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PLANSPONSOR NEWSDASH LOGO June 24th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Benchmark Properly for Access to Alternatives
Benchmark Properly for Access to Alternatives
After precedent-setting decisions, plan sponsors may have a clearer road ahead for incorporating alternative investments in defined contribution plans.
Investing
Growing Inclusion of Alts in DC Plans
Defined contribution retirement plans are incorporating alternative investments in custom target-date funds, and access to alternatives has increased thanks to white-label funds.
Most Read
Compliance
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Plan Sponsors and Participants Cite Different ‘Important’ Benefits
Compliance
Managed Account Fees Challenged in Latest ERISA Lawsuit
ECONOMIC EVENTS
Interest on a 30-year fixed-rate mortgage averaged 5.81% for the week ending June 23, up from last week when it averaged 5.78%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.02%. Interest on a 15-year fixed-rate mortgage averaged 4.92%, up from last week when it averaged 4.81%. A year ago at this time, the 15-year FRM averaged 2.34%.

In the week ending June 18, the advance figure for seasonally adjusted initial claims for unemployment insurance was 229,000, a decrease of 2,000 from the previous week’s revised level, the Labor Department reported. The four-week moving average was 223,500, an increase of 4,500 from the previous week’s revised average. The previous week’s average was revised up by 500 from 218,500 to 219,000.
MARKET MIRROR
Thursday, the Dow gained 194.23 points (0.64%) to 30,677.36, the Nasdaq increased 179.11 points (1.62%) to close at 11,232.19, and the S&P 500 was up 35.84 points (0.95%) to 3,795.73. The Russell 2000 gained 21.40 points (1.27%) to 1,711.67, and the Wilshire 5000 raised 425.03 points (1.14%) to 37,752.88.

The price of the 10-year Treasury note increased 28/32 bringing its yield down to 3.086%. The price of the 30-year Treasury bond increased 31/32 bringing its yield down to 3.203%.
Compliance
District Court Rejects ERISA Lawsuit Against Olin Corp.
The U.S. District Court for the Eastern District of Missouri has ruled in favor of the defendants in an Employee Retirement Income Security Act lawsuit filed against the Olin Corp.The plaintiffs in the case put forward substantially similar allegations to numerous other lawsuits filed against employers for alleged fiduciary breaches in the operation of their...
Data and Research
Feeling Prepared for Retirement Increases With Professional Help
Workers preparing for retirement with the assistance of a financial professional feel better-equipped to manage several potential risks to their retirement.
Benefits
Balancing Business Needs and Participant Support
Retirement plans must meet the needs of the participants invested in them, but they are also an important business tool.
SMALL TALK
ON THIS DATE: In 1497, Italian explorer John Cabot, sailing for England, landed in North America on what is now Newfoundland. In 1664, New Jersey, named after the Isle of Jersey off the coast of France, was founded. In 1793, the first republican constitution in France was adopted. In 1844, Charles Goodyear was granted a U.S. patent for vulcanized rubber. In 1922, the American Professional Football Association was renamed The National Football League. In 1940, television cameras were used for the first time in a political convention as the Republicans convened in Philadelphia. In 1953, Jacqueline Bouvier and then-Massachusetts Senator John F. Kennedy publicly announced their engagement. Kennedy became the 35th president and Jackie, as she was known, became one of the most popular first ladies. In 1986, the Empire State Building was designated a National Historic Landmark. In 1997, U.S. Air Force officials released a 231-page report that dismissed claims of an alien spacecraft crash in Roswell, New Mexico, almost exactly 50 years earlier.
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