August 5th, 2021 Insight on Plan Design & Investment Strategy Every Weekday UpFront The Compounding Effect—in Reverse The pandemic may be lessening, but the long-term financial effect for some, especially women, will remain. Administration Standard Agreements Aim to Make PRTs More Efficient The pension risk transfer trend is expected to continue, though most transactions are implemented by large companies, and transferring pension obligations isn’t right for every plan sponsor. Most Read Participants What Participants Want From Employers’ Retirement Plan Websites Research 2021 Recordkeeping Survey Inside Angle DOL’s Next Moves SPONSORED BY: MetLife Getting the Most Value From HSAs Employees believe an HSA program benefit will ease their stress and improve their well-being. Market Mirror Wednesday, the Dow lost 323.73 points (0.92%) to finish at 34,792.67, the Nasdaq was up 19.24 points (0.13%) at 14,780.53, and the S&P 500 closed 20.49 points (0.46%) lower at 4,402.66. The Russell 2000 fell 27.26 points (1.23%) to 2,196.32, and the Wilshire 5000 decreased 195.50 points (0.43%) to 45,762.46. The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.161%. The price of the 30-year Treasury bond increased 4/32, bringing its yield down to 1.830%. Compliance Plaintiffs in Excessive Fee Suit Overcome Hurdles to Move the Case Forward The participants’ claims regarding Omnicom’s continued use of an active TDF suite were found plausible, and a judge left until later the issue of whether passively managed funds and actively managed funds are proper comparators. UpFront For DB Plans, Inflation Has an Upside Plan sponsors actually benefit, as their plan’s liabilities decline along with the value of the dollar. Small Talk ON THIS DATE: In 1858, after several unsuccessful attempts, the first telegraph line across the Atlantic Ocean was completed. In 1884, on Bedloe’s Island in New York Harbor, the cornerstone for the Statue of Liberty was laid. In 1914, the first electric traffic signal lights were installed in Cleveland, Ohio. In 1921, the first cartoon to win a Pulitzer Prize, “On the Road to Moscow,” by Rollin Kirby, was published in the “New York World.” In 1923, Henry Sullivan became the first American to swim across the English Channel. In 1924, the New York “Daily News” debuted the comic strip “Little Orphan Annie,” by Harold Gray. In 1962, movie actress Marilyn Monroe was found dead in her home in Los Angeles. In 1969, the Mariner 7, a U.S. space probe, passed by Mars, sending photographs and scientific data back to Earth. In 1976, the National Basketball Association (NBA) merged with its rival, the American Basketball Association (ABA), and took on the ABA’s four most successful franchises: the Denver Nuggets, the Indiana Pacers, the New York (later Brooklyn) Nets and the San Antonio Spurs. In 2011, NASA announced that its Mars Reconnaissance Orbiter had captured photographic evidence of possible liquid water on Mars during warm seasons. SURVEY SAYS: Whether from your experience with hiring employees or with getting hired by an employer, this week I’d like to know, what do you think makes a job resume stand out? You may respond to this week’s survey by 6 p.m. Pacific time today. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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