Monthly Recap – May 2010

May . . . At A Glance

Stocks were slammed across the board in May as we officially entered a market correction. Investors were concerned about European debt issues creating a worldwide slowdown and European stocks led the way, although risk was punished throughout the markets.

Volatility, a way to measure fear, spiked in the market and was exemplified by the May 6 “Flash Crash”. The mechanics of the drop in the market are still unknown, but investors need to come to terms with periods of spiking volatility. A flight to safety buoyed high quality bonds but junk bonds were not spared.

For further analysis of the current market, see our video here.
Market Correction . . . or Next Recession?

3 Ways To Achieve A Great Retirement

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Did You Know?

Did you know the IRS is starting a compliance check on 401(k) plans? That’s right, if you have a 401(k) plan for your employees, you should absolutely be aware of this.

The IRS is starting a compliance check…1200 Plan Sponsors/Business Owners will be getting surveys to fill out for the IRS to determine 401(k) plan compliance. The IRS explains that it is a “compliance check”, not an audit.

We manage 401(k) plans with fully disclosed fees and take care of the Investment Policy Statement, fund selection, and more. As we are a lean organization, we can do this and save your company money for plans that are between $500K-$10M in size. The Department of Labor suggests taking your plan to bid every 3 years to satisfy your fiduciary duty. Call today, it only takes a half hour of your time for a side-by-side comparison; most business owners aren’t aware of the hidden fees in their current plans! Our comparison is priced at $399, but we will waive the fee for the month of June.

Our mission is to manage our clients’ financial matters in a manner that allows them to focus on their families, their businesses, and their lives.

Clint Edgington, CFA Partner Beacon Hill Investment Adivsory	Mark Fissel, RFC Partner Beacon Hill Investment Adivsory