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Large Employers Increase Focus on Workers’ Health and Well-Being
Large Employers Increase Focus on Workers’ Health and Well-Being
Despite rising health care costs, employers expect to cover 82% of the cost of employee coverage in 2022, up from 80% the year before, research shows.   
Retirement Plans Outperformed the S&P 500 During a Volatile Second Quarter
401(k) savings rates remained near record levels.
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UAW Members Ratify Contracts With Big 3 Automakers
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Can a Plan Sponsor Limit Hardship Distributions?
Deals and People
Nomination Period Open for 2024 Plan Sponsor of the Year Awards
New orders for manufactured durable goods in July decreased less than $0.1 billion to $273.5 billion, the U.S. Census Bureau reported. This decrease, following four consecutive monthly increases, followed a 2.2% June increase. Excluding transportation, new orders increased 0.3%. Excluding defense, new orders increased 1.2%. Transportation equipment, down following three consecutive monthly increases, drove the decrease, falling $0.6 billion or 0.7% to $93.0 billion.
Wednesday, the Dow was up 59.64 points (0.18%) to close at 32,969.23, the Nasdaq increased 50.23 points (0.41%) to 12,431.53 and the S&P 500 was up 12.04 points (0.29%) to 4,140.77. The Russell 2000 extended 16.14 points (0.84%) to close at 1,935.29 and the Wilshire 5000 increased 171.30 points (0.42%) to 41,395.70.

The price of the 10-year Treasury note decreased 27/32 bringing the yield up to 3.112%. The price of the 30-year Treasury bond decreased 1 23/32 bringing the yield up to 3.317%.
Florida Governor Bars State Funds From ESG Investing
DeSantis contends that applying climate and racial sensitivity to asset allocation could harm financial performance.
Plaintiffs Claim AME Church Plan Is Subject to ERISA
A consolidated class action complaint claims that the church’s 401(k) plan elected to be governed by the Employee Retirement Income Security Act. 
ON THIS DATE: In 1718, hundreds of colonists from France arrived in Louisiana with some settling in present-day New Orleans. In 1814, the U.S. Library of Congress was destroyed by British forces. In 1825, Uruguay declared independence from Brazil. In 1916, the National Park Service was established as part of the U.S. Department of the Interior by President Woodrow Wilson when he signed the Organic Act. In 1920, Ethelda Bleibtrey won the 100-meter freestyle swimming competition in Antwerp, Belgium. She was the first woman to win an Olympic competition for the U.S. In 1939, The Wizard of Oz, which became one of the best-loved movies in history, opened in theaters around the U.S. In 1944, some two months after the Allied invasion of Normandy, Paris was liberated from German occupiers as the Free French 2nd Armored Division under General Jacques-Philippe Leclerc entered the city. In 2012, astronaut Neil Armstrong—who was the first person to set foot on the Moon, an event he described as “one small step for [a] man, one giant leap for mankind”—died at age 82.
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