Selecting and monitoring a retirement plan provider for your business is an important task. But once you’ve chosen your provider, it’s equally as important to evaluate their performance regularly to ensure you and your employees are getting the service you deserve. The right 401(k) provider won’t only reduce administrative headaches– they’ll also boost employee morale and improve retention.
Welcome to Fall. As the final quarter of 2019 begins, we reflect on the closing months of summer and look forward to the months ahead. Market returns were mixed. To date, large company stocks, as measured by the S&P 500, gained 1.70% on the quarter and are up an astonishing 20.55% on the year. Small company and international stocks saw more modest returns and struggled in the 3rd quarter. The Russell 2000, a common small company index, declined 2.41% in the third quarter but is up 14.15% year to date. The MSCI EAFE, a common index for international stocks, slipped 1.00% in the most recent quarter but is up 13.39% year to date. Bonds experienced excellent returns as interest rates continued to fall. Bonds returned 2.27% during the quarter and are up 8.52% year to date as indicated by the Barclays Aggregate Bond Index.