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Data and Research
Nearly Half of Americans Don’t Foresee Moving Beyond Current Financial Status
For their part, employers can consider benefits and financial wellness programs to make financial mobility possible.
DOL’s Proposed ESG Restrictions Criticized by Senate Democrats
The Democratic senators join in a chorus of concerned stakeholders who say the DOL is being overly restrictive about the use of environmental, social and governance-themed investments.
Most Read
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income
2021 Recordkeeping Survey
Market Mirror
Wednesday, the Dow closed 227.51 points (0.85%) higher at 26,870.10, the NASDAQ was up 61.92 points (0.59%) at 10,550.49, and the S&P 500 increased 29.04 points (0.91%) to 3,226.56. The Russell 2000 climbed 50.01 points (3.50%) to 1,478.27, and the Wilshire 5000 gained 378.92 points (1.16%) to finish at 32, 935.52.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.636%. The price of the 30-year Treasury bond decreased 27/32, bringing its yield up to 1.335%.
Filing of Excessive Fee Suits Continues With Allegations Against Matthews International
One distinguishing feature in an otherwise boilerplate complaint is the pointed criticism of the plan’s recordkeeper, despite the fact that it is not named as a defendant.
DOL’s Proposed ‘PTE’ on Fiduciary Advice: Same Pig, Different Shade of Lipstick
Michael Barry, president of O3 Plan Advisory Services LLC, discusses why he thinks the DOL’s new proposed fiduciary rule is inadequate.
Simplified Form 5500 Compliance Reporting Launched by ADP
This development marks the second phase of its compliance dashboard enhancement effort.
Small Talk
ON THIS DATE: In 1790, Congress declared that a swampy, humid, muddy and mosquito-infested site on the Potomac River between Maryland and Virginia would be the nation’s permanent capital. In 1862, David G. Farragut became the first rear admiral in the U.S. Navy. In 1935, Oklahoma City became the first city in the U.S. to install parking meters. In 1945, at 5:29:45 a.m., the Manhattan Project came to an end as the first atom bomb was successfully tested in Alamogordo, New Mexico. In 1951, J.D. Salinger’s novel “The Catcher in the Rye” was first published. In 1964, Little League Baseball Incorporated was granted a Federal Charter unanimously by the Senate and House of Representatives. In 1969, at 9:32 a.m. EDT, Apollo 11, the first U.S. lunar landing mission, was launched on a historic journey to the surface of the moon. In 1981, after 23 years with the name Datsun, executives of Nissan changed the name of their cars to Nissan. In 1995, Amazon officially opened for business as an online bookseller. In 1999, John F. Kennedy, Jr.; his wife, Carolyn Bessette Kennedy; and her sister, Lauren Bessette, died when the single-engine plane that Kennedy was piloting crashed into the Atlantic Ocean near Martha’s Vineyard, Massachusetts. In 2009, in Chicago, Sears Tower was renamed Willis Tower.
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