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February 17th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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Administration & Governance | Outsourcing
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Administrative Assistance
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What 3(16) fiduciary responsibility means and how outsourcing it works.
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Market Mirror |
Tuesday, the Dow increased 64.35 points (0.20%) to 31,522.75, the Nasdaq closed 47.98 points (0.34%) lower at 14,047.50, and the S&P 500 was down 2.24 points (0.06%) at 3,932.59. The Russell 2000 lost 16.47 points (0.72%) to finish at 2,272.89, and the Wilshire 5000 decreased 70.04 points (0.17%) to 42,029.81.
The price of the 10-year Treasury note decreased 30/32, bringing its yield up to 1.300%. The price of the 30-year Treasury bond fell 1 6/32, increasing its yield to 2.090%.
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ON THIS DATE: In 1801, Thomas Jefferson was elected the third president of the United States. In 1820, the Senate passed the Missouri Compromise, containing restriction on slavery in other western territories. In 1924, swimmer Johnny Weissmuller set a world record in the 100-yard freestyle. He did it with a time of 57.4 seconds in Miami, Florida. In 1933, “Newsweek” was first published. In 1934, the first high school automobile driver’s education course was introduced in State College, Pennsylvania. In 1964, the U.S. Supreme Court ruled that congressional districts within each state had to be approximately equal in population. (Westberry v. Sanders). In 1996, in the final game of a six-game match, world chess champion Garry Kasparov triumphed over Deep Blue, IBM’s chess-playing computer, and won the match, 4-2. In 2005, President George W. Bush named John Negroponte as the first national intelligence director.
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WEDNESDAY WISDOM: “Too often we… enjoy the comfort of opinion without the discomfort of thought.”—John F. Kennedy
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Industry Intel Roundup—Featured White Paper | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers offering key insights and analysis about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. | |
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