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Insight on Plan Design & Investment Strategy Every Weekday
Another Risk for Retirement Savings: Divorce
Another Risk for Retirement Savings: Divorce
Divorced women are especially vulnerable, but targeted messages not just focused on retirement can help.
Income as the Outcome: Sustaining Your Participants Throughout Retirement
Zvi Bodie, PhD, with Bodie Associates, and Tim Kohn, with Dimensional Fund Advisors, discuss why DC plan sponsors should focus on retirement income and how TDFs can do this.
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Data and Research
Minor Saving Increases Can Achieve 75% Income Replacement
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Employers Face ‘Tension’ Between Health Care And Financial Wellness
Market Mirror
Wednesday, the Dow lost 710.16 points (2.72%) to finish at 25,445.94, the NASDAQ closed 222.20 points (2.19%) lower at 9,909.17, and the S&P 500 decreased 80.96 points (2.59%) to 3,050.33. The Russell 2000 was down 49.60 points (3.45%) at 1,389.74, and the Wilshire 5000 fell 840.56 points (2.63%) to 31,105.62.

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 0.683%. The price of the 30-year Treasury bond increased 1 3/32, bringing its yield down to 1.437%.
Costco’s Use of Actively Managed Funds in 401(k) Plan Lineup Called Out in Lawsuit
The warehouse club is also accused of breaching ERISA fiduciary duties by allowing the plan to pay ‘unreasonably high’ recordkeeping fees.
DOL Seeks Stricter Limits on ESG Investing Under ERISA
The proposed regulation would “confirm that ERISA requires plan fiduciaries to select investments and investment courses of action based solely on financial considerations relevant to the risk-adjusted economic value of a particular investment.”
Longevity and Retirement Experts Encourage Retention of Older Workers
Many older employees either want or need to work past the traditional retirement age; sources say it makes economical sense for employers to help them do so.
Voya Will Recordkeep Aon’s New Pooled Employer Plan
The pooled employer plan (PEP) will utilize Aon Investments USA Inc., Aon’s investment solutions group.
Small Talk
ON THIS DATE: In 1788, Virginia ratified the U.S. Constitution and became the 10th state of the United States. In 1868, Florida, Alabama, Louisiana, Georgia, North Carolina and South Carolina were readmitted to the Union. In 1876, Native American forces led by Crazy Horse and Sitting Bull defeated the U.S. Army troops of Lieutenant Colonel George Armstrong Custer in the Battle of the Little Bighorn near southern Montana’s Little Bighorn River. In 1876, in Philadelphia, Alexander Graham Bell demonstrated the telephone for Sir William Thomson (Baron Kelvin) and Emperor Pedro II of Brazil at the Centennial Exhibition. In 1942, following his arrival in London, Major General Dwight D. Eisenhower took command of U.S. forces in Europe. In 1950, North Korea invaded South Korea initiating the Korean War. In 1951, in New York City, the first regular commercial color TV transmissions were presented on CBS using the FCC-approved CBS Color System. The public did not own color TV’s at the time. In 1981, the U.S. Supreme Court decided that male-only draft registration was constitutional. In 1990, the U.S. Supreme Court upheld the right of an individual, whose wishes are clearly made, to refuse life-sustaining medical treatment. “The right to die” decision was made in the Curzan vs. Missouri case. In 1993, Kim Campbell took office as Canada’s first woman prime minister. In 1998, the U.S. Supreme Court rejected the line-item veto thereby striking down presidential power to cancel specific items in tax and spending legislation.
SURVEY SAYS: I’ve seen news reports about cities eliminating or changing their fireworks displays for the 4th of July, and a study finds three-fourths of Americans will not travel for the holiday. This week, I’d like to know, will there be fireworks where you live and will you attend the show? Also, will you be traveling for the 4th of July holiday? You may respond to this week’s survey by 6 p.m. Pacific time today.
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