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Insight on Plan Design & Investment Strategy Every Weekday
Despite Challenging Year, CRDs and Plan Leakage Were Sparse
Despite Challenging Year, CRDs and Plan Leakage Were Sparse
Recordkeepers say they saw low uptake for coronavirus-related distributions and loans, a stark contrast from what was predicted when the CARES Act was passed in March.
Data and Research
Pandemic Puts a Damper on Workers’ Retirement Outlook
More than half say their employment prospects have been hampered by one or more negative impacts, be it a furlough, a layoff, a pay cut or other measure.
Most Read
Participants Will Need Support to Understand Lifetime Income Projections
Data and Research
DB Plans Retain Cost Advantage Over DC Plans
Milliman Accused of Failing to Prune Bad Investments From 401(k)
Economic Events
Tomorrow, the Consumer Confidence Board will release its Consumer Confidence Index for December, and the National Association of Realtors will report about existing home sales for November. Wednesday, the Census Bureau will report about new home sales in November. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about durable goods orders for November.
Market Mirror
Friday, the Dow fell 124.32 points (0.41%) to 30,179.05, the NASDAQ was down 9.11 points (0.07%) at 12,755.64, and the S&P 500 closed 13.07 points (0.35%) lower at 3,709.41. The Russell 2000 lost 8.06 points (0.41%) to finish at 1,969.99, and the Wilshire 5000 decreased 89.93 points (I0.23%) to 39,130.65.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.946%, and the price of the 30-year Treasury bond was down 3/32, increasing its yield to 1.693%.

For the week ending December 18, the Dow was up 0.44%, the NASDAQ climbed 3.05%, and the S&P 500 increased 1.25%. The Russell 2000 gained 3.05%, and the Wilshire 5000 finished 1.69% higher.
Industry Analysis
How Will PEPs Develop?
Pooled employer plans’ appeal may be that they ease administration.
Deals and People
Retirement Industry People Moves
Raymond James Financial acquires NWPS; Vestwell names retirement services president; and more.
Small Talk
ON THIS DATE: In 1937, Walt Disney debuted the first, full-length, animated feature in Hollywood. The movie was “Snow White and the Seven Dwarfs.” In 1945, U.S. Gen. George S. Patton died in Heidelberg, Germany, of injuries from a car accident. In 1951, Joe DiMaggio announced his retirement from major league baseball. In 1971, the United Arab Emirates was formed. In 1968, Apollo 8, the first manned mission to the moon, was successfully launched from Cape Canaveral, Florida, with astronauts Frank Borman, James Lovell, Jr. and William Anders aboard. In 2012, the music video for “Gangnam Style,” a song by the Korean artist Psy, became the first YouTube video to garner one billion views.
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