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Weekday news and analysis for retirement plan advisers
Monday, August 09, 2021
Exclusives | Awards | Research | Events
COMPLIANCE
Citgo Is Latest Large Employer Facing Actuarial Equivalence Challenge
The proposed class of plaintiffs alleges Citgo is using mortality assumptions that are at least 50 years out of date while converting from a pension plan’s standard annuity benefit to alternative options.
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Compliance
IRS Provides Guidance on New Funding Relief Rules for Single-Employer DB Plans
Among other things, it explains the manner and timing of making elections under the American Rescus Plan Act (ARPA), as well as the flexibility to redesignate contributions between plan years.
Today’s Most Read
1. Op-Ed: Financial and 401(k) Trends to Consider
2. Most Claims Move Forward in Suit Over Aon CITs in 401(k) Plan
3. New Bill Aims to Solve for the Retirement Plan Coverage Gap
Sponsored by Invesco
Demystifying the Language of Retirement
Find out what terms and explanations click with DC plan participants.
Retirement Industry People Moves
LCG Associates promotes former investment analyst; Hub selects new financial adviser; Advisor group adds two professionals through Securities America; and more.
Eyes on the Investment Menu
Experts share insights on the construct of a modern DC plan lineup.
Market Mirror Market Mirror Graph

Friday, the Dow closed 144.26 points (0.41%) higher at 35,208.51, the Nasdaq closed 59.36 points (0.40%) lower at 14,835.76, and the S&P 500 increased 7.42 points (0.17%) to 4,436.52. The Russell 2000 gained 11.75 points (0.53%) to finish at 2,247.76, and the Wilshire 5000 was up 37.69 points (0.08%) at 46,143.37.

The price of the 10-year Treasury note decreased 30/32, bringing its yield up to 1.308%. The price of the 30-year Treasury bond fell 2 1/32, increasing its yield to 1.954%.

For the week ending August 6, the Dow was up 0.78%, the Nasdaq climbed 1.11%, and the S&P 500 increased 0.94%. The Russell 2000 gained 0.97%, and the Wilshire 5000 finished 0.95% higher.

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