Fringe Benefit Group
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Greenline Wealth Management
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Regional Sales Director (West) July Business Services
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Defined Contribution Account Manager Nova 401(k) Associates
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Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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Great Lakes Pension Associates, Inc.
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Pollard & Associates
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Retirement Solutions Specialists
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July Business Services
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July Business Services
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New York City District Council of Carpenters Benefit Funds
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Retirement Planners and Administrators (RPA)
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For Risk-Averse 401(k) Participants, the Usual Havens of Money-Market, Stable-Value and Short-Term Bond Funds Pose New Risks
The Wall Street Journal; subscription may be required May 4, 2009 Excerpt: [A]ll of these supposedly stodgy investments have come under serious strain in the financial crisis. In September, a money-market fund that held Lehman Brothers debt fell below the sacrosanct $1 level, sparking massive withdrawals from certain money funds. In recent months, at least two stable-value funds have dished up losses to retirement-plan investors. And a number of short-term bond funds posted large declines last year as mortgage-related holdings hit the skids. 'There's no vehicle that's absolutely safe in today's world,' says Mike Francis, president and chief investment officer of Francis Investment Counsel LLC, a retirement-plan consulting firm in Pewaukee, Wis. |
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