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IRS Provides Relief for Participant Elections Required to Be Witnessed |
Notice 2020-42 provides temporary relief from the physical presence requirement for any participant election witnessed by a notary public in a state that permits remote notarization or witnessed by a plan representative using certain safeguards.
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Schwab Offers Integrated Solution for Advisers to Manage HSAs |
The firm has teamed up with health care financial services providers Optum Bank and Discovery Benefits.
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Invested in Technology |
Technology resources for retirement plans and retirement plan advisers have increased dramatically over the last decade and a half. Whether all of the new entrants to the technology space have been improvements could be debated, depending on whom you ask.
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The Risks of DC Investing |
Some risks are ‘participant experienced’ and some ‘participant controlled.’
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Market Mirror |
Wednesday, the Dow climbed 527.24 points (2.05%) to 26,269.89, the NASDAQ was up 74.54 points (0.78%) at 9,682.91, and the S&P 500 increased 42.05 points (1.36%) to 3,122.87. The Russell 2000 closed 33.88 points (2.39%) higher at 1,452.09, and the Wilshire 5000 gained 464.31 points (1.48%) to finish at 31,830.25.
The price of the 10-year Treasury note decreased 28/32, bringing its yield up to 0.752%. The price of the 30-year Treasury bond fell 1 2/32, increasing its yield to 1.542%.
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