| Sponsored message from MassMutual Investments | | From Fiduciary 2.0 to 3.0–Carving Out a Role for Advisers As Chief Governance Officer | | Interview with Mark Cover, Head of Defined Contribution Investment Only Field Sales for MassMutual Investments and John Carl, founder and President of the Retirement Learning Center
Read more > | | | 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 > | | | Latest Relief Package Extends Provisions for Small Business Employers | | PPP Second Draw Loans will also be available to CFIs beginning January 13. The SBA indicated that First and Second Draw PPP loans will be open to all participating lenders “shortly thereafter.”
Read more > | | | Market Mirror | | Wednesday, the Dow was down 8.22 points (0.03%) at 31,060.47, the NASDAQ closed 56.52 points (0.43%) higher at 13,128.95, and the S&P 500 increased 8.65 points (0.23%) to 3,809.84. The Russell 2000 lost 15.99 points (0.75%) to finish at 2,111.97, and the Wilshire 5000 was up 33.06 points (0.08%) at 40,338.06.
The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.093%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 1.826%.
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