| Are You a QPAM? | | As a reminder, Section 406(a) states that a plan fiduciary should not cause a plan to enter into certain enumerated transactions with a party in interest. These prohibited transactions include, for example, the sale or exchange, or leasing, of any property; the lending of money or other extension of credit; and the transfer to, or use by or for the benefit of, a party in interest, of any assets of the plan.
Read more > | | | Expanded Plan Access | | “PEPs won’t take over the small plan universe, but this is big,” says Pete Swisher, president of Waypoint Fiduciary in Versailles, Kentucky.
Read more > | | | PLANADVISER Practice Benchmarking Survey | | Our definitive annual report on how retirement plan advisers run their practices, particularly with respect to recommending funds, providing individual advice to plan participants and serving as a fiduciary.
Read more > | | | Market Mirror | | Wednesday, the Dow increased 61.97 points (0.20%) to 31,437.80, the Nasdaq closed 35.16 points (0.25%) lower at 13,972.53, and the S&P 500 was down 1.35 points (0.03%) at 3,909.88. The Russell 2000 lost 7.31 points (0.32%) to finish at 2,282.44, and the Wilshire 5000 decreased 13.77 points (0.03%) to 41,833.28.
The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.128%. The price of the 30-year Treasury bond increased 29/32, bringing its yield down to 1.915%.
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