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February 3rd, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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Investing
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Understanding TDF Glide Paths
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Glide paths aren’t just a change in equity and fixed income allocations, there are changes to investment types, too. 
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Ask the Experts
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What Are Surrender Fees?
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“I work for a health care provider that maintains a 403(b) plan. I was recently informed that one of our legacy providers charges something called a ‘surrender fee.’ Can you explain what this is?”
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| Market Mirror |
Tuesday, the Dow climbed 475.57 points (1.57%) to 30,687.48, the NASDAQ gained 209.38 points (1.56%) to finish at 13,612.78, and the S&P 500 increased 52.45 points (1.39%) to 3,826.31. The Russell 2000 was up 25.28 points (1.19%) at 2,151.44, and the Wilshire 5000 closed 574.63 points (1.43%) higher at 40,649.08.
The price of the 10-year Treasury note decreased 24/32, bringing its yield up to 1.103%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 1.870%.
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ON THIS DATE: In 1809, the territory of Illinois was created. In 1874, a patent was issued to Samuel W. Francis for the spork. In 1913, the 16th Amendment to the U.S. Constitution was ratified. It authorized the power to impose and collect income tax. In 1924, Woodrow Wilson, the 28th president of the United States, died in Washington, D.C., at the age of 67. In 1944, American forces invaded and took control of the Marshall Islands, long occupied by the Japanese and used by them as a base for military operations. In 1947, Percival Prattis became the first black news correspondent admitted to the House and Senate press gallery in Washington, D.C. He worked for “Our World” in New York City. In 1959, rising American rock stars Buddy Holly, Ritchie Valens and J.P. “The Big Bopper” Richardson were killed when their chartered Beechcraft Bonanza plane crashed in Iowa a few minutes after takeoff from Mason City on a flight headed for Moorhead, Minnesota. In 2005, Alberto Gonzales won Senate confirmation as the nation’s first Hispanic attorney general. In 2009, Eric Holder was sworn in as attorney general. He was the first African-American to hold the post.
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WEDNESDAY WISDOM: “No one has a greater asset for his business than a man’s pride in his work.”—Hosea Ballou, American Universalist clergyman and theological writer
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| Industry Intel Roundup—Featured Webcasts | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. |  | | PLANSPONSOR 2021 Plan Progress Series: Considering ESG Factors in Investment Selection | | For several presidential administrations now, there has been some back and forth about the place for environmental, social and governance (ESG) investing in retirement plans. Last year, the DOL proposed controversial regulations seeming to suppress the use of ESG investments in retirement plans; however, when final regulations came out, the DOL’s stance was softened. |
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