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Join Us for ‘Building an Effective Financial Wellness Program’
Join Us for ‘Building an Effective Financial Wellness Program’
Join PLANSPONSOR, industry sources and a plan sponsor for a webinar in which you will learn the different components that contribute to an employee’s financial wellness; how to determine the specific financial wellness needs of your workforce; and elements to include in a financial wellness program that will improve situations for your employees.
Data and Research
Employers Feeling More Responsibility in a Post-Pandemic Workforce
A BlackRock study found many plan sponsors are planning to add more automatic features, ESG options and active management strategies to their plans.
Most Read
Defined Benefit Plans May Have New Life
Ask the Experts
Can an Alternate Payee Designate a Beneficiary?
Data and Research
Retirement Plan Provider Technology Investments Show Success
Economic Events
April sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $570.8 billion, up 0.8% from the revised March level and up 43.6% from the revised April 2020 level, the Census Bureau announced. The February to March percent change was revised from the preliminary estimate of up 4.6% to up 4.3%.
Market Mirror
Wednesday, the Dow fell 152.68 points (0.44%) to 34,447.14, the Nasdaq decreased 13.16 points (0.09%) to 13,911.75, and the S&P 500 was down 7.71 points (0.18%) at 4,219.55. The Russell 2000 closed 16.63 points (0.71%) lower at 2,327.13, and the Wilshire 5000 lost 126.39 points (0.28%) to finish at 44,283.78.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 1.490%. The price of the 30-year Treasury bond climbed 1 1/32, decreasing its yield to 2.171%.
Client Claims Self-Dealing by Russell Investments
The complaint seeks to tie alleged business challenges that were being experienced by Russell Investments with the choices made by its investment advisers in the operation of Royal Caribbean Cruises’ retirement plan.   
Court Split on Motion to Dismiss Claims in Excessive Fee Suit
In the case over alleged excessive fees in the B. Braun Medical retirement plan, the judge moved forward claims for breach of duty of prudence but tossed claims for breach of duty of loyalty.
Estee Lauder Excessive Fee Suit Moves Forward
A federal judge said he would explain the reasons he denied the defendants' motion to dismiss during a pre-trial conference at a later date.
Alegeus to Debut Modern HSA Solution
The investment solution will be available on both mobile and desktop devices and is native to the Alegeus platform.
Small Talk
ON THIS DATE: In 1692, in Salem Village in the Massachusetts Bay Colony, Bridget Bishop, the first colonist to be tried in the Salem witch trials, was hanged after being found guilty of the practice of witchcraft. In 1752, Benjamin Franklin flew a kite during a thunderstorm and collected ambient electrical charge in a Leyden jar, enabling him to demonstrate the connection between lightning and electricity. In 1776, the Continental Congress appointed a committee to write a Declaration of Independence. In 1854, the U.S. Naval Academy in Annapolis, Maryland, held its first graduation. In 1903, Binney & Smith Company began developing a product line of wax crayons. The product was named Crayola. In 1935, in Akron, Ohio, Bill Wilson and Dr. Robert Smith, two recovering alcoholics, founded Alcoholics Anonymous (A.A.), a 12-step rehabilitation program that helps people cope with alcoholism. In 1948, Chuck Yeager exceeded the speed of sound in the Bell XS-1. In 1983, Johnny Bench announced his plans to retire. He was a catcher in the major leagues for 16 years. In 1984, the United States and the Vatican established full diplomatic relations for the first time in 117 years.
SURVEY SAYS: CDC guidance says people who are fully vaccinated for the COVID-19 virus may forego wearing a mask in most instances. However, surveys have revealed many people are not comfortable with that. This week, I’d like to know, do you feel comfortable with the CDC’s guidance about masks, and have you dropped the mask in certain situations? You may respond to this week’s survey by 6 p.m. Pacific time today.
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