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PLANSPONSOR NEWSDASH LOGO December 9th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Health Shocks Often Derail Financial Stability
Health Shocks Often Derail Financial Stability
A new survey shows workers’ ability to maintain or regain financial control after a serious, unexpected health event appears difficult.
Deals and People
2022 Plan Sponsor of the Year Award Nominations Are Open
Award recipients across all categories will be honored at the PLANSPONSOR Awards for Excellence celebration at the PLANSPONSOR National Conference on June 8, 2022.
Most Read
Research
2021 Recordkeeping Survey
Data and Research
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
Compliance
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Market Mirror
Wednesday, the Dow was up 35.32 points (0.10%) at 35,754.75, the Nasdaq gained 100.07 points (0.64%) to finish at 15,786.99, and the S&P 500 increased 14.46 points (0.31%) to 4,701.21. The Russell 2000 climbed 17.92 points (0.80%) to 2,271.71, and the Wilshire 5000 closed 218.27 points (0.46%) higher at 48,151.66.

The price of the 10-year Treasury note decreased 26/32, bringing its yield up to 1.520%. The price of the 30-year Treasury bond fell 2 0/32, increasing its yield to 1.896%.
Compliance
Exelon Sued Over Alleged Excessive Fees in Proprietary TDFs
The lawsuit also includes claims of excessive recordkeeping fees and unreasonable fees for managed account services.
Participants
November Another Light Month for 401(k) Trades
The average asset allocation in equities decreased to 70.1%, according to the Alight Solutions 401(k) Index.
Investing
Institutional Investors See Potential for Market Growth in 2022
Few institutional investors are making dramatic allocation changes for next year, but most will make tactical moves that reflect the new realities of the COVID era.
Small Talk
ON THIS DATE: In 1803, the 12th Amendment to the U.S. Constitution was passed by Congress. With the amendment Electors were directed to vote for a President and for a Vice-President rather than for two choices for President. In 1884, Levant M. Richardson received a patent for the ball-bearing roller skate. In 1907, Christmas Seals went on sale for the first time, in the Wilmington, Delaware, post office. Christmas seals are special stamps used to decorate or seal Christmas and New Year’s mail, sold to raise funds and awareness for charitable programs. They have become particularly associated with lung diseases and child welfare. In 1940, the Longines Watch Company signed for the first FM radio advertising contract with experimental station W2XOR in New York City. In 1955, Sugar Ray Robinson knocked out Carl Olson and regained his world middleweight boxing title. In 1960, Sperry Rand Corporation unveiled a new computer known as “Univac 1107.” In 1978, the first game of the Women’s Pro Basketball League (WBL) was played between the Chicago Hustle and the Milwaukee Does. In 1979, a commission of scientists declared that smallpox had been eradicated. The disease, which carries around a 30% chance of death for those who contract it, is the only infectious disease afflicting humans that has officially been eradicated. In 2002, United Airlines filed for Chapter 11 bankruptcy after losing $4 billion in the previous two years. It was the sixth largest bankruptcy filing. In 2013, AMR Corporation and US Airways Group completed a merger and was listed on the NASDAQ as American Airlines Group, Inc.
SURVEY SAYS: It’s time for our biennial holiday movie survey. This week, I’d like to know, what is your favorite holiday movie/show? You may respond to this week’s survey by 6 p.m. Pacific time today.
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