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Webinar: Managing the DC Plan Investment Menu
Webinar: Managing the DC Plan Investment Menu
Longevity risk has received increased attention from the government, the retirement industry and workers, but solutions have yet to be widely implemented.
Proposed SEC Regulations Address Advisers’ ESG Practices, Fund Names
One proposal put forward Wednesday by the Securities and Exchange Commission would restrict the way investment managers use ESG nomenclature in fund names, while another would require certain ESG-related disclosures by registered investment advisers.
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Pilot Claims American Airlines Prioritized ‘Underperforming’ ESG Funds
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Retirement Racial Wealth Gap Disproportionately Impacts Black, Hispanic Americans
Ask the Experts
When Does a New Plan Have to Meet SECURE 2.0 Mandates?
New orders for manufactured durable goods in April increased $1.2 billion or 0.4% to $265.3 billion, the U.S. Census Bureau reported. This increase, up six of the last seven months, followed a 0.6% March increase. Excluding transportation, new orders increased 0.3%. Excluding defense, new orders increased 0.3%. Transportation equipment, up following two consecutive monthly decreases, led the increase, $0.6 billion or 0.6% to $86.7 billion.
Wednesday, the Dow increased 191.66 points (0.60%) to 32,120.28, the Nasdaq gained 170.29 points (1.51%) to close at 11,434.74, and the S&P increased 37.25 points (0.95%) to 3,978.73. The Russell 2000 gained 34.34 points (1.95%) to 1,799.16, and the Wilshire 5000 was up 480.11 points (1.23%) to 39,515.33. 

The price of the 10-year Treasury note was virtually unchanged with its yield at 2.757%. The price of the 30-year Treasury bond was down 1/32 raising its yield to 2.975%.
Empower Partners with Rockefeller on Retirement Platform
The platform allows plan sponsors to add an extra layer of fiduciary protection.
PBGC Approves Assistance for Five More Multiemployer Plans in May
Special Financial Assistance program to date has approved more than $6.2 billion to cover nearly 120,000 participants.
ON THIS DATE: In 1868, the U.S. Senate narrowly failed to convict President Andrew Johnson of the impeachment charges levied against him by the House of Representatives. In 1896, the last czar of Russia, Nicholas II, was crowned. In 1897, the first copies of the classic vampire novel “Dracula,” by Irish writer Bram Stoker, appeared in London bookshops. In 1927, Henry Ford and his son Edsel drove the 15 millionth Model T Ford out of their factory, marking the automobile’s official last day of production. In 1946, a patent was filed in the United States for the H-bomb. In 1978, the first legal casino in the Eastern U.S. opened in Atlantic City, New Jersey. In 1988, the Edmonton Oilers won their fourth NHL Stanley Cup in five seasons. In 1998, the U.S. Supreme Court ruled that Ellis Island was mainly in New Jersey, not New York.
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