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Quarterly Economic Perspective – Fall 2014

Quarterly Economic Perspective After contracting 2.1% in Q1, the U.S. economy grew at an annual rate of 4.6% during the second quarter. The Bureau of Economic Analysis said increases in consumer expenditures, exports, business spending on equipment, and spending by both state and local governments were major contributors to the growth. Meanwhile, after-tax corporate profits …

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QUARTERLY MARKET REVIEW: JULY-SEPTEMBER 2014

Volatility returned to equities markets in Q3. A strong August was followed by losses in September, when any rallies began to focus around selected winners rather than benefiting stocks across the board. Investors exhibited a decided preference for large caps; the S&P 500 closed above 2,000 for the first time ever and the Dow industrials …

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DOL Guidance on Finding Missing Participants in Terminated Defined Contribution Plans

The Department of Labor (DOL) issued a new Field Assistance Bulletin (FAB) 2014-01 on August 14, 2014 outlining the steps that a plan fiduciary should take to locate missing participants or beneficiaries. This new FAB replaces DOL’s FAB 2004-02. The major change in this new FAB is that DOL has removed the Internal Revenue Service …

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Economic Perspective – August 2014

The Month in Review The U.S. economy grew slightly faster during the second quarter than previously thought. The Bureau of Economic Analysis said the 4.2% initial estimate of gross domestic product was revised upward from 4% primarily because of an increase in the value of commercial construction and business investment in equipment. Meanwhile, corporate after-tax …

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Market Recap: August 2014

Investors regained an appetite for risk in August, seeming to focus on generally encouraging Q2 economic data and corporate earnings reports rather than tensions overseas. The optimism took the S&P over 2,000 for the first time and gave the index its 32nd record close of 2014. Both the Dow industrials and the small caps of …

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