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May 27th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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Research
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2021 Defined Benefit Administration Survey
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Like our Recordkeeping Survey for the defined contribution (DC) plan market, the DB Administration Survey showcases providers in the defined benefit (DB) plan market—who the major players are, who they serve, what services they provide. Also included is information on overall market sizing. 
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Awards
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2021 Plan Sponsors of the Year
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We are pleased to announce the 2021 Plan Sponsor of the Year winner in the Corporate 401(k) >$150MM–$300MM category: Crate and Barrell Holdings.
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| Market Mirror |
Wednesday, the Dow was up 10.59 points (0.03%) at 34,323.05, the Nasdaq gained 80.82 points (0.59%) to finish at 13,738.00, and the S&P 500 increased 7.86 points (0.19%) to 4,195.99. The Russell 2000 climbed 43.52 points (1.97%) to 2,249.27, and the Wilshire 5000 closed 208.81 points (0.48%) higher at 43,828.55.
The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.580%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 2.269%.
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Compliance
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Lengthy Self-Dealing Lawsuit Filed Against State Street
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The complaint alleges that many of the funds offered by State Street in its staff retirement plan were selected and retained because the defendants benefited financially from their inclusion, to the detriment of the participants.
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ON THIS DATE: In 1926, bronze figures of Huck Finn and Tom Sawyer were erected in Hannibal, Missouri. In 1933, Walt Disney’s “Three Little Pigs” was first released. In 1933, the Federal Securities Act was signed. The act required the registration of securities with the Federal Trade Commission. In 1968, after 48 years as coach of the Chicago Bears, George Halas retired. In 1969, construction of Walt Disney World began in Florida. In 1995, in Charlottesville, Virginia, actor Christopher Reeve was paralyzed after being thrown from his horse during a jumping event.
No SURVEY SAYS this week.
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