Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
Investment Focus
Just Around the Corner?
Just Around the Corner?
Whenever inflation does arrive, there are investments to fight it.
Help Needed to Curtail Gen X’s Anxiety About Retirement
With competing financial priorities, Generation X can benefit from automated savings, savings education and access to a financial adviser.
Most Read
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Wolters Kluwer Launches Suite of Benefits Insight and Tools
Attorneys, corporate counsel, and ERISA professionals can gain hands-on knowledge to efficiently create and manage retirement and welfare benefits plans.
Economic Events
Construction spending during October was estimated at a seasonally adjusted annual rate of $1,291.1 billion, 0.8% below the revised September estimate of $1,301.8 billion, the Census Bureau announced. The October figure is 1.1% above the October 2018 estimate of $1,277.4 billion. During the first ten months of this year, construction spending amounted to $1,086.5 billion, 1.7% below the $1,105.2 billion for the same period in 2018.
Market Mirror
Yesterday, the Dow lost 268.37 points (0.96%) to finish at 27,783.04, the NASDAQ closed 97.48 points (1.13%) lower at 8,567.99, and the S&P 500 decreased 27.11 points (0.86%) to 3,113.87. The Russell 2000 was down 16.92 points (1.04%) at 1,607.58, and the Wilshire 5000 fell 290.44 points (0.91%) to 31,735.42.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.822%. The price of the 30-year Treasury bond decreased 15/32, bringing its yield up to 2.271%.
DOL Enforcement Efforts Are Wide-Ranging
While the DOL’s Employee Benefit Security Administration is diligent in protecting employees’ benefits, plan sponsors can also turn to it for help and guidance.
Court Finds Private Equity Funds Not Liable for Plan Withdrawal Liability
An appellate court found a partnership test set forth in a previous case had not been met between the private equity funds and a member of a multiemployer pension plan.
Small Talk
ON THIS DATE: In 1818, Illinois was admitted as the 21st state of the union. In 1828, Andrew Jackson was elected president of the United States. In 1833, Oberlin College in Ohio opened as the first truly coeducational school of higher education in the United States. In 1931, Alka Seltzer was sold for the first time. In 1947, the Tennessee Williams play “A Streetcar Named Desire” opened at Broadway’s Ethel Barrymore Theater. In 1950, Paul Harvey began his national radio broadcast. In 1967, in Cape Town, South Africa, a team of surgeons headed by Dr. Christian Barnard, performed the first human heart transplant on Louis Washkansky. In 1973, Pioneer 10 sent back the first close-up images of Jupiter. In 1997, Pierce Brosnan received a star on the Hollywood Walk of Fame. In 1999, Tori Murden became the first woman to row across the Atlantic Ocean alone. It took her 81 days to reach the French Caribbean island of Guadeloupe from the Canary Islands.
TRIVIAL PURSUITS: What is the best-selling Christmas song?
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
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2021 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850