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Join Us TODAY for ‘Building an Effective Financial Wellness Program’
Join Us TODAY 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.
Online Special Coverage
A Target for Scrutiny
Target-date fund (TDF) selection requires careful analysis.
Most Read
Finalized Form 5500 Changes Add to Plan Sponsors’ Responsibilities
2021 Recordkeeping Survey
Data and Research
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
Economic Events
Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,572,000, the Census Bureau announced. This is 3.6% above the revised April estimate of 1,517,000 and is 50.3% above the May 2020 rate of 1,046,000. Single‐family housing starts in May were at a rate of 1,098,000; this is 4.2% above the revised April figure of 1,054,000. The May rate for units in buildings with five units or more was 465,000.
Market Mirror
Wednesday, the Dow fell 265.66 points (0.77%) to 34,033.67, the Nasdaq closed 33.17 points (0.24%) lower at 14,039.68, and the S&P 500 decreased 22.89 points (0.54%) to 4,223.70. The Russell 2000 was down 5.38 points (0.23%) at 2,314.69, and the Wilshire 5000 lost 206.83 points (0.46%) to finish at 44,328.97.

The prices of the 10-year Treasury note and 30-year Treasury bond each decreased 28/32, bringing their yields up to 1.561% and 2.218%, respectively.
MetLife Actuarial Equivalence ERISA Lawsuit Can Proceed
A district court has ruled that plaintiffs have raised sufficient factual questions to make preliminary dismissal of their challenge inappropriate—though the defense did succeed in striking one count.
Board Defendants Escape ERISA Excessive Fee Lawsuit
Claims in a lawsuit against Konica Minolta were significantly pared down and all claims against the company’s board were dismissed for failure to find it was a fiduciary with respect to alleged actions.
John Hancock Mobile App Synched Up to Website
In the palm of their hand, users can access their accounts, income projections, goals and advice.
Small Talk
ON THIS DATE: In 1856, the Republican Party opened its first national convention in Philadelphia. In 1885, the dismantled Statue of Liberty, a gift of friendship from the people of France to the people of America, arrived in New York Harbor after being shipped across the Atlantic Ocean in 350 individual pieces packed in more than 200 cases. In 1928, Amelia Earhart began the flight that made her the first woman to successfully fly across the Atlantic Ocean. In 1942, “Yank,” a weekly magazine for the U.S. armed services, began publication. The term “G.I. Joe” was first used in a comic strip by Dave Breger. In 1950, Dr. Richard H. Lawler performed the first kidney transplant in a 45-minute operation in Chicago. In 1963, the U.S. Supreme Court banned the required reading of the Lord’s prayer and Bible in public schools. In 1972, five men were arrested for breaking into the Democratic National Committee headquarters at the Watergate, an office-hotel-apartment complex in Washington, D.C. In 2015, a mass shooter took the lives of nine African American people at a Bible study at Emanuel African Methodist Episcopal Church in Charleston, South Carolina.
SURVEY SAYS: A recent survey found bad password practices exist in both personal and work use. This week, I’d like to know, does your company require you to change your passwords regularly and use complex password standards? And, are you implementing these practices in your personal use of web and digital applications? You may respond to this week’s survey by 6:00 p.m. Pacific time today.
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