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PLANSPONSOR NEWSDASH LOGO August 27th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Benefits
Essentials to Limit Loans and Hardship Withdrawals
Essentials to Limit Loans and Hardship Withdrawals
Plan sponsors should educate their employees about distributions, and they can help their workers set up emergency savings accounts to avoid tapping into retirement funds.
Benefits
As Delta Concerns Grow, Workforces Are Rethinking Open Enrollment
The new variant is causing some employers and employees to reconsider their priorities for 2022 benefit selections.
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
SPONSORED BY: Franklin Templeton
Retirement Reimagined
To see how retirement is evolving, view results from Franklin Templeton’s “Voice of the American Worker” survey.
Economic Events
Interest on a 30-year fixed-rate mortgage (FRM) averaged 2.87% for the week ending August 26, up slightly from last week when it averaged 2.86%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 2.91%. Interest on a 15-year FRM averaged 2.17%, up slightly last week when it averaged 2.16%. A year ago at this time, the 15-year FRM averaged 2.46%.

In the week ending August 21, the advance figure for seasonally adjusted initial claims for unemployment insurance was 353,000, an increase of 4,000 from the previous week’s revised level of 349,000, the Labor Department reported. The four-week moving average was 366,500, a decrease of 11,500 from the previous week’s revised average of 378,000. This is the lowest level for this average since March 14, 2020, when it was 225,500.
Market Mirror
Thursday, the Dow was down 192.38 points (0.54%) at 35,213.12, the Nasdaq closed 96.05 points (0.64%) lower at 14,945.81, and the S&P 500 decreased 26.19 points (0.58%) to 4,470.00. The Russell 2000 fell 25.29 points (1.13%) to 2,213.98, and the Wilshire 5000 lost 304.63 points (0.65%) to finish at 46,380.66.

The price of the 10-year Treasury note was unchanged, with its yield up to 1.352%. The price of the 30-year Treasury bond increased 24/32, bringing its yield down to 1.948%.
Opinions
Developing a Prudent Process for Cybersecurity
Principals with Groom Law Group discuss steps retirement plan sponsors can take to avoid or be prepared for a DOL cybersecurity audit.
Products
Investment Product and Service Launches
Vanguard adds active equity funds to Personal Advisor Services solution, and John Hancock introduces mortgage-backed securities ETF.
SPONSORED BY: Franklin Templeton
Retirement Survey Results
Franklin Templeton’s “Voice of the American Worker” survey reveals how the concept of retirement is changing today.
Small Talk
ON THIS DATE: In 1883, the most powerful volcanic eruption in recorded history occurred on Krakatoa (also called Krakatau), a small, uninhabited volcanic island located west of Sumatra in Indonesia. 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,” now known as “Guinness World Records,” was published in Great Britain. In 1984, President Ronald Reagan announced that the first citizen to go into space would be a teacher. 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 U.S. capital’s national Mall.

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