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PLANSPONSOR NEWSDASH LOGO June 30th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Health Care Plan Sponsors Shorten Vesting Periods to Attract Talent
Health Care Plan Sponsors Shorten Vesting Periods to Attract Talent
An overarching trend for health care organizations is a focus on attracting and retaining talent with retirement plan design changes.
Compliance
Cook Group Faces Latest Excessive Fee Complaint
The defendants are accused of paying unreasonable recordkeeping and administrative fees and offering imprudent share classes of certain investment options.
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
MARKET MIRROR
Wednesday, the Dow gained 82.32 points (0.27%) to 31,029.31, the Nasdaq dipped 3.65 points (0.03%) to 11,177.89 and the S&P 500 slipped 2.72 points (0.07%) to 3,818.83. The Russell 2000 lost 19.47 points (1.12%) to 1,719.37 and the Wilshire 5000 fell 96.49 points (0.25%) to 37,929.48.

The price of the 10-year Treasury note increased 28/32, bringing its yield down to 3.100%. The price of the 30-year Treasury bond increased 1 1/32, lowering its yield down to 3.221%.
Participants
The Role of Financial Wellness Amid Rising Inflation
As more employees worry about their ability to make ends meet, they are looking to their financial advisers and HR professionals for help.
Products
New Tool from Candidly Automates Public Service Loan Forgiveness Process
For HR administrators, much of the employee eligibility process is automated; it takes an average of 79 seconds to certify an employee’s application.
SMALL TALK
ON THIS DATE: In 1841, the Erie Railroad rolled out its first passenger train. In 1859, Charles Blondin became the first person to cross Niagara Falls on a tightrope. In 1894, Korea declared independence from China and asked for Japanese aid. In 1917, singer Lena Horne, the first African American woman to sign a long-term Hollywood contract, was born. In 1921, President Warren G. Harding appointed former president William Howard Taft chief justice of the United States. In 1934, in Germany, Nazi leader Adolf Hitler ordered a bloody purge of his own political party, assassinating hundreds of Nazis whom he believed had the potential to become political enemies in the future. In 1937, the world’s first emergency telephone number (999) was launched in London. In 1966, the National Organization for Women was founded with the mission of promoting equal rights for women; Betty Friedan served as its first president. In 1974, Soviet virtuoso Mikhail Baryshnikov choreographed his own defection from the U.S.S.R. after four years of planning. In 1989, writer-director Spike Lee’s third feature film, “Do the Right Thing”—a drama that takes place on one block in Brooklyn’s Bedford-Stuyvesant neighborhood, on the hottest day of the year—was released in U.S. theaters. In 2019, while at the DMZ, President Donald Trump walked into North Korea to greet its leader, Kim Jong Un, and became the first sitting U.S. president to visit that country.
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