|
May 20th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
Events
|
|
2021 Virtual PLANSPONSOR National Conference
|
From June 21 through June 24, you can enjoy virtual discussions among your plan sponsor peers, retirement plan advisers and providers, as well as legislative and legal experts, about ways to continue to build plans and financial wellness programs that improve the outcomes of your unique workforce, while implementing proper corporate governance to manage fiduciary duties. In our virtual exhibit hall, attendees may interact with plan providers, obtain additional information to help build plans of excellence and participate in some fun giveaways. Whether you are new as a retirement plan sponsor or have years of experience, whether you work on the finance, treasury or human resource (HR) side of the plan, and whether your workforce has been hit hard by the events of this past year or fared relatively well, the 2021 PLANSPONSOR National Conference has something for you! 
|
|
|
|
|
|
| Market Mirror |
Wednesday, the Dow fell 164.62 points (0.48%) to 33,896.04, the Nasdaq was down 3.90 points (0.03%) at 13,299.74, and the S&P 500 decreased 12.15 points (0.29%) to 4,115.68. The Russell 2000 closed 17.24 points (0.78%) lower at 2,193.64, and the Wilshire 5000 lost 150.49 points (0.35%) to finish at 42,865.53.
The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.679%. The price of the 30-year Treasury bond decreased 25/32, bringing its yield up to 2.375%.
|
|
|
|
|
|
Compliance
|
|
Trio of Senators Introduces Retirement Reform Bill
|
|
The Improving Access to Retirement Savings Act parallels, but does not exactly match, the Securing a Strong Retirement Act, a piece of legislation which was recently advanced out of committee in the House of Representatives.
|
|
|
|
|
|
|
ON THIS DATE: In 1506, Italian explorer Christopher Columbus died in Valladolid, Spain. In 1830, the fountain pen was patented by H.D. Hyde. In 1861, during the American Civil War, the capital of the Confederacy was moved from Montgomery, Alabama, to Richmond, Virginia. In 1873, San Francisco businessman Levi Strauss and Reno, Nevada, tailor Jacob Davis were given a patent to create work pants reinforced with metal rivets, now known as blue jeans. In 1875, the International Bureau of Weights and Measures was established. In 1926, Congress passed the Air Commerce Act. The act gave the Department of Commerce the right to license pilots and planes. In 1927, at 7:52 a.m., American aviator Charles A. Lindbergh took off from Roosevelt Field on Long Island, New York, on the world’s first solo, nonstop flight across the Atlantic Ocean and the first ever nonstop flight between New York to Paris. In 1932, Amelia Earhart took off to fly solo across the Atlantic Ocean. She became the first woman to achieve the feat. In 1969, after 10 days and 10 bloody assaults, Hill 937 in South Vietnam, dubbed “Hamburger Hill” by American soldiers, was finally captured by U.S. and South Vietnamese troops. In 1978, Mavis Hutchinson, at age 53, became the first woman to run across America. It took Hutchinson 69 days to run the 3,000 miles. In 1980, the submarine Nautilus was designated as a National Historic Landmark by the Secretary of the Interior. In 1996, the U.S. Supreme Court voted six to three to strike down an amendment to Colorado’s state constitution that would have prevented any city, town or county in the state from taking any legislative, executive or judicial action to protect the rights of gays and lesbians.
|
|
|
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
|
|
|
