June 4th, 2018

Lawsuit Seeks to Halt Rollout of California Secure Choice Savings The Howard Jarvis Taxpayers Association wants a federal district court to halt the program, based on ERISA preemption and the possibility that home-owning Californians could be called on to pay additional taxes to support Secure Choice, which aims at opening up retirement investing opportunities. Read more > Participants in Advised SDBAs Have More Diversified Allocation A report based on data from participants in the Schwab Personal Choice Retirement Account says 18.7% of SDBA accounts were managed by an independent investment adviser. Read more > PBGC Multiemployer Insurance Program May Fold Within the Decade Over the next decade, the financial condition of PBGC’s Multiemployer Insurance Program is expected to steadily worsen, leaving very little chance that the program will remain solvent beyond the next decade Read more > Retirement Industry People Moves Principal Acquires Finance Tech Company to Offer Adviser Solutions; Voya Promotes Industry Veteran to Regional VP of Small-Mid Corporate Markets; CAPTRUST Board of Advisors Sees Leadership Changes; and more. Read more > MOST READ ARTICLES

Sponsored message from PIMCO What Retirement Consultants Think Most 401(k) consultants support additional services in plans for retirees. Download White Paper Read more > The Value of NQDC Plans Serving highly compensated employees Read more > Getting a Handle on Retirement Readiness Most firms don’t know how well-prepared—or not—their workers are. Read more > Market Mirror Friday, the Dow gained 219.37 points (0.90%) to finish at 24,635.21, the NASDAQ closed 112.22 points (1.51%) higher at 7,554.33, and the S&P 500 increased 29.35 points (1.08%) to 2,734.62. The Russell 2000 was up 14.37 points (0.88%) at 1,647.98, and the Wilshire 5000 climbed 280.16 points (0.99%) to 28,498.62.   The price of the 10-year Treasury note was down 12/32, increasing its yield to 2.902%. The price of the 30-year Treasury bond decreased 17/32, bringing its yield up to 3.052%.   WEEK’S WORTH: For the week ending June 1, the Dow was down 0.48%, while the NASDAQ gained 1.62%, and the S&P 500 was up 0.49%. The Russell 2000 finished 1.29% higher, and the Wilshire 5000 increased 0.58%.

Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850