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November 8th, 2018 |
| Celebrating 40 Years of the 401(k) | |
“As we take a moment to celebrate the strong foundation and accomplishments of the system, let’s also recognize the opportunities we have to help even more employers and workers take advantage of important 401(k) benefits,” said Charlie Nelson, CEO of Retirement and Employee Benefits at Voya Financial, at an event marking the milestone.
Read more > | | | Fiduciary Fitness: Appropriate Benchmarks | | In light of the focus in many of the 401(k) and 403(b) lawsuits on alleged excessive fees, plan fiduciaries have been advised that it is important that they take measures to document their fees’ reasonableness. This is most commonly done through the use of benchmarking.
Read more > | | | Institutional Assets Posted Median Gain of 2.63% in Q3 | | Institutional Assets tracked by the Wilshire Universe Comparison Service posted an all-plan median return for the third quarter of 2.63%; for the year ended September 30, the median is 6.90%.
Read more > | | | The Complexities in Building Adviser Teams | | It took just three years for Todd Timmerman, who had worked in recordkeeping 27 years before founding advisory firm Retirement Plan Analytics, to become one of PLANADVISER’s 2018 Top 100 Retirement Plan Advisers, with more than $15 billion in assets under advisement.
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| Sponsored message from Mass Mutual | | Mass Mutual Viability | | Mass Mutual Viability shows employers how to mitigate risk. Click here to watch video >
Read more > | | | Young Savers Are the Group Most Likely to Meet Retirement Goals | | Young savers, those between the ages of 25 and 34, are the generation most likely to be on track to meet their retirement goals, according to a new report from Ascensus, “Inside America’s Savings Plans: How 8+ million are saving for the future.”
Read more > | | | Pershing Offers Turnkey Managed Account Solution for RIAs | | Pershing Advisor Solutions has launched Managed360, a wrap, turnkey managed account solution designed for registered investment advisers that leverages the managed accounts from partner company Lockwood Advisors.
Read more > | | | Market Mirror | | On Wednesday, the Dow jumped 545.29 points (2.13%) to 26,180.30, the NASDAQ increased 194.79 points (2.64%) to 7570.75 and the S&P 500 gained 58.44 points (2.12%) to hit 2,813.89. The Russell 2000 gained 26.06 points (1.67%) to reach 1,582.16, and the Wilshire 5000 increased 584.45 points (2.05%) to 29,051.70.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 3.226%. The price of the 30-year Treasury bond increased 2/32, bringing its yield down to 3.441%.
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