clients Concerned about Plan Fees? |
J.P. Morgan’s 401(k) Fee Comparison Tool can help you compare your clients’ current fees with industry averages.
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Employer Contributions to 401(k)s Show Steady Increase |
Ascensus data shows the number of employers funding employer contributions increased from 53% in 2013 to 81% in 2016, and data gathered from Strategic Insight finds the amount of employers contributions have increased from $108.1 billion in 2010 to $139.2 billion in 2016.
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SPARK Publishes RFP Guide Update for Advisers and Clients |
According to Tim Rouse, executive director of The SPARK Institute, his organization developed the guide to assist advisers, consultants and plan sponsors alike. Using the guide, these professionals can streamline and professionalize the important task of preparing and evaluating requests for proposal (RFPs) for 401(k) and other defined contribution retirement plans.
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From the Magazine: The Simplest Fix |
“Without the opportunity to touch the money, employees put it aside, and it grows without interference. This concept of payroll deduction and putting money aside before the earner can access it is also why the concept of leakage challenges the industry so much. Most people who have ever gone through a retirement plan rollover can attest to the challenges of having checks cut to them and having to move the money themselves from one account to the next.”
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Market Mirror |
Yesterday, the Dow was down 10.33 points (0.04%) at 25,792.86, the NASDAQ lost 37.00 points (0.51%) to finish at 7,224.00, and the S&P 500 decreased 9.82 points (0.35%) to 2,776.42. The Russell 2000 fell 19.00 points (1.19%) to 1,572.97, and the Wilshire 5000 closed 135.35 points (0.47%) lower at 28,782.32.
The price of the 10-year Treasury note was up 3/32, decreasing its yield to 2.540%. The price of the 30-year Treasury bond increased 13/32, bringing its yield down to 2.829%.
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