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PLANSPONSOR NEWSDASH LOGO July 26th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Total Benefits | Wellness
What’s the ROI?
What’s the ROI?
Analyze your wellness program’s effectiveness, to better serve employees.
Webinar
Plan Progress: Benchmarking Your Recordkeeper
Join PLANSPONSOR August 19 for a webinar in which industry sources will discuss what plan and participant needs to take into consideration when benchmarking recordkeepers; the differences between a request for information (RFI) and a request for proposals (RFP) and when plan sponsors need to issue one; and where to find information to help plan sponsors benchmark their recordkeeper.
Most Read
Participants
What Participants Want From Employers’ Retirement Plan Websites
Research
2021 Recordkeeping Survey
Inside Angle
DOL’s Next Moves
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Fidelity is ready to deliver a benefits plan with innovative financial and health strategies and solutions, an integrated experience, and support that makes a difference to you and your people.
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Economic Events
Today, the Census Bureau will report about new homes sales for June. Tomorrow, the Conference Board will release its Consumer Confidence Index for July, and the Census Bureau will report about durable goods orders for June. Thursday, the Labor Department will issue its initial claims report, and Freddie Mac will update weekly average mortgage rates.
Market Mirror
Friday, the Dow gained 238.20 points (0.68%) to finish at 35,061.55, the Nasdaq closed 152.39 points (1.04%) higher at 14,836.99, and the S&P 500 increased 44.31 points (1.01%) to 4,411.79. The Russell 2000 was up 10.17 points (0.46%) at 2,209.65, and the Wilshire 5000 climbed 449.41 points (0.99%) to 45,940.95.

The price of the 10-year Treasury note was unchanged, with its yield down to 1.277%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 1.922%.

For the week ending July 23, the Dow was up 1.08%, the Nasdaq climbed 2.84%, and the S&P 500 increased 1.96%. The Russell 2000 finished 2.15% higher, and the Wilshire 5000 gained 2.27%.
UpFront
Nuances of Employer-Sponsored Plans
401(k)s, 403(b)s and 457(b)s have been growing increasingly similar, though a number of key distinctions remain.
Near-Retirees Baffled by Social Security Benefits
In light of COVID-19, many people have expressed interest in topics including survivor benefits.
The Financial Wake of COVID-19
Participants and recordkeepers are reflecting on how the pandemic has affected them.
Prudence and Loyalty Under ERISA
What do these key terms really mean when it comes to retirement plans?
Deals and People
Retirement Industry People Moves
ISIAH International partners with Hub International and Forest Capital Management; MassMutual hires investment management solutions head; and Retirement Clearinghouse adds executive VP of public policy.
Small Talk
ON THIS DATE: In 1775, the U.S. postal system was established by the Second Continental Congress, with Benjamin Franklin as its first postmaster general. In 1908, the Federal Bureau of Investigation (FBI) was founded when U.S. Attorney General Charles Bonaparte ordered a group of newly hired federal investigators to report to Chief Examiner Stanley W. Finch of the Department of Justice. In 1947, President Harry Truman signed The National Security Act. The act created the National Security Council, the Department of Defense, the Central Intelligence Agency and the Joint Chiefs of Staff. In 1948, President Truman signed Executive Order 9981—ending discrimination in the military. Truman’s order ended a long-standing practice of segregating Black soldiers and relegating them to more menial jobs. In 1990, President George H.W. Bush signed the Americans with Disabilities Act (ADA) into law. In 2016, Hillary Clinton became the first woman to top a majority party ticket for President of the United States.
SURVEY SAYS RESPONSES: After seeing several news reports about what is being called “The Great Resignation,” brought on in part by the pandemic, I asked NewsDash readers, “Has your company experienced a greater resignation of employees than usual in the past six months to a year?” and “What were some of the reasons employees left?” More than half (52%) said their companies have not experienced a greater resignation of employees than usual in the past six months to a year, while 48% reported that they have. More than one-third (34.8%) of responding readers said non-pandemic-related dissatisfaction with the job/found a new job was a reason employees left. A desire for a more flexible work arrangement as the company goes back to the office, a desire for a new career and “don’t know” were each reasons cited by 17.4% of respondents. Thirteen percent said some employees realized they were able to retire early, and 4.3% reported that a need to stay home and care for children or other loved ones was a reason some employees left. Readers who left comments offered their views of reasons employees are leaving their jobs, including a re-think of priorities and being “fed up with seeing amazing profits and surging stock prices, but not seeing it in their paychecks.” Others noted how their companies have taken care of employees and how they are handling the return to work. “Employees know when a company cares about them!” one reader said. And there was even a “sort of” job offer. No Editor’s Choice this week. A big thank you to everyone who participated in the survey!
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