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2020 Recordkeeping Survey
2020 Recordkeeping Survey
The 2020 PLANSPONSOR Recordkeeping Survey results represent over $8.2 trillion in DC assets and, based on internal analysis, are estimated to account for 90% of the total DC market.
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Most Read
2021 DC Plan Benchmarking Survey
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Investment Product and Service Launches
SSGA adds new ESG ETF and Investment Metrics issues fee benchmarking solution.
Economic Events
Interest on a 30-year fixed-rate mortgage averaged 2.99% for the week ending July 30, down slightly from 3.01% one week ago, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.75%. Interest on a 15-year fixed-rate mortgage averaged 2.51%, down from last week when it averaged 2.54%. A year ago at this time, the 15-year FRM averaged 3.20%.

In the week ending July 25, the advance figure for seasonally adjusted initial claims for unemployment insurance was 1,434,000, an increase of 12,000 from the previous week’s revised level of 1,422,000, the Labor Department reported. The four-week moving average was 1,368,500, an increase of 6,500 from the previous week’s revised average of 1,362,000.
Market Mirror
Thursday, the Dow fell 225.92 points (0.85%) to 26,313.65, the NASDAQ gained 44.87 points (0.43%) to finish at 10,587.81, and the S&P 500 closed 12.22 points (0.38%) lower at 3,246.22. The Russell 2000 decreased 5.53 points (0.37%) to 1,495.10, and the Wilshire 5000 was down 110.34 points (0.33%) at 33,194.36.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.551%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 1.199%.
Princeton Agrees to No Fee Increase, Among Other Things, in Lawsuit Settlement
What the settlement agreement calls ‘therapeutic relief’ also includes conducting an RFP process, creating rules for how often committees meet and reviewing TIAA’s participant loan program.
COVID-19 Strikes Guaranteed Income
Checking in on the status of three traditional guaranteed income sources.
Small Talk
ON THIS DATE: In 1792, the cornerstone of the U.S. Mint in Philadelphia, Pennsylvania, was laid. In 1928, MGM’s Leo the lion roared for the first time. He introduced MGM’s first talking picture, “White Shadows on the South Seas.” In 1948, President Harry Truman helped dedicate New York International Airport (later John F. Kennedy International Airport) at Idlewild Field. In 1964, Ranger 7, an unmanned U.S. lunar probe, took the first close-up images of the moon—4,308 in total. In 1971, men rode in a vehicle on the moon for the first time in a lunar rover vehicle (LRV). In 1975, James Riddle Hoffa, one of the most influential American labor leaders of the 20th century, was reported missing. His fate remains a mystery. In 1989, the Game Boy handheld video game device was released in the U.S. In 1991, President George H.W. Bush and Soviet President Mikhail Gorbachev signed the Strategic Arms Reduction Treaty. In 1995, the Walt Disney Company agreed to acquire Capital Cities/ABC in a $19 billion deal.

And now it’s time for FRIDAY FUN!
An example of why they say dogs are humans’ best friends.

Wishing everyone this much joy this weekend.

Deer just come out of nowhere.

In Gwinnett County, Georgia, in an inspiring story about police and inmates working together, a deputy was not feeling well as he conducted security checks in the jail’s housing unit. Some inmates noticed this and kept an eye on him as he returned to his seat. They watched as he lost consciousness and fell onto the concrete floor, splitting his head open, the sheriff’s office wrote in a Facebook post, according to the Gwinnett Daily Post. The inmates began pounding on their doors which led to the entire unit making noise. “Our deputy later stated that while he did not realize he’d been unconscious, he became aware of what sounded like pounding drums and could hear inmates shouting his name over and over. He immediately thought an inmate needed help and somehow managed to rise to his feet and press the control panel to open cell doors,” the Sheriff’s Office said. Three inmates rushed out of their cells and rendered aid to the deputy, who had lost consciousnesses again. They used the deputy’s desk phone and radio to call for help. According to the Sheriff’s Office, the deputy is currently recovering at home. The Sheriff’s Office posted: “These inmates came to his aid because our deputy, like most law enforcement officers, treats people with the dignity they deserve. Many people have strong opinions about law enforcement officers and criminals, but this incident clearly illustrates the potential goodness found in both.”

On the other hand, in Hopkinton, Massachusetts, after receiving calls about two naked people walking a dog, officers saw a man and woman, who were completely nude, walking down the street with a medium-sized black dog. According to the Milford Daily News, when questioned, the couple yelled and swore at the officers. When told they were going to be arrested, they ran. When police caught up with them, the couple fought, injuring one officer. They now face charges of indecent exposure, assault and battery on a police officer, disturbing the peace, disorderly conduct and resisting arrest.

In St. Leonards, New South Wales, Australia, forget lady luck, it’s more like baby luck for one couple. A man bought a lottery ticket on the day his wife was due to give birth, for that reason, he said. The lottery ticket was a $71,610.15 top prize winner, and the man’s wife gave birth to a healthy baby.

Have a safe and happy weekend, everyone!
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