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PLANSPONSOR NEWSDASH LOGO August 23rd, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
People Like ‘Guaranteed Income’ Over an ‘Annuity’
People Like ‘Guaranteed Income’ Over an ‘Annuity’
Not only does a name change increase the appeal of annuities, but framing them as insurance against running out of money in retirement does even more so.
Administration
Plan Progress Webinar: Benchmarking Your Recordkeeper
Experts discussed what to evaluate when benchmarking recordkeepers, the differences between an RFI and an RFP and what to ask about cybersecurity processes.
Most Read
Research
2021 Recordkeeping Survey
Benefits
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
Investing
Considering the Arguments for and Against Actively Managed Funds in DC Plans
Economic Events
Today, the National Association of Realtors will report about existing home sales for July, and tomorrow the Census Bureau will report about new home sales for July. Wednesday, the Census Bureau will report about durable goods orders for July. Thursday, the Labor Department will issue its initial claims report, and Freddie Mac will update average mortgage rates for the week.
Market Mirror
Friday, the Dow gained 225.96 points (0.65%) to finish at 35,120.08, the Nasdaq closed 172.88 points (1.19%) higher at 14,714.66, and the S&P 500 increased 35.87 points (0.81%) to 4,441.67. The Russell 2000 was up 35.18 points (1.65%) at 2,167.60, and the Wilshire 5000 climbed 410.81 points (0.90%) to 45,908.47.

The price of the 10-year Treasury note decreased 23/32, bringing its yield up to 1.261%. The price of the 30-year Treasury bond was up 1/32, decreasing its yield to 1.873%.

For the week ending August 20, the Dow lost 1.11%, the Nasdaq decreased 0.73%, and the S&P 500 was down 0.59%. The Russell 2000 fell 2.50%, and the Wilshire 5000 finished 1.01% lower.
Compliance
Lawsuit Says Baptist Health South Florida Didn’t Follow IPS
The claims are typical of excessive fee lawsuits, but the plaintiffs’ lawyers attempt to cover their bases by addressing issues that have caused claims in other suits to be dismissed.
Deals and People
Retirement Industry People Moves
Principal announces executive promotions; Aegon appoints chief technology officer; Mutual of Omaha Retirement Services promotes two; and more.
Small Talk
ON THIS DATE: In 1926, silent-screen actor Rudolph Valentino died at the age of 31. In 1945, Marcario García became the first Mexican national to receive the U.S. Medal of Honor. He had landed on the beaches of Normandy and been wounded in battle fighting with the U.S. Army. In 1947, the first Little League World Series champion—Maynard, a team from Williamsport, Pennsylvania—was crowned. In 1959, in the Peanuts comic strip, Sally debuted as an infant. In 1962, the first live TV program was relayed between the U.S. and Europe through the U.S. Telstar satellite. In 1989, as punishment for betting on baseball, Cincinnati Reds manager Pete Rose accepted a settlement that included a lifetime ban from the game. In 1999, rescuers in Turkey found a young boy that had been buried in rubble from an earthquake for about a week.
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