December 18th, 2018

IBM Stock Drop Litigation Revived by 2nd Circuit The decision breaks from other cases in which district and appellate judges have found plaintiffs did not meet strict pleading standards established by the influential Dudenhoeffer decision. Read more > Yale Says 403(b) Plan Changes Not a Result of Ongoing Litigation A university spokesperson said that the changes to the retirement plan were not in response to ongoing litigation, explaining that the policy revisions were underway before the lawsuit was filed. Read more > PBGC Issues 2019 Premium Filing Instructions The Pension Benefit Guaranty Corporation has made available “Comprehensive Premium Filing Instructions for 2019 Plan Years.” The document provides information for plans paying premiums for plan years beginning in 2019, including instructions for each data element that must be reported. Read more > Asian-Americans Place High Levels of Importance on Financial Goals Seventy percent of foreign-born Asian Asians have household incomes above $50,000. Asian-Americans also place a high level of importance on financial goals, particularly those related to helping their children and their parents. Read more > MOST READ ARTICLES

Sponsored message from American Century Investments Target-Date Risk Dashboard Learn about a forward-looking, custom solution to target-date fund evaluation and selection. Read more > Addressing Participant Concerns If a retirement plan sponsor ignores a participant complaint, that participant is liable to turn to the Department of Labor on his own or hire a lawyer who will do so on his behalf, says Blaine Aikin, executive chairman of Fi360. Read more > Gallagher Launches Consulting Practice Targeting Financial Wellbeing The program, described to “optimize wellbeing,” launches at a time when employers are looking for more financial wellness platforms that better suit the needs of their employees.  Read more > Market Mirror Yesterday, the Dow lost 507.53 points (2.11%) to finish at 23,592.98, the NASDAQ closed 156.93 points (2.27%) lower at 6,753.73, and the S&P 500 decreased 54.01 points (2.08%) to 2,545.94. The Russell 2000 was down 32.67 points (2.32%) at 1,378.14, and the Wilshire 5000 fell 589.37 points (2.20%) to 26,159.97. The price of the 10-year Treasury note was up 10/32, decreasing its yield to 2.857%. The price of the 30-year Treasury bond increased 19/32, bringing its yield down to 3.115%.

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