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Mass Mutual Viability Shows Employers How to Mitigate Risk |
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Ideas to Help Manage Surplus Funding When Clients Terminate DB Plans |
According to Brian Donohue, with October Three Consulting, the master strategy to get to full-funding-but-no-surplus on termination is to reduce plan risk by gradually changing the plan’s asset strategy as the plan approaches full funding—the “glide path” strategy that some sponsors have adopted.
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Nationwide Announces HSA Offering in 2019 |
“We are committed to bringing America’s workers solutions designed to help them gain confidence and take action to efficiently prepare for health care expenses in retirement,” says John Carter, president of Nationwide’s retirement plan business.
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SEI Seeks Greater Workflow Automation Through Advizr Partnership |
Through this expansion, SEI’s BusinessWise program will deliver enhanced financial planning tool to help advisers make actionable plans for individual clients.
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Custodia Financial Expands Retirement Loan Eraser |
Not only does the solution help prevent 401(k) loan defaults when a participant experiences an involuntary job loss, it now covers voluntary job changes.
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Market Mirror |
Wednesday, the Dow plummeted 608.01 points (2.41%) to 24,583.42, the NASDAQ took a 329.14-points (4.43%) dive to 7,108.40, and the S&P 500 dropped 84.59 points (3.09%) to finish at 2,656.10. The Russell 2000 fell 57.89 points (3.79%) to 1,468.70, and the Wilshire 5000 plunged 900.66 points (3.18%) to 27,378.97.
The price of the 10-year Treasury note increased 16/32, bringing its yield down to 3.110%. The price of the 30-year Treasury bond climbed 19/32, decreasing its yield to 3.337%.
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