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PLANSPONSOR NEWSDASH LOGO August 19th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Climate Change and Benchmarking Risk for Retirement Plans
Climate Change and Benchmarking Risk for Retirement Plans
Experts discuss how to conduct climate-change analysis and whether such an inquiry is a fiduciary duty, as forces are aligning in support for greater inclusion of such analysis in retirement plan management.
Webinar
Webinar Today: Benchmarking Your Recordkeeper
Join PLANSPONSOR TODAY for a webinar in which industry sources will discuss what plan and participant needs to take into consideration when benchmarking recordkeepers; the differences between a request for information (RFI) and a request for proposals (RFP) and when plan sponsors need to issue one; and where to find information to help plan sponsors benchmark their recordkeeper.
Most Read
Participants
What Participants Want From Employers’ Retirement Plan Websites
Research
2021 Recordkeeping Survey
Inside Angle
DOL’s Next Moves
SPONSORED BY: Fidelity Investments
The Impact of 2020 on Retirement
How has 2020 affected the way we look at retirement?
Economic Events
Privately‐owned housing starts in July were at a seasonally adjusted annual rate of 1,534,000, the Census Bureau announced. This is 7.0% below the revised June estimate of 1,650,000 but is 2.5% above the July 2020 rate of 1,497,000. Single‐family housing starts in July were at a rate of 1,111,000; this is 4.5% below the revised June figure of 1,163,000. The July rate for units in buildings with five units or more was 412,000.
Market Mirror
Wednesday, the Dow lost 382.59 points (1.08%) to finish at 34,960.69, the Nasdaq closed 130.27 points (0.89%) lower at 14,525.91, and the S&P 500 decreased 47.81 points (1.07%) to 4,400.27. The Russell 2000 was down 18.39 points (0.84%) at 2,158.78, and the Wilshire 5000 fell 443.44 points (0.96%) to 45,556.54.

The price of the 10-year Treasury note was unchanged, with its yield down to 1.262%. The price of the 30-year Treasury bond increased 28/32, bringing its yield down to 1.902%.
Compliance
Court Finds Board Approval Not Needed for Exec to Get SERP Benefits
Although it was a longstanding practice for the trustees of the Young Adult Institute to vote on executives’ entry into the plan, an appellate court found that practice went against the plain language of the plan document.
Products
Schwab Retirement Plan Services Releases Online Financial Guide
The interactive tool comes after an annual survey of 401(k) participants found workers want more help saving and planning for retirement.
Small Talk
ON THIS DATE: In 1909, the first race was held at the Indianapolis Motor Speedway, now the home of the Indianapolis 500. In 1929, “Amos and Andy,” the radio comedy program, made its debut on NBC starring Freeman Gosden and Charles Correll. In 1940, the new Civil Aeronautics Administration awarded honorary license No. 1 to Orville Wright. In 1946, William Jefferson Blythe III, who would be elected as the 42nd president of the United States, was born in Hope, Arkansas. His father died in a car accident before he was born, and when he was young, he took the last name of his stepfather, Roger Clinton. In 1999, Lorne Michaels received a star on the Hollywood Walk of Fame. In 2004, Google Inc. stock began selling on the Nasdaq stock market. The initial price was set at $85 and ended the day at $100.34 with more than 22 million shares traded.

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