Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO May 28th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Total Benefits | Total Retirement Offering
How TRO Might Benefit Plans
How TRO Might Benefit Plans
Administrative efficiencies and cost of services are just 2 advantages.
Awards
2021 Plan Sponsors of the Year
We are pleased to announce the 2021 Plan Sponsor of the Year winner in the Corporate 401(k) >$300MM–$1B category: Akin Gump Strauss Hauer & Feld LLP.
Most Read

2021 Participant Survey
Data and Research
Participants Missing the Full Match Remains a Big Problem
Research
2021 Recordkeeping Survey
2021 Plan Sponsors of the Year
We are pleased to announce the 2021 Plan Sponsor of the Year winner in the Corporate 401(k) >$150MM–$300MM category: Crate and Barrel Holdings.
Economic Events
New orders for manufactured durable goods in April decreased $3.2 billion or 1.3% to $246.2 billion, the U.S. Census Bureau announced. This decrease, down following eleven consecutive monthly increases, followed a 1.3% March increase. Excluding transportation, new orders increased 1.0%. Excluding defense, new orders were virtually unchanged. Transportation equipment, down two consecutive months, drove the decrease, $4.9 billion or 6.7% to $68.9 billion.

Interest on a 30-year fixed-rate mortgage averaged 2.95% for the week ending May 27, down from last week when it averaged 3.00%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.15%. Interest on a 15-year fixed-rate mortgage averaged 2.27%, down from last week when it averaged 2.29%. A year ago at this time, the 15-year FRM averaged 2.62%.

In the week ending May 22, the advance figure for seasonally adjusted initial claims for unemployment insurance was 406,000, a decrease of 38,000 from the previous week’s unrevised level of 444,000, the Labor Department reported. This is the lowest level for initial claims since March 14, 2020, when it was 256,000. The four-week moving average was 458,750, a decrease of 46,000 from the previous week’s unrevised average of 504,750. This is the lowest level for this average since March 14, 2020, when it was 225,500.
Market Mirror
Thursday, the Dow closed 141.59 points (0.41%) higher at 34,464.64, the Nasdaq was down 1.72 points (0.01%) at 13,736.28, and the S&P 500 was up 4.89 points (0.12%) at 4,200.88. The Russell 2000 gained 23.80 points (1.06%) to finish at 2,273.07, and the Wilshire 5000 increased 114.73 points (0.26%) to 43,943.28.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.604%. The price of the 30-year Treasury bond decreased 27/32, bringing its yield up to 2.285%.
Compliance
Aon Hewitt and Lowe’s 401(k) Participant Fail to Reach Settlement
Court documents did not specify the status of negotiations with defendant Lowe’s Cos., but claims against Aon Hewitt Investment Consulting will move forward.
Biden Asks DOL to Consider Rescinding Last ESG Rule
The president appears to want to pave the way for more ESG investing in retirement plans.
Data and Research
Contributions to TDFs Fell As the Market Rebound Increased Assets
The activity of TDFs contrasted with that of other mutual funds, while CITs increased market share of target-date strategies.
Products
Investment Product and Service Launches
T. Rowe Price announces fee reductions on TDFs and trusts; ICMA-RC details new updates to its managed accounts platform; Northern Trust updates workflow tool; and more.
Small Talk
ON THIS DATE: In 1892, the Sierra Club was organized in San Francisco. In 1928, Chrysler Corporation merged with Dodge Brothers, Inc. In 1957, National League owners voted unanimously to allow the New York Giants and Brooklyn Dodgers to move to San Francisco and Los Angeles, respectively, at the mid-season owner’s meeting in Chicago. In 1961, Amnesty International, a human rights organization, was founded. In 1998, Dr. Susan Terebey discovered a planet outside of our solar system with the use of photos taken by the Hubble Space Telescope. In 2015, the Observatory at One World Trade Center officially opened.

And now it’s time for some FRIDAY FUN!
Sometimes working out could be harmful.

Here’s what happens when you play catchy music for a taekwondo match.

This dog just wants his five minutes of fame.

In Southwick, Massachusetts, a woman in a hurry on her lunch break threw away a $1 million winning lottery scratch-off ticket. However, the honest store owners reunited her with her fortune. According to the Associated Press, she said she scratched it quickly and it didn’t look like a winner, so she handed it to the store clerk to throw away. The ticket laid behind the counter for 10 days when the store’s owner saw it and noticed not all numbers were scratched off. Once he scratched it and discovered it was a winner, he and his parents visited the woman, a regular at the store, and returned it to her.

Have a great weekend! Please take time to remember all the heroes who sacrificed for our freedom. NewsDash will be back in your inbox on Tuesday.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2021 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850