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PLANSPONSOR NEWSDASH LOGO June 4th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Benefits
ESOPs a Win-Win for Workers and Employers
ESOPs a Win-Win for Workers and Employers
Not only do they build employees’ wealth at a faster rate than retirement plans, but they contribute to business performance and resilience.
Awards
2021 Plan Sponsors of the Year
We are pleased to announce the 2021 Plan Sponsor of the Year winner in the Total Retirement Offering (TRO) category: North American Lighting.
Most Read
Research
2021 Target-Date Fund Survey
Compliance
The DOL Has Begun Retirement Plan Cybersecurity Audits
Compliance
Rush of Litigation Against Retirement Plans Expected to Continue
SPONSORED BY: BOK Financial
Financial Wellness Programs Empower Employees
Companies are embracing an educational approach as half of adults report feeling “financially anxious.” As employees grapple with financial stress being amplified by the pandemic, employers are responding by taking a holistic look at supporting their workforce’s entire financial picture.
Data and Research
Annuity Interest Grows Among Workers
Plan sponsors are also feeling a sense of responsibility in offering guaranteed lifetime income products.
Deals and People
Aon Selling U.S. Retirement Business to PE Firm Aquiline
The U.S. retirement business Aquiline will acquire includes approximately 1,000 staff, and the agreement covers U.S. core retirement consulting, U.S. pension administration and the U.S.-based portion of Aon’s international retirement consulting business—along with many individual solutions and tools.
Administration
Helping Sponsors Speak in the New Retirement Income Tongue
DCIIA hopes its new retirement income glossary will help sponsors ask important questions, such as, “Do we want to keep retirees in the plan?”
Market Mirror
Thursday, the Dow was down 23.34 points (0.07%) to 34,577.04, the NASDAQ was down by 141.82 points (1.03%) and the S&P 500 was also down, by 15.27 points (0.36%), for a 4,192.85 close. The Russell 2000 lost 18.59 points (0.81%) to end at 2,279.25, and the Wilshire 5000 gave up 242.48 points (0.55%) to land at 43,846.03.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.625%, and the price of the 30-year Treasury bond was down 28/32, increasing its yield to 2.302%.
Products
Investment Product and Service Launches
MSCI new framework to evaluate decarbonization targets and Vanguard announces upcoming changes for dividend funds.
Small Talk
ON THIS DATE: In 1974, Élisabeth Thible becomes the first woman to fly in an untethered hot air balloon, in the air for 45 minutes. In 1896, in the shed behind his home on Bagley Avenue in Detroit, Henry Ford unveiled the “Quadricycle,” the first automobile he ever designed or drove. Massachusetts becomes the first state of the United States to set a minimum wage in 1912. In 1917, the first Pulitzer Prizes were awarded: Laura E. Richards, Maude H. Elliott, and Florence Hall receive the first Pulitzer for biography (for Julia Ward Howe); Jean Jules Jusserand receives the first Pulitzer for history for his work With Americans of Past and Present Days; Herbert B. Swope receives the first Pulitzer for journalism for his work for the New York World. In 1919, the 19th Amendment to the U.S. Constitution, guaranteeing women the right to vote, was passed by Congress and sent to the states for ratification. In 1928, Karola Ruth Westheimer, better known as Dr. Ruth, was born. In 1942, the Battle of Midway—one of the most decisive U.S. victories against Japan during World War II—began. In 1974, Sally Murphy became the first woman to qualify as an aviator with the U.S. Army. In 2010, the maiden flight of the SpaceX Falcon 9 rocket launched from Cape Canaveral Air Force Station Space Launch Complex 40.
FRIDAY FILES: Not this week.
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