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Risk for Cyberattacks Heightened as Remote Work Continues
Risk for Cyberattacks Heightened as Remote Work Continues
Remote work is expected to lead to more attacks on retirement plan accounts, but there are an increasing number of measures to handle the threat.
How DB Plans Fare During Volatility Depends Greatly on Portfolio Allocation
Depending on asset allocation, some plans have fared better than others, but the majority are down for the year.
Most Read
2021 DC Plan Benchmarking Survey
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Data and Research
2022 Retirement Industry Trends to Follow
Economic Events
The producer price index for final demand fell 0.2% in June, as prices for final demand services declined 0.3% and the index for final demand goods rose 0.2%, the Bureau of Labor Statistics reported. The final demand index decreased 0.8% for the 12 months ended in June.

Tomorrow, the Bureau of Labor Statistics will reveal the consumer price index for June. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about retail sales in June and business trade in May.
Market Mirror
Friday, the Dow gained 369.21 points (1.44%) to finish at 26,075.30, the NASDAQ was up 69.69 points (0.66%) at 10,617.44, and the S&P 500 increased 32.99 points (1.05%) to 3,185.04. The Russell 2000 climbed 23.76 points (1.70%) to 1,422.68, and the Wilshire 5000 closed 355.65 points (1.11%) higher at 32,525.98.

The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 0.643%. The price of the 30-year Treasury bond fell 26/32, increasing its yield to 1.334%.

For the week ending July 10, the Dow increased 0.96%, the NASDAQ climbed 4.01%, and the S&P 500 finished 1.76% higher. The Russell 2000 was down 0.64%, and the Wilshire 5000 gained 2.04%.
Wawa ERISA Fiduciary Breach Lawsuit Settlement Revealed
The class action settlement agreement includes $21.6 million in cash payments, with no admission of wrongdoing by the plan’s fiduciaries.
Deals and People
Retirement Industry People Moves
ISS ESG selects global research leader; Newport Group acquires PAi and affiliate company; R&M adds actuarial professionals to Denver region; and more.
Small Talk
ON THIS DATE: In 1585, a group of 108 English colonists, led by Sir Richard Grenville, reached Roanoke Island, North Carolina. In 1787, Congress, under the Articles of Confederation, enacted the Northwest Ordinance, which established the rules for governing the Northwest Territory, for admitting new states to the Union and limiting the expansion of slavery. In 1954, in Geneva, Switzerland, the United States, Great Britain and France reached an accord on Indochina which divided Vietnam into two countries, North and South, along the 17th parallel. In 1985, Live Aid, a worldwide rock concert organized to raise money for the relief of famine-stricken Africans, was held. In 2013, outraged and saddened after the acquittal of George Zimmerman, the Florida man who killed a Black teenager in 2012, Alicia Garza posted a message on Facebook with the phrase “Black lives matter,” which soon became a rallying cry and a movement throughout the United States and around the world.
SURVEY SAYS RESPONSES: Last week, I asked NEWSDash readers, “If age is only a state of mind, in what range is your mental age right now?” I also asked if this has changed from a year ago. No responding readers said they feel like teenagers. More than one-quarter each selected the 30 to 39 and 60 to 69 age ranges. The ranges of 40 to 49 and 50 to 59 were each chosen by 17.6% of responding readers. And fewer selected 20 to 29 (8.8%) and 70 to 79 (2.9%). Most respondents (58.8%) indicated that their mental age range has not changed since last year at this time. Explanations for why they feel the age they do and tips for feeling younger were among the responses of the readers who left comments. Some lament the physical ability that matches their “mental age.” I appreciate the amusing comments such as “My wife tells me I’m stuck at 13, so I appreciate this opportunity to say otherwise.” Editor’s Choice goes to the reader who feels as I do: “I think I have mentally aged more in the last 3-4 months than I have in decades.” A big thank you to all who participated in our survey.
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