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PLANSPONSOR NEWSDASH LOGO July 16th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Workers Increasingly See Benefits of Auto-Enrollment
Workers Increasingly See Benefits of Auto-Enrollment
The majority of employees say it has gotten them on the retirement savings path at an earlier age.
Products
Investment Product and Service Launches
CAPTRUST selected as investment adviser for Alegeus’ HSA solution and Cabana launches new ETF suite with Exchange Traded Concepts.
Most Read
Research
2021 Recordkeeping Survey
Compliance
DOL Clears Up Timing for Lifetime Income Illustrations
Administration
Addressing Forgotten Accounts Can Improve Retirement Savings Outcomes
SPONSORED BY: Metlife
Getting the Most Value From HSAs
Employees believe an HSA program benefit will ease their stress and improve their well-being.
Economic Events
Interest on a 30-year fixed-rate mortgage (FRM) averaged 2.88% for the week ending July 15, down from last week when it averaged 2.90, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 2.98%. Interest on a 15-year FRM averaged 2.22%, down from last week when it averaged 2.20%. A year ago at this time, the 15-year FRM averaged 2.48%.

In the week ending July 10, the advance figure for seasonally adjusted initial claims for unemployment insurance was 360,000, a decrease of 26,000 from the previous week’s revised level of 386,000, the Labor Department reported. This is the lowest level for initial claims since March 14, 2020, when it was256,000. The four-week moving average was 382,500, a decrease of 14,500 from the previous week’s revised average of 397,000. This is the lowest level for this average since March 14, 2020, when it was 225,500.
Market Mirror
Thursday, the Dow was up 53.79 points (0.15%) at 34,987.02, the Nasdaq fell 101.82 points (0.70%) to 14,543.13, and the S&P 500 decreased 14.27 points (0.33%) to 4,360.03. The Russell 2000 lost 12.07 points (0.55%) to finish at 2,190.29, and the Wilshire 5000 closed 163.27 points (0.36%) lower at 45,247.47.

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.302%. The price of the 30-year Treasury bond increased 1 2/32, bringing its yield down to 1.922%.
Investing
Pensions’ Long-Term Approach to ESG Risks Hinges on Engaging With Companies
The Pension Research Council recommends that pension plan sponsors develop processes to identify, measure and manage environmental, social and governance-related downside risks.
Essential Considerations for DC Plan Investment Lineups
The purpose of a retirement plan and the demographics of its participants will help plan sponsors decide what types of investments they need to use to take participants from accumulation to decumulation.
Small Talk
ON THIS DATE: In 1790, Congress declared Washington, D.C. the nation’s new capital. In 1935, the world’s first parking meter, known as Park-O-Meter No. 1, was installed on the southeast corner of what was then First Street and Robinson Avenue in Oklahoma City, Oklahoma. In 1945, the first atom bomb was successfully tested in Alamogordo, New Mexico. In 1957, Marine Major John Glenn set a transcontinental speed record when he flew a jet from California to New York in 3 hours, 23 minutes and 8 seconds. 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 an 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 2009, Sears Tower in Chicago was renamed Willis Tower.

And now it’s time for some FRIDAY FUN!
A lightning strike a little too close.

A trick to keeping a dog calm during nail clipping.

No matter what mood you’re in, when there’s a camera, strike a pose.

Wishing everyone a safe and happy weekend!
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