Sponsored message from Invesco | The Forgotten Participant | Examining defined contribution participant investing behaviors and decision-making.
Read more > | | Ways to Help Your Clients Protect Against Cybersecurity Threats | Joe Brummel and his colleagues at Strategic Retirement Partners (SRP), in Minneapolis, were already checking as to recordkeepers’ data-security policies and procedures. But the need for such provisions hit home for the SRP managing director when, two years ago, someone tried to make a fraudulent $330,000 withdrawal from an account in a client’s plan.
Read more > | | MEPs and PEPs | The SECURE Act, beginning in 2021, allows for the creation of PEPs, which are closer to the open MEPs many advisers had envisioned making available to employers. A PEP is a single plan under the Employee Retirement Income Security Act (ERISA) and need file only one Form 5500 and receive only one annual audit by an independent Certified Public Accountant (CPA).
Read more > | | Market Mirror | Yesterday, the Dow lost 582.05 points (3.04%) to finish at 18,591.93, the NASDAQ was down 18.84 points (0.27%) at 6,860.67, and the S&P 500 decreased 67.52 points (2.93%) to 2,237.40. The Russell 2000 fell 56.35 points (5.32%) to 1,002.40, and the Wilshire 5000 closed 617.44 points (2.67%) lower at 22,465.02.
The price of the 10-year Treasury note was up 9/32, decreasing its yield to 0.766%. The price of the 30-year Treasury bond increased 2 25/32, bringing its yield down to 1.332%.
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