| Sponsored message from JP Morgan |
| Are Your Clients Concerned about Plan Fees? |
| Reducing plan costs is a primary reason why sponsors consider a change in recordkeepers. Address your clients’ cost concerns with a J.P. Morgan 401(k) analysis comparing their current fees with industry averages. DISCOVER POTENTIAL SAVINGS >
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| Education a Top Factor in Gaining Retirement Plan Participants’ Trust |
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“This study shows that for financial firms who want to improve retirement savings outcomes must evolve their role from just account providers to trusted partners that people can turn to for help on holistic financial wellness,” NARPP says.
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| 2018 PLANADVISER Micro Plan Survey |
| One area where a skilled adviser may have the opportunity to gain new clients is in helping clarify the role of a fiduciary. Nearly half (48%) of micro-plan sponsors are unsure whether their adviser is a fiduciary and, if so, what kind. Just one-fifth (20%) say their adviser is a 3(21) fiduciary, and 17% say he is a 3(38) fiduciary.
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| Market Mirror |
| Tuesday, the Dow was up 2.89 points (0.01%) at 24,360.21, the NASDAQ increased 1.69 points (0.02%) to 7,266.90, and the S&P 500 was virtually unchanged at 2,671.92. The Russell 2000 gained 7.44 points (0.47%) to finish at 1,586.39, and the Wilshire 5000 increased 12.93 points (0.05%) to 27,828.60.
The price of the 10-year Treasury note decreased 7/32, bringing its yield up to 2.976%. The price of the 30-year Treasury bond was down 3/32, increasing its yield to 3.129%.
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