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Balancing Fiduciary Duty With ESG Demand
Balancing Fiduciary Duty With ESG Demand
As desire for sustainable investments increases, retirement plan sponsors are still cautious about offering ESG funds while regulatory guidance is stalled.
Ask the Experts
Did the In-Service Distribution Age Change for 457(b) Plans?
“I work with a private 501(c)(3) health care organization that sponsors both a 403(b) and a 457(b) plan. We permit in-service distributions in our 403(b) at age 59.5, and would love to allow such distributions in our 457(b) plan as well for administrative and communication consistency purposes, but have always been told that the law that applies to 457(b) would not allow that. However, I recently read an article indicating that a SECURE Act-related provision would permit in-service distributions in 457(b) plans at age 59.5. Is that correct?”
Most Read
New Financial Audit Rule Increases Requirements for Plan Sponsors
2021 Recordkeeping Survey
Data and Research
Participants Missing the Full Match Remains a Big Problem
Economic Events
The Conference Board Consumer Confidence Index rose sharply again in April, following a substantial gain in March. The Index now stands at 121.7 (1985=100), up from 109.0 in March. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—soared from 110.1 to 139.6. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—rose moderately, from 108.3 last month to 109.8 in April.
Market Mirror
Tuesday, the Dow was up 3.36 points (0.01%) at 33,984.93, the Nasdaq closed 48.56 points (0.34%) lower at 14,090.22, and the S&P 500 was virtually unchanged at 4,186.72. The Russell 2000 increased 3.26 points (0.14%) to 2,301.27, and the Wilshire 5000 was virtually unchanged at 44,049.36.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.623%. The price of the 30-year Treasury bond fell 1 1/32, bringing its yield up to 2.298%.
Aon, Alight Win Judgment in Hospital PRT Lawsuit
A federal judge found Aon Hewitt acted prudently, after hearing testimony about the firm’s investment actions and contractual obligations.
Deals and People
Ascensus Leader Discusses New Private Equity Backing
Ascensus CEO David Musto says the deal is about continuing to invest in new capabilities, technology and solutions.
Small Talk
ON THIS DATE: In 1789, a mutiny on the British ship Bounty took place when a rebel crew took the ship and set sail to Pitcairn Island. The mutineers left Captain W. Bligh and 18 sailors adrift. In 1914, W.H. Carrier patented the design of his air conditioner. In 1952, the U.S. occupation of Japan officially ended when a treaty with the U.S. and 47 other countries went into effect. In 1967, boxing champion Muhammad Ali refused to be inducted into the U.S. Army and was stripped of his heavyweight title. Ali, a Muslim, cited religious reasons for his decision to forgo military service. In 1985, the largest sand castle in the world was completed near St. Petersburg, Florida. It was four stories tall. In 1992, the U.S. Agriculture Department unveiled a pyramid-shaped recommended-diet chart. In 2000, Jay Leno received a star on the Hollywood Walk of Fame.
WEDNESDAY WISDOM: “Nature does not hurry, yet everything is accomplished.”—Lao Tzu, Chinese philosopher
Industry Intel Roundup—Featured Webcasts
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
SPONSORED BY: Fidelity Information Services
New Paths to Retirement Growth and Strategies for Success
Under pressure from all sides – from clients to competitors to regulatory bodies and global events – the retirement industry is undergoing significant disruption that will define this decade. Join a panel of industry experts as they provide their perspective on these disruptions and the strategies they have in place to address them, including driving participant engagement, increasing cybersecurity, and leveraging advanced technology to drive efficiency and innovation.
PLANSPONSOR 2021 Plan Progress Series: Communicating to Boost Participant Engagement
Employees’ savings may have gotten off course due to financial impacts of the pandemic and legislation allowing for special retirement plan distributions and higher loan limits. With so many issues affecting health and finances over the past year, perhaps it’s time for a retirement savings reset.
Cybersecurity: Current Topics in Today’s Landscape
How are your retirement plan and your participant accounts protected against cyber threats? Ransomware, malware, phishing, scams and disinformation are just some of the tactics cybercriminals use to pierce the corporate shield protecting your accounts. We’ll look at today’s current corporate threat landscape: cyber fraud trends and themes and current DOL Guidance. Then we’ll peel back the veil and share some examples of how corporations investigate cybercrime, what the process is and how it’s structured, and what corporate investigative units are seeing and talking about now. Join us for a revealing examination.
SPONSORED BY: Natixis Investment Managers
ESG Investing: Fade of Future?
With the growth in assets and demand, the reality is that ESG investing is already mainstream and may well represent the future of investing. In fact, plan participants surveyed said that being able to align their investments with their personal values would encourage them to save more. 61% of retirement plan participants say ESG investments would make them more likely to contribute to their workplace retirement plan.* 83% of Millennials say they want their investments to reflect with personal values.** Join us to hear from a distinguished panel about how ESG investing is here to stay and how it can help participants increase retirement savings. You’ll learn that ESG doesn’t mean sacrificing performance, can meet participant demand, and hear examples of case studies.
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