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Insight on Plan Design & Investment Strategy Every Weekday
Investment Focus
A Time for Caution
A Time for Caution
Stable value is a popular conservative option.
Data and Research
Canadian Pensions Offer Lessons for U.S. Plan Sponsors
Many Canadian funds manage assets in-house, redeploy resources to investment teams and focus on liability hedging.
Most Read
2021 DC Plan Benchmarking Survey
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Data and Research
2022 Retirement Industry Trends to Follow
Economic Events
New orders for manufactured durable goods in July increased $23.2 billion or 11.2% to $230.7 billion, the U.S. Census Bureau announced. This increase, up three consecutive months, followed a 7.7% June increase. Excluding transportation, new orders increased 2.4%. Excluding defense, new orders increased 9.9%. Transportation equipment, also up three consecutive months, led the increase, $19.6 billion or 35.6% to $74.7 billion.
Market Mirror
Wednesday, the Dow was up 83.48 points (0.30%) at 28,331.92, the NASDAQ climbed 198.59 points (1.73%) to 11,665.06, and the S&P 500 gained 35.11 points (1.02%) to finish at 3,478.73. The Russell 2000 decreased 11.02 points (0.70%) to 1,560.19, and the Wilshire 5000 closed 334.52 points (0.95%) higher at 35,512.91.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.694%. The price of the 30-year Treasury bond decreased 4/32, bringing its yield up to 1.414%.
Colgate May Have to Make Additional Payments to Retirees
A court ordered Colgate-Palmolive to recalculate benefits paid to certain retirees from its cash balance plan but stayed the relief to allow time for an appeal.
Supreme Court Asked to Weigh in on Multiemployer Plan Withdrawal Liability for PE Firms
A multiemployer pension fund argues that an appellate court decision shields private equity firms that take on a withdrawing employer from withdrawal liability.
Plan Profile
A Defining Moment
This plan sponsor’s voluntary benefits are healing in the pandemic.
Small Talk
ON THIS DATE: In 1859, the first oil well was successfully drilled in the U.S. by Colonel Edwin L. Drake near Titusville, Pennsylvania. In 1908, future President Lyndon Baines Johnson was born on a farm near Stonewall, Texas. In 1921, the owner of Acme Packing Company bought a pro football team for Green Bay, Wisconsin. J.E. Clair paid tribute to those who worked in his plant by naming the team the Green Bay Packers. In 1955, the first edition of “The Guinness Book of Records” was published in Great Britain. In 1998, James Brolin received a star on the Hollywood Walk of Fame. In 1998, “Titanic” became the first movie in North America to earn more than $600 million. In 2001, work began on the future site of a World War II memorial on the capital’s historic national Mall between the Washington Monument and the Lincoln Memorial.
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