| Sponsored message from Mass Mutual | | Why COLI? Why MassMutual? | | Interview with Mark Laramee Managing Director of COLI Sales, Institutional Solutions.
Read more > | | | Men as Advocates | | Given the increase in women joining the workforce, and today’s focus on diversity and inclusion, it’s more important than ever that we in the retirement industry work together to foster employing women in our firms. Women in Pensions Network (WiPN) recently launched “Men as Advocates” to give men the opportunity to get more involved in our mission: to help women succeed at all levels of the industry.
Read more > | | | MEPs and PEPs | | The pooled plan provider acts as the PEP’s plan administrator and may act as the plan’s named fiduciary for purposes of ERISA, effectively assuming those responsibilities from the participating employers. For the adviser, to manage and administer a single PEP could be much more efficient than managing and administering multiple, small retirement plans.
Read more > | | | Market Mirror | | Yesterday, the Dow gained 690.70 points (3.19%) to finish at 22,327.48, the NASDAQ closed 271.77 points (3.62%) higher at 7,774.15, and the S&P 500 increased 85.18 points (3.35%) to 2,626.65. The Russell 2000 was up 26.33 points (2.33%) at 1,158.32, and the Wilshire 5000 climbed 774.80 points (3.04%) to 26,275.37.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.688%. The price of the 30-year Treasury bond decreased 1 25/32, bringing its yield up to 1.314%.
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