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PLANSPONSOR NEWSDASH LOGO August 13th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Revisiting Wellness
Revisiting Wellness
How to present financial subjects in a light that engages employees now.
Deals and People
Principal-Wells Fargo Integration on Track for 2021 Completion
Remaining clients still on the Wells Fargo platform can expect to be transferred to the Principal platform by the end of next year.
Most Read
1
2020 PLANSPONSOR National Conference
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Are Employer-Sponsored DC Plans the Best Retirement Savings Vehicles?
3
2020 Plan Sponsor of the Year
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2020 Plan Sponsor of the Year
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$10M Settlement Reached in NRECA ERISA Litigation
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Economic Events
In July, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6% on a seasonally adjusted (SA) basis; rising 1.0% over the last 12 months, not seasonally adjusted (NSA), the Bureau of Labor Statistics reported. The index for all items less food and energy rose 0.6% in July, SA; up 1.6% over the year, NSA.

Real average hourly earnings decreased 0.4% over the month in July, SA. Average hourly earnings increased 0.2% and CPI-U increased 0.6%. Real average weekly earnings decreased 0.6% over the month.
Market Mirror
Wednesday, the Dow increased 289.93 points (1.05%) to 27,976.84, the NASDAQ climbed 229.42 points (2.13%) to 11,012.24, and the S&P 500 gained 46.66 points (1.40%) to finish at 3,380.35. The Russell 2000 was up 8.15 points (0.52%) at 1,583.25, and the Wilshire 5000 closed 461.91 points (1.36%) higher at 34,525.86.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 0.667%. The price of the 30-year Treasury bond decreased 30/32, bringing its yield up to 1.364%.
Data and Research
Roth IRAs Popular Among Younger Retirement Savers
Katie Taylor, with Fidelity Investments, shares the reasons for the appeal and why plan sponsors should tout Roth accounts they offer in their plans.
Employers Making Accommodations As Businesses Reopen
Remote work accommodations can help prevent early retirements for workers at risk, and employers need to adjust retirement planning communications for those who work from home.
Events
Plan Progress Webinar: Distribution Options for Employees
Join PLANSPONSOR and retirement industry experts Thursday, August 20, for a webinar in which you will learn what changes have been made to hardship withdrawal and required minimum distribution (RMD) rules; how to determine whether to offer hardship withdrawals and loans in your plan; what distribution options may be offered in your plan to help retiring participants create an income stream for life; and what elements to include in communications about different distribution types to help participants make decisions that will not hurt their retirement outcomes.
Small Talk
ON THIS DATE: In 1784, the United States Legislature met for the final time in Annapolis, Maryland. In 1889, a patent for a coin-operated telephone was issued to William Gray. In 1942, Walt Disney’s “Bambi” opened at Radio City Music Hall in New York City. In 1961, Berlin was divided by a barbed wire fence to halt the flight of refugees. Two days later work on the Berlin Wall began. In 1995, former New York Yankees star Mickey Mantle died of liver cancer at the age of 63.
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