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Data and Research
Women Are Running DC Plans Better Than Men
Women Are Running DC Plans Better Than Men
Research by Morningstar shows more women are working in defined contribution (DC) plan administrator roles—and they’re more likely to exhibit better plan-governance attributes.
Investment Product and Service Launches
NTAM increases services for minority brokers; American Century Investments adds to target date lineup; Milliman Partners with Resources Investment Advisers to launch adviser managed accounts.
Most Read
Participants Will Need Support to Understand Lifetime Income Projections
2021 Recordkeeping Survey
Milliman Accused of Failing to Prune Bad Investments From 401(k)
Economic Events
Interest on a 30-year fixed-rate mortgage averaged 3.05% for the week ending March 11, up from last week when it averaged 3.02%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.36%. Interest on a 15-year fixed-rate mortgage averaged 2.38%, up from last week when it averaged 2.34%. A year ago at this time, the 15-year FRM averaged 2.77%.

In the week ending March 6, the advance figure for seasonally adjusted initial claims for unemployment insurance was 712,000, a decrease of 42,000 from the previous week’s revised level of 754,000, the Labor Department reported. The four-week moving average was 759,000, a decrease of 34,000 from the previous week’s revised average of 793,000.
Market Mirror
Thursday, the Dow was up 188.57 points (0.58%) at 32,485.59, the Nasdaq climbed 329.84 points (2.52%) to 13,398.67, and the Wilshire 5000 increased 40.53 points (1.04%) to 3,939.34. The Russell 2000 gained 52.86 points (2.31%) to finish at 2,338.54, and the Wilshire 5000 closed 569.63 points (1.38%) higher at 41,845.04.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.531%. The price of the 30-year Treasury bond decreased 1 22/32, bringing its yield up to 2.293%.
DB Plans Get Help in New Stimulus Package
More guidance will be needed for single-employer and multiemployer defined benefit plans to use funding help provided in the $1.9 trillion coronavirus relief bill.
USI Insurance Latest to Face ERISA Self-Dealing Complaint
The complaint suggests USI and its officers have not operated the company’s retirement plan benefit prudently or loyally.
Small Talk
ON THIS DATE: In 1789, the U.S. Post Office was established. In 1884, the State of Mississippi authorized the first state-supported college for women. It was called the Mississippi Industrial Institute and College. In 1912, the Girl Scout organization was founded. The original name was Girl Guides. In 1930, Indian independence leader Mohandas Gandhi began a defiant march to the sea in protest of the British monopoly on salt, his boldest act of civil disobedience yet against British rule in India. In 1933, eight days after his inauguration, President Franklin D. Roosevelt gave his first national radio address—or “fireside chat”—broadcast directly from the White House. In 1947, President Harry Truman established the “Truman Doctrine” to help Greece and Turkey resist Communism. In 1959, the House joined the Senate in approving the statehood of Hawaii. In 1974, “Wonder Woman” debuted on ABC-TV. In 1994, the Church of England ordained its first women priests. In 2009, it was announced that the Sears Tower in Chicago, IL, would be renamed Willis Tower.

And now it’s time for some FRIDAY FUN!
In response to my request for readers to send FRIDAY FUN items they thought were some of the best or that stuck in their minds, one reader said this one had her checking her SUV every time she entered it.

Another reader said this girl doing math was a favorite.

The dancer on the end should have “ducked.”

In Los Angeles, California, a cat that went astray about 15 years ago has been reunited with its owner. On Sunday, he received a call from the Los Angeles County animal shelter in Palmdale and another from the company that made a microchip implanted in Brandy when she was adopted, the Associated Press reported. He had changed his address and home phone, but his cellphone number was the same as that listed on the microchip. “It’s amazing. I think it’s unbelievable,” he said, according to the news report. “I saw her, I picked her up and she started to purr and it was very emotional.”

In Kharkiv, Ukraine, a couple is attempting to mend their on-again-off-again relationship by handcuffing themselves to each other. It started on Valentine’s Day when they were fighting and the woman once again said she was breaking up with the man. The man responded, “Then I will attach you to myself,” according to Reuters. The woman refused his idea at first, but eventually changed her mind. They plan to do it for three months and are documenting it on Instagram. “In terms of physical comfort, with every day passing, we are getting used to it more and more. It gets easier,” the man told Reuters. The couple says “some tension has come up,” but they have found new ways of dealing with discord.

Wishing everyone a safe and happy weekend!
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