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Bolstering Retirement Benefits to Recruit, Retain and Reward Workers
Bolstering Retirement Benefits to Recruit, Retain and Reward Workers
Employers would be wise to boost retirement and financial security benefits in light of the labor market shifts prompted by the COVID-19 pandemic. 
Data and Research
Target-Date Funds Continue to Be Popular Among Younger 401(k) Plan Participants
Research on 2019 dataset from EBRI/ICI database finds the bulk of assets overall were invested in stocks.
Most Read
Schlichter: Significant Pleading Standard Will Not Slow Lawsuits
Data and Research
Student Loan Repayments Expected to Derail Employees’ Retirement Savings
Data and Research
Defined Contribution Plans Climb for 4th Straight Quarter
Wednesday, the Dow gained 932.27 points (2.81%) to 34,061.06, the Nasdaq was up 401.10 points (3.19%) to close at 12,964.86, and the S&P 500 increased 124.69 points (2.99%) to 4,300.17. The Russell 2000 climbed 51.06 points (2.69%) to 1,949.92, and the Wilshire 5000 was up 1,230.26 points (2.94%) to 43,050.97.

The price of the 10-year Treasury note increased 25/32 lowering its yield down to 2.925%. The price of the 30-year Treasury bond fell 23/32 bringing up its yield to 3.022%.
Data and Research
Expanding on the Retirement Saver’s Credit
Awareness of the saver’s credit is low, and the Transamerica Center for Retirement Studies suggests that employers design campaigns to promote it.
In 1809, Mary Kies became the first woman to win a patent for a technique weaving straw with silk and thread. In 1821, Napoleon Bonaparte died as a British prisoner on the remote island of Saint Helena in the southern Atlantic Ocean. In 1862, during the French Mexican War, outnumbered Mexican army forces defeated a powerful invading French force at Puebla, and the day henceforth is celebrated as Cinco de Mayo. In 1865, the Thirteenth Amendment that abolished slavery in the U.S. was ratified. In 1921, Chanel No. 5 perfume was launched. In 1925, John T. Scopes, a biology teacher in Dayton, Tennessee, was arrested for teaching Darwin’s theory of evolution. In 1961, Astronaut Alan Shepard became the first American in space during his 15-minute suborbital flight. In 2002, “Spider-Man” became the first movie to top $100 million in an opening weekend.
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