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February 1st, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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Investing
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Plan Sponsors Still Aren’t Embracing ETFs
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Many defined contribution plan sponsors are focusing on lower fees, which is a selling point for exchange-traded funds, but there are other ways sponsors can cut costs.
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Awards
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Nominations for Plan Adviser of the Year Open
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PLANSPONSOR’s sister publication PLANADVISER is soliciting your help in identifying the best retirement plan advisers in the country. If you work with or for, or know of, a great plan adviser or plan adviser team, please help us recognize the best in the business. Nominations for the 2022 PLANADVISER Retirement Plan Adviser of the Year awards are now being accepted in six categories: Plan Sponsor Service; Plan Participant Service; Mentorship; Efforts in Diversity, Equity and Inclusion (DEI); Community Impact and Giving Back; and Closing the Coverage Gap. Advisers and adviser teams can be nominated by clicking on this link.
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Market Mirror |
Yesterday, the Dow gained 406.39 points (1.17%) to finish at 35,131.86, the Nasdaq climbed 469.31 points (3.41%) to 14,239.88, and the S&P 500 closed 83.70 points (1.89%) higher at 4,515.55. The Russell 2000 increased 59.94 points (3.05%) to 2,028.45, and the Wilshire 5000 surged 1,016.05 points (2.29%) to 45,416.48.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.780%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 2.109%.
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ON THIS DATE: In 1790, the U.S. Supreme Court convened for the first time in New York City. In 1862, “The Battle Hymn of the Republic,” by Julia Ward Howe was first published in the “Atlantic Monthly.” In 1884, the first portion, or fascicle, of the Oxford English Dictionary (OED), considered the most comprehensive and accurate dictionary of the English language, was published. In 1898, the Travelers Insurance Company of Hartford, Connecticut, issued the first automobile insurance policy. Dr. Truman Martin of Buffalo, New York, paid $11.25 for the policy, which gave him $5,000 in liability coverage. In 1913, Grand Central Terminal (also known as Grand Central Station) opened in New York City. It was the largest train station in the world. In 1919, the first Miss America was crowned in New York City. In 1930, The New York Times published its first crossword puzzle. In 1946, Norwegian statesman Trygve Lie was chosen to be the first secretary-general of the United Nations. In 1960, in Greensboro, North Carolina, four Black college students sparked a nationwide civil rights movement by refusing to leave a “whites-only” lunch counter at a popular retail store after they are denied service. In 1978, antislavery crusader and Civil War veteran Harriet Tubman became the first African American woman to appear on a U.S. postage stamp, the first in the Post Office’s Black Heritage Series. In 2003, NASA’s space shuttle Columbia exploded while re-entering the Earth’s atmosphere. All seven astronauts on board were killed.
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