Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO July 30th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Opinions
Finding the Right Plan Adviser
Finding the Right Plan Adviser
Eric Dyson, with RFP 401k Advisor, shares tips and a suggested line of questioning that could help sponsors of any plan type with the RFP process for a plan adviser.
Products
Investment Product and Service Launches
Vanguard to launch two active funds, reopen Wellington fund; As You Sow issues corporate 401(k) sustainability scorecard; MIM broadens investor access to public fixed income strategies; and more.
Most Read
Research
2021 Recordkeeping Survey
Benefits
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
Investing
Considering the Arguments for and Against Actively Managed Funds in DC Plans
SPONSORED BY: Invesco
Get Rid of All the Jargon
Learn how to speak to DC retirement plan participants on their own terms, and how better communications could boost participation.
Economic Events
Interest on a 30-year fixed-rate mortgage (FRM) averaged 2.80% for the week ending July 29, up from last week when it averaged 2.78%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 2.99%. Interest on a 15-year FRM averaged 2.10%, down from last week when it averaged 2.12%. A year ago at this time, the 15-year FRM averaged 2.51%.

In the week ending July 24, the advance figure for seasonally adjusted initial claims for unemployment insurance was 400,000, a decrease of 24,000 from the previous week’s revised level of 424,000, the Labor Department reported. The four-week moving average was 394,500, an increase of 8,000 from the previous week’s revised average of 386,500.
Market Mirror
Thursday, the Dow gained 153.60 points (0.44%) to finish at 35,084.53, the Nasdaq was up 15.68 points (0.11%) at 14,778.26, and the S&P 500 increased 18.51 points (0.42%) to 4,419.15. The Russell 2000 closed 15.07 points (0.68%) higher at 2,240.03, and the Wilshire 5000 climbed 172.28 points (0.38%) to 46,003.01.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.268%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 1.914%.
UpFront
RFPs, the Easy Way
Plan sponsors can cut through the inefficiencies involved in conducting RFPs, with the help of a digital platform.
Deals and People
T. Rowe Price Names New CEO But Reaffirms Priorities
The firm’s CEO-to-be says the focus will remain on broadening ESG investing capabilities, transforming the retirement plan services business through the recently announced partnership with FIS, and continuing to evolve the firm’s target-date offerings.
Small Talk
ON THIS DATE: In 1619, in Jamestown, Virginia, the first elected legislative assembly in the New World—the House of Burgesses—convened in the town’s church. In 1932, Walt Disney’s “Flowers and Trees” premiered. It was the first Academy Award winning cartoon and first cartoon short to use Technicolor. In 1942, the WAVES were created by legislation signed by President Franklin D. Roosevelt. The members of the Women Accepted for Volunteer Emergency Service were a part of the U.S. Navy. In 1945, the USS Indianapolis was torpedoed by a Japanese submarine and sank within minutes in shark-infested waters. Only 316 of the 1,196 men on board survived. In 1956, the phrase “In God We Trust” was adopted as the U.S. national motto. In 1965, President Lyndon B. Johnson signed Medicare, a health insurance program for elderly Americans, into law. Medicaid, a state and federally funded program that offers health coverage to certain low-income people, was also signed into law. In 1974, the House of Representatives Judiciary Committee voted to impeach President Richard Nixon for blocking the Watergate investigation and for abuse of power. In 1976, American Caitlyn Jenner—who was competing as Bruce Jenner—won gold in the men’s decathlon at the Montreal Olympics. Jenner’s 8,617 points set a world record in the event.

Sorry, no FRIDAY FUN this week.

Have a wonderful weekend!
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2021 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850