December 29th, 2021 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Data Shows Popularity of Cash Balance Plans They are viewed as less risky than traditional DB plans, easier to manage, easier for employees to understand, and are more popular in certain industries than in others. Data and Research Long-Term Care Policy Holders Drew Record Benefits This Year The more than $12 billion paid represents an increase of $2 billion over the total claim benefits drawn in 2018. Most Read Compliance Regulators Clarify Part-Time Eligibility Rules for ERISA 403(b) Plans Opinions Accumulating Differences: Why Personalization Matters More for Older Investors Products Apollo, Athene Working On Alts, Annuities in DC Investing Market Mirror Tuesday, the Dow increased 95.83 points (0.26%) to 36,398.21, the Nasdaq closed 89.54 points (0.56%) lower at 15,781.72, and the S&P 500 was down 4.84 points (0.10%) at 4,786.35. The Russell 2000 lost 14.95 points (0.66%) to finish at 2,246.51, and the Wilshire 5000 decreased 124.53 points (0.26%) to 48,642.86. The price of the 10-year Treasury note was unchanged, with its yield up to 1.485%. The price of the 30-year Treasury bond was down 4/32, increasing its yield to 1.905%. Compliance Court Denies Summary Judgment for Lawsuit Against ESOP Fiduciaries The judge found that while the plaintiff might have released all his claims with a separation agreement, the lawsuit was filed on behalf of the plan and the plan did not release its claims. Plaintiffs Allege ERISA Breach Against Chicago Consultant A new complaint claims that West Monroe ESOP participants who sold stock in the company did not receive fair market value from company distributions. Investing With Pandemic Lessons Learned, Institutional Investors Gear Up for 2022 The first year of the pandemic was defined by a flight to safety, while 2021 brought a risk-on stance and strong returns for many institutions. Investors Seeking Better Performance Are Driving ESG Investing Concerns about climate change and natural disasters are spurring fresh interest in environmental, social and governance investing. Small Talk ON THIS DATE: In 1845, six months after the congress of the Republic of Texas accepted U.S. annexation of the territory, Texas was admitted into the United States as the 28th state. In 1851, the first American Young Men’s Christian Association was organized, in Boston. In 1890, in one of the final chapters of America’s long Indian wars, the U.S. Cavalry killed 146 Sioux at Wounded Knee on the Pine Ridge reservation in South Dakota. In 1949, KC2XAK of Bridgeport, Connecticut, became the first ultrahigh frequency (UHF) television station to begin operating on a regular daily schedule. In 1975, a bomb exploded in the main terminal of New York’s LaGuardia Airport. Eleven people were killed. WEDNESDAY WISDOM: “Change before you have to.”—Jack Welch, a former chairman and CEO of General Electric Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850