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August 2nd, 2018 |
| Court Finds in Favor of NYU in 403(b) Plans Lawsuit | |
A federal district court judge found that “while there were deficiencies in the Committee’s processes—including that several members displayed a concerning lack of knowledge relevant to the Committee’s mandate—plaintiffs have not proven that the Committee acted imprudently or that the Plans suffered losses as a result.”
Read more > | | | Health Care Costs Remain Retirement Planning Blind Spot | |
According to a new survey, 76% of employees say they understand the salient features of health savings accounts, or “HSAs,” yet only 12% could correctly identify the common attributes of an HSA in a simple quiz.
Read more > | | | Adviser Executives Expect Strong Headcount Growth This Year | | According to IAA and Cerulli, nearly 80% of respondents to the 2018 survey say they plan to grow their work force over the next 12 months. Nearly two-thirds of respondents plan to grow their headcounts by up to 10%, the survey shows, while nearly 15% percent say they plan to increase their staffs by more than 10%.
Read more > | | | The Power of Hosting Events | | Spectrum Investment Advisors values visual presentation and experience. So, when company President James Marshall committed to erecting a new building five years ago, in Mequon, Wisconsin, it was outfitted with an engaging meeting space, where plan sponsors and participants could come attend seminars, gain insight into the firm’s workings—not to mention, drink a little coffee.
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| Sponsored message from ADP | | Getting Ahead Of The Curve | | Digital advice platforms can help younger workers save for retirement. Click to download the white paper.
Read more > | | | ERIC Expresses Issues With Proposed New York City Private-Sector Retirement Plan | |
In addition to asking for exemption from the program for employers already providing an ERISA-compliant retirement plan, ERIC asked the city council to change the program eligibility criteria.
Read more > | | | Rollover Recommendations | | A rollover to an IRA may still be prohibited.
Read more > | | | Market Mirror | | Wednesday, the Dow lost 81.37 points (0.32%) to finish at 25,333.82, the NASDAQ closed 35.50 points (0.46%) higher at 7,707.29, and the S&P 500 decreased 2.93 points (0.10%) to 2,813.36. The Russell 2000 was down 1.54 points (0.09%) at 1,669.26, and the Wilshire 5000 closed 32.84 points (0.11%) lower at 29,262.92.
The price of the 10-year Treasury note was down 9/32, increasing its yield to 2.996%. The price of the 30-year Treasury bond decreased 26/32, bringing its yield up to 3.123%.
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