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PLANSPONSOR NEWSDASH LOGO June 21st, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Investing
DB Plan Sponsors Don’t Have to Fear Investing in Real Assets
DB Plan Sponsors Don’t Have to Fear Investing in Real Assets
They can reduce volatility and provide higher returns than other assets, and cash flow needs can be still be managed while using these generally illiquid investments.
Compliance
ACA Ruling Signifies Relief for Employers
But future expansions of the law could have plan sponsors reconsidering their benefits offerings, experts say.
Most Read
Research
2021 Recordkeeping Survey
Compliance
DOL Clears Up Timing for Lifetime Income Illustrations
Administration
Addressing Forgotten Accounts Can Improve Retirement Savings Outcomes
Economic Events
Tomorrow, the National Association of Realtors will report about existing home sales for May. Wednesday, the Census Bureau will report about new home sales for May. Thursday, the Labor Department will issue its initial claims report, Freddie Mac will update average mortgage rates for the week, and the Census Bureau will report about durable goods orders for May.
Market Mirror
Friday, the Dow lost 533.37 points (1.58%) to finish at 33,290.08, the Nasdaq closed 130.97 points (0.92%) lower at 14,030.38, and the S&P 500 decreased 55.41 points (1.31%) to 4,166.45. The Russell 2000 was down 49.71 points (2.17%) at 2,237.75, and the Wilshire 5000 fell 550.95 points (1.24%) to 43,762.11.

The price of the 10-year Treasury note was up 7/32, decreasing its yield to 1.437%. The price of the 30-year Treasury bond climbed 1 9/32, bringing its yield down to 2.019%.

For the week ending June 18, the Dow lost 3.45%, the Nasdaq was down 0.28%, and the S&P 500 decreased 1.91%. The Russell 2000 fell 4.20%, and the Wilshire 5000 finished 1.92% lower.
Benefits
Pandemic Has Brought Need for Financial Wellness to a Head
Even before the COVID-19 pandemic hit the U.S. in February 2020, 52% of employees felt stressed, according to a PLANSPONSOR webinar.
Deals and People
Retirement Industry People Moves
PBGC appoints new chief policy officer; OneAmerica selects RM leaders; and former Faegre Drinker attorney rejoins firm.
Small Talk
ON THIS DATE: In 1788, the Constitution went into effect when New Hampshire became the ninth state to ratify it. In 1834, Cyrus McCormick patented the first practical mechanical reaper for farming. His invention allowed farmers to more than double their crop size. In 1893, the Ferris Wheel was introduced at the World’s Columbian Exposition in Chicago. In 1939, Lou Gehrig quit baseball due to illness. In 1982, John W. Hinckley, Jr., who on March 30, 1981, shot President Ronald Reagan and three others outside a Washington, D.C., hotel, was found not guilty of attempted murder by reason of insanity. In 1989, the Supreme Court ruled that burning the American flag as a form of political protest is protected by the First Amendment.
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