Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO August 28th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Investing
The Future for ESG Investing in Retirement Plans
The Future for ESG Investing in Retirement Plans
The DOL says ESG integration cannot propel financial advancement. Experts say the department is wrong; plan sponsors just need education on implementation.
Administration
Tremendous Promise Foreseen for PEPs
Many retirement plan experts say they think the pooled employer plans authorized under the SECURE Act will open more doors for small businesses.
Most Read
1
2020 PLANSPONSOR National Conference
2
Are Employer-Sponsored DC Plans the Best Retirement Savings Vehicles?
3
2020 Plan Sponsor of the Year
4
2020 Plan Sponsor of the Year
5
$10M Settlement Reached in NRECA ERISA Litigation
Economic Events
Interest on a 30-year fixed-rate mortgage averaged 2.91% for the week ending August 27, down from last week when it averaged 2.99%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.58%. Interest on a 15-year fixed-rate mortgage averaged 2.46%, down from last week when it averaged 2.54%. A year ago at this time, the 15-year FRM averaged 3.06%.

In the week ending August 22, the advance figure for seasonally adjusted initial claims for unemployment insurance was 1,006,000, a decrease of 98,000 from the previous week’s revised level of 1,104,000, the Labor Department reported. The four-week moving average was 1,068,000, a decrease of 107,250 from the previous week’s revised average of 1,175,250.
Market Mirror
Thursday, the Dow climbed 160.35 points (0.57%) to 28,492.27, the NASDAQ closed 39.72 points (0.34%) lower at 11,625.34, and the S&P 500 increased 5.82 points (0.17%) to 3,484.55. The Russell 2000 was up 4.37 points (0.28%) at 1,564.56, and the Wilshire 5000 gained 72.46 points (0.20%) to finish at 35,585.41.

The price of the 10-year Treasury note decreased 27/32, bringing its yield up to 0.748%. The price of the 30-year Treasury bond fell 2 0/32, increasing its yield to 1.503%.
Compliance
Additional ESOP Valuation Litigation Targets Wilmington Trust
According to the lead plaintiff, fiduciary violations occurred when an inflated valuation provided by Wilmington Trust caused an employee stock ownership plan to buy company shares at an inflated price.
Opinions
Rewarding Workers With Company Shares During the Pandemic
In this opinion article from Sheila Frierson with Computershare, she discusses five factors to consider for rewarding front-line employees during this period of economic difficulty.
Products
Investment Product and Service Launches
Vanguard makes changes to money market fund lineup, and S&P Dow Jones Indices announces changes to the DJIA.
FinFit Savings Program Enables Company Match
Employers can match up to 100% of employees’ contributions.
Small Talk
ON THIS DATE: In 1907, “American Messenger Company” was started by two teenagers, Jim Casey and Claude Ryan. The company’s name was later changed to “United Parcel Service.” In 1963, on the steps of the Lincoln Memorial in Washington, D.C., Martin Luther King, Jr. delivered his “I Have a Dream” speech at the March on Washington for Jobs and Freedom. In 1968, at the Democratic National Convention in Chicago, thousands of Vietnam War protesters battled police in the streets. In 1972, swimmer Mark Spitz captured the first of his seven gold medals at the Summer Olympics in Munich, Germany. He set a world record when he completed the 200-meter butterfly in 2 minutes and 7/10ths of a second. In 2004, George Brunstad, at age 70, became the oldest person to swim the English Channel. The swim from Dover, England, to Sangatte, France, took 15 hours and 59 minutes.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2020 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850