| SCOTUS Denies Review of Chevron Stable Value ERISA Suit | | The U.S. Supreme Court will not review an appellate court ruling in White v. Chevron, a case that alleged, among other things, that defendants breached their fiduciary duties by offering a money market fund rather than a stable value fund as a capital preservation option.
Read more > | | | 2020 HSA Contribution Limits Announced | | For calendar year 2020, a high deductible health plan is defined under Section 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,400 for self-only coverage or $2,800 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,900 for self-only coverage or $13,800 for family coverage.
Read more > | | | Financial Regrets Voiced by Majority of Americans | |
Millennials bemoan their student loan debt loads while Baby Boomers voice the most regret about not saving for retirement earlier, according to a Bankrate.com survey.
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| Sponsored message from PIMCO | | 2019 PIMCO Defined Contribution Consulting Study | | Providing retirement income potential, evaluating TDFs and plan costs, and simplifying investment menus are key. Download the whitepaper.
Read more > | | | 2019 PLANADVISER Micro Plan Survey | | The micro plan market, which the 2019 PLANADVISER Micro Plan Survey defines as plans with under $5 million in assets, offers many opportunities for advisers. For one, they can help improve these plans, which lag behind larger plans in many key areas of design. Interesting is that 62%, looking at, for example, the $1 million to $5 million group, already work with an adviser—indicating that advisers should be more proactive.
Read more > | | | Market Mirror | | Wednesday, the Dow lost 221.36 points (0.87%) to finish at 25,126.41, the NASDAQ decreased 60.04 points (0.79%) to 7,547.31, and the S&P 500 was down 19.37 points (0.69%) at 2,783.02. The Russell 2000 fell 14.07 points (0.94%) to 1,489.95, and the Wilshire 5000 closed 208.43 points (0.72%) lower at 28,710.50.
The price of the 10-year Treasury note was virtually unchanged, with its yield at 2.262%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 2.693%.
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