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March 26th, 2019 |
 | Lost ParticipantsA challenge that all plan fiduciaries and their advisers face is how to deal with “lost” participants. When investigating a plan, the Department of Labor will focus on how the plan addresses that. Indeed, the DOL recently challenged practices thought by plan fiduciaries and their advisers to be appropriate under ERISA.
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Gig Workers Report Being More Involved in Their Finances |
Although only 56% of independent workers are actively saving for retirement, they are just as likely as traditional workers to feel they are financially prepared for retirement, a T. Rowe Price survey found.
Read more > | | Millennium Trust Calculator Approximates Plan Savings From Automatic Rollovers |
Retirement plan sponsors may take advantage of automatic rollover rules for small plan balances to reduce the administrative costs of keeping those participant accounts in their plans.
Read more > | | Market Mirror | Yesterday, the Dow was up 14.51 points (0.06%) at 25,516.83, the NASDAQ was down 5.13 points (0.07%) at 7,637.54, and the S&P 500 decreased 2.35 points (0.08%) to 2,798.36. The Russell 2000 increased 6.94 points (0.46%) to 1,512.86, and the Wilshire 5000 was down 18.08 points (0.06%) at 28,891.47.
The price of the 10-year Treasury note increased 9/32, bringing its yield down to 2.409%. The price of the 30-year Treasury bond was up 3/32, decreasing its yield to 2.869%.
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