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...
The name change of Mid Atlantic Trust Company to American Trust Custody is part of the previously announced launch of AmericanTCS, which brings together all of the trust, custody and retirement operations of EdgeCo Holdings under a single umbrella.
The Dow Jones Industrial Average and S&P 500 rose sharply during the fourth quarter — up over 16% and 7.5% respectively. This was in contrast to the previous three quarters of the year when all three major indices declined. The Nasdaq fell slightly in Q4, down...
The new brand brings together the Trust, Custody and Retirement operations EdgeCo has acquired over the past four years under a single banner. EdgeCo Holdings, LP (“EdgeCo”) is pleased to announce the launch of AmericanTCS, aligning the trust, custody and...
After three straight years of positive annual returns, 401(k) participants face a nearly 18% decline as we hit the halfway point of 2022. Just two years ago, as the pandemic took hold across the globe, 401(k) participants watched their account balances get walloped....
If the typical 401(k) participant will see a fourth consecutive year of gains, it will require making up for almost a 6% Q1 loss out of the gate. After a relatively steady year of returns in 2021 and three straight years of positive returns, the Mid Atlantic Trust...
For the first quarter of 2021, the Mid Atlantic Trust Company 401(k) Benchmark produced a positive return of 3.69%. This is the fourth consecutive quarter with positive returns for the Benchmark, bringing the total 12-month return up to 41.97% and the hypothetical...
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
When all was said and done and the books were closed on 2020, the Mid Atlantic Trust Company Composite Benchmark finished in positive territory in three out of four quarters, providing the hypothetical 401(k) investor with a positive return for the year. While things...
Paychex Introduces a Pooled Employer Plan, A New Cost-Effective Retirement Plan for U.S. Businesses and Their Employees The Pooled Employer Plan (PEP), an outcome of the SECURE Act, will expand retirement plan access by offering a cost-effective retirement savings...