July 29th, 2021 Insight on Plan Design & Investment Strategy Every Weekday Benefits 2021 Trends in Open Enrollment Decision support is a top focus, and lessons learned from the pandemic are influencing this year’s season as well. Products An Employer’s Foundation Gives Employees a Start on Emergency Savings The KFC Foundation’s collaboration with a fintech provider uses technology, gamification and matching contributions to help KFC employees achieve at least $500 in short-term savings. Most Read Compliance New Retirement Bill Amending ERISA Introduced in Congress Compliance Pensions Will Recoup Losses From Allianz Structured Alpha Investments Deals and People Retirement Industry People Moves Market Mirror Wednesday, the Dow decreased 127.59 points (0.36%) to 34,930.93, the Nasdaq closed 102.01 points (0.70%) higher at 14,762.58, and the S&P 500 was virtually unchanged at 4,400.64. The Russell 2000 gained 33.12 points (1.51%) to finish at 2,224.96, and the Wilshire 5000 was up 86.45 points (0.19%) at 45,830.70. The price of the 10-year Treasury note was up 2/32, decreasing its yield to 1.229%. The price of the 30-year Treasury bond increased 25/32, bringing its yield down to 1.886%. Compliance Newly Introduced Bill Aims to Increase Savings for Middle- and Low-Income Workers The bill would replace the saver's credit with a government match on savings and give savers a COVID-19 recovery bonus credit. Insights Kudos! In reviewing Plan Sponsor of the Year submissions early this year, it was widely apparent that the pandemic affected all retirement plan sponsors and participants in some way, but not to the same degree. Small Talk ON THIS DATE: In 1874, Major Walter Copton Winfield of England received a U.S. patent for the lawn-tennis court. In 1909, the newly formed General Motors Corporation (GM) acquired the country’s leading luxury automaker, the Cadillac Automobile Company, for $4.5 million. In 1914, the first transcontinental telephone service was inaugurated when two people held a conversation between New York City and San Francisco. In 1950, Disney’s adaptation of Robert Louis Stevenson’s “Treasure Island” was released. In 1958, Congress passed legislation establishing the National Aeronautics and Space Administration (NASA), a civilian agency responsible for coordinating America’s activities in space. In 1983, Steve Garvey (Los Angeles Dodgers) set the National League consecutive game record at 1,207. In 2005, astronomers announced that they had discovered a new planet (Xena) larger than Pluto in orbit around the sun. No SURVEY SAYS this week. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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