Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO July 1st, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Participants
Growth of Digital Tools Leads to Increased Retirement Personalization
Growth of Digital Tools Leads to Increased Retirement Personalization
Plan sponsors want digital tools that are effective and potentially useful for every participant, but not one-size-fits-all.
PLAN DESIGN | BEHAVIORAL FINANCE
Things People Do
How behavior informs participant engagement in the retirement plan.
Most Read
Compliance
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Plan Sponsors and Participants Cite Different ‘Important’ Benefits
Compliance
Managed Account Fees Challenged in Latest ERISA Lawsuit
ECONOMIC EVENTS
Interest on a 30-year fixed-rate mortgage averaged 5.70% for the week ending June 30, down from last week’s average of 5.81%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 2.98%. Interest on a 15-year fixed-rate mortgage averaged 4.83%, down from last week’s average of 4.92%. A year ago at this time, the 15-year FRM averaged 2.26%.

In the week ending June 25, the advance figure for seasonally adjusted initial claims for unemployment insurance was 231,000, a decrease of 2,000 from the previous week’s revised level, the Labor Department reported. The four-week moving average was 231,750, an increase of 7,250 from the previous week’s revised average.
MARKET MIRROR
Thursday, the Dow lost 253.88 points (0.82%) to 30,775.43, the Nasdaq fell 149.16 points (1.35%) to 11,028.74 and the S&P 500 dropped 33.45 points (0.88%) to 3,785.38. The Russell 2000 dropped 11.38 points (0.66%) to 1,707.99 and the Wilshire 5000 lost 365.21 points (0.96%) to 37,564.25.

The price of the 10-year Treasury note increased 7/32, bringing its yield down to 3.015%. The price of the 30-year Treasury bond increased 28/32, bringing its yield down to 3.181%. 
Products,
Ubiquity Announces New Partnership, Adds 3(16) Services to Select 401(k) Products
Ubiquity will receive business referrals from Paycor to provide retirement benefit solutions and says its new 3(16) services will allow it to take on heavily regulated fiduciary responsibility.
Investment Product and Service Launches
DWS releases climate-focused Xtrackers ETF.
SMALL TALK
ON THIS DATE: In 1863, the Battle of Gettysburg, among the most important battles of the American Civil War, began. In 1867, the Dominion of Canada was formed, an event now celebrated as an annual Canadian holiday—Canada Day, adopted in 1982—marked by parades, fireworks and the display of flags. In 1898, as part of their campaign to capture Spanish-held Santiago de Cuba on the southern coast of Cuba, the U.S. Army Fifth Corps engaged Spanish forces at El Caney and San Juan Hill. In 1961, Diana, princess of Wales—original name Diana Frances Spencer—was born. In 1963, the U.S. Postal Service instituted the Zone Improvement Plan Code, commonly known as the ZIP Code. In 1971, Grammy-Award-winning singer Missy Elliott was born. In 1997, the crown colony of Hong Kong officially reverted to Chinese sovereignty, ending 156 years of British rule. In 2004, film and stage actor Marlon Brando, a celebrated actor of the method school, died at age 80. In 2020, the North American Free Trade Agreement, a trade pact that took effect in 1994, was replaced by the United States–Mexico–Canada Agreement.
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
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850