See our recap of December's key statistics and market commentary below. Noteworthy Numbers 18.1% The S&P 500 lost 18.1%, its worst calendar year decline since 2008. 13% The Bloomberg U.S. Aggregate lost 13%, its worst calendar year since the inde...
December
16
2022
If you’re older than a certain age, you’re familiar with the tagline, “Roaches check in, but they don’t check out.” It’s kind of like that in a 401(k) plan. You can easily check your money in (contribute to the plan), but it can be hard to check it o...
December
06
2022
See our recap of November's key statistics and market commentary below. Noteworthy Numbers -4.73 The Invesco DB US Dollar Bullish ETF fell 4.73% in the month of November, its worst monthly return since 2010. 14.85 The MSCI Emerging Markets Index retu...
November
21
2022
A Guide to SIMPLE IRAs and 401(k)s for TPAs
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning, Third Party Administration, TPA, SIMPLE, IRA, SEP, Roth
with No Comments
Note: The SECURE 2.0 Act of 2022 made several changes to the rules related to SIMPLEs. Accordingly, some of the information in this article may be outdated. In the retirement plan world, SIMPLE stands for Savings Incentive Match PLan for Employees. T...
November
04
2022
See our recap of October's key statistics and market commentary below. Noteworthy Numbers 4.55 The yield on the U.S. 2 Year Treasury peaked at 4.55% in October before finishing the month at 4.51%. This is its highest level since August 2007. 14.07 Th...
October
28
2022
Qualified Plan and Social Security Limits to Rise by Record Amounts in 2023
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), defined contribution, defined benefit, irs, pbgc, social security, retirement plan, qualified plan
with No Comments
When the new Social Security benefit amounts and qualified retirement plan limits are announced in early fall each year, usually not all of them will rise in any given year because of how the limits are rounded down to the next lower multiple. Due to...
October
18
2022
Last week, CEO Sandy Wiggins joined Bill Fitzgerald of CBS6 to discuss the current volatility in the market. Check out the video below for the full interview. You can also click here to see CBS6's write-up of the interview.
October
10
2022
See our recap of September's key statistics and market commentary below. Noteworthy Numbers 3 The Federal Reserve increased the Federal Funds Rate by 75 basis points to 3.00% in September; this is the highest the benchmark rate has been since January...
September
08
2022
See our recap of August's key statistics and market commentary below. Noteworthy Numbers 11.2 The Job Opening and Labor Turnover Survey, commonly known as JOLTS, showed that there were 11.2 million job openings in July, and only 5.6 million looking f...
August
04
2022
See our recap of July's key statistics and market commentary below. Noteworthy Numbers 9.22% The S&P 500 had a total return of 9.22% in July, the best monthly return since November 2020. -0.9% U.S. GDP declined at an annualized rate of 0.9% in th...