Defined contribution industry insiders are speaking out against a federal proposal that could have a significant impact on 401(k)s and other DC plans. Tim Friday, CEO of American Trust Custody, and Michele Coletti, chief operating officer of American Trust Custody,...
Market Data as of Week Ending: 6/9/2023 unless noted otherwise Major U.S. stock indexes ended the week higher as the S&P 500 Index established a new bull market, up more than 20% off its lows in October of last year. Most of the bull market has been narrowly led...
The AmericanTCS 401(k) benchmark generated a return of 5.37% in the first quarter of 2023. Although it trailed the Nasdaq and the S&P 500, the AmericanTCS 401(k) benchmark greatly outperformed the Dow Jones Industrial average. This solid performance is a testament...
Market Data as of Week Ending: 6/2/2023 unless noted otherwise U.S. stock prices ended the holiday-shortened week higher as debt ceiling negotiations and strong jobs data sent the S&P 500 to its highest intraday level since mid August 2022. In contrast with recent...
Market Data as of Week Ending: 5/26/2023 unless noted otherwise U.S. stock prices were mixed last week as investors grappled with concerns about the debt ceiling, stubbornly high inflation, and a resilient U.S. consumer. The trend of outperformance for growth stocks...
Market Data as of Week Ending: 5/19/2023 unless noted otherwise U.S. stock prices were able to move higher last week as investors showed optimism that a resolution on the debt ceiling will be met ahead of the House vote. The S&P 500 ended the week 1.71% higher and...
Market Data as of Week Ending: 5/12/2023 unless noted otherwise U.S. stock prices were mixed as inflation remains elevated and debt ceiling negotiations intensified. Quarterly earnings have been better than expected (78% have reported a positive EPS surprise) as we...
Market Data as of Week Ending: 5/5/2023 unless noted otherwise Volatility increased and U.S. stock prices delivered mixed results following another bank failure and the Fed’s decision to raise policy rates for the tenth consecutive meeting. Quarterly earnings have...
Market Data as of Week Ending: 4/28/2023 unless noted otherwise Equities U.S. stock prices were mixed as investors grapple with uncertainty around the economic outlook, the U.S. debt ceiling, and the Fed’s policy meeting. In the last week of April, 35% of S&P 500...
Mid Atlantic is pleased to announce it has finalized a deal with PensionPro, the leader in TPA workflow automation software, to become part of its trust and retirement services division