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February 27th, 2019 |
 | Student Loan Debt Relief and the IRSThe IRS examines the case of a company offering a 401(k) plan under which, if an eligible employee makes an elective contribution to the plan during a payroll period equal to at least 2% of eligible compensation, the plan sponsor makes a matching student loan repayment contribution on behalf of the employee equal to 5% of the employee’s eligible compensation.
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| Retirement Specialists Tapped for NTSA Financial Literacy Program | |
The program is aimed at promoting NTSA’s dual goals of improving the understanding of retirement planning options for teachers and school staff and boosting 403(b) plan participation.
Read more > | | | Forward Focus | | How offering 3(38) fiduciary services can help advisers declutter the investment conversation.
Read more > | | | Market Mirror | | Tuesday, the Dow closed 33.97 points (0.13%) lower at 26,057.98, the NASDAQ was down 5.16 points (0.07%) at 7,549.30, and the S&P 500 decreased 2.21 points (0.08%) to 2,793.90. The Russell 2000 fell 11.32 points (0.71%) to 1,577.48, and the Wilshire 5000 lost 50.91 points (0.18%) to finish at 28,970.40.
The price of the 10-year Treasury note was up 6/32, decreasing its yield to 2.644%. The price of the 30-year Treasury bond increased 14/32, bringing its yield down to 3.008%.
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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