Industry Movers

David A. Macchia

David A. Macchia

President and CEO, Wealth2k, Inc.



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IMHO: Trend Spotting

January 5, 2009—Here’s a headline you won’t see this week: “Nobody Cut Their 401(k) Match Today.”

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Compliance

Florida Toughens Laws for Annuity Fraudsters

January 5, 2009—A Florida law that went into effect January 1 includes stronger suitability requirements that agents must meet when selling an annuity to a consumer.

Investing

College Savings Plans Hit Hard by Oppenheimer Fund Loss

January 5, 2009—Parents’ savings for their children’s college educations took a big hit as a bond fund offered by at least four state 529 plans lost more than a third of its value last year.

Investing

NCR Reduces 401(k) Match

January 5, 2009—An unconfirmed memo by NCR Corp.’s CEO said effective immediately the company will reduce its employer match for 401(k) plan participants.

Investing

GateHouse Media Discontinues 401(k) Match

January 5, 2009—GateHouse Media has become the latest company to suspend its 401(k) match, according to a report in Editor & Publisher.

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