November 16th, 2020 Insight on Plan Design & Investment Strategy Every Weekday Cover Revisiting Wellness How to present financial subjects in a light that engages employees now. Data and Research With Savings on the Decline, Health Care Workers Less Optimistic About Retirement A third are planning changes to their retirement date, with the majority planning to delay it. Most Read Compliance Cybersecurity Risks Still Lurking for Retirement Plan Sponsors Administration Rules for Retaining Benefit Plan Records Benefits What Happens When Student Loan Payment Deferral Ends? SPONSORED BY: AIG LIFE & RETIREMENT Your Employees’ Financial Futures Are Not One-Size-Fits-All. AIG Retirement Services has retirement solutions that are personalized for your employees’ futures. Economic Events The Producer Price Index for final demand advanced 0.3% in October, as prices for final demand goods rose 0.5%, and the index for final demand services moved up 0.2%, the Bureau of Labor Statistics reported. The final demand index increased 0.5% for the 12 months ended in October. Tomorrow, the Census Bureau will report about retail sales and business trade in October. Wednesday, the Census Bureau will report about housing starts for October. Thursday, the Labor Department will issue its initial claims report, and the National Association of Realtors will report about existing home sales for October. Market Mirror Friday, the Dow gained 399.64 points (1.37%) to finish at 29,479.81, the NASDAQ closed 119.70 points (1.02%) higher at 11,829.29, and the S&P 500 increased 48.14 points (1.36%) to 3,585.15. The Russell 2000 was up 35.57 points (2.08%) at 1,744.04, and the Wilshire 5000 climbed 485.71 points (1.33%) to 36,994.94. The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.895%. The price of the 30-year Treasury bond decreased 8/32, bringing its yield up to 1.649%. For the week ending November 13, the Dow gained 4.08%, the NASDAQ was down 0.55%, and the S&P 500 finished 2.16% higher. The Russell 2000 climbed 6.07%, and the Wilshire 5000 increased 2.04%. Compliance Boeing Defeats Stock Drop Suit Tied to 737 MAX Crashes Plaintiffs in stock drop lawsuits have had very limited success establishing standing under a precedent set by the landmark Supreme Court decision Fifth-Third v. Dudenhoeffer. Deals and People Retirement Industry People Moves Newport purchases PAi; Hub acquires Leading Edge businesses; and more. SPONSORED BY: AIG LIFE & RETIREMENT Help Your Employees Navigate Public Service Student Loan Forgiveness. AIG Retirement Services created a program that makes it simple – from eligibility to enrollment. Small Talk ON THIS DATE: In 1776, British troops captured Fort Washington during the American Revolution. In 1907, Indian Territory and Oklahoma Territory collectively entered the United States as Oklahoma, the 46th state. In 1959, “The Sound of Music” premiered on Broadway. In 1973, President Richard Nixon signed the Alaska Pipeline measure into law. In 1994, Major League Soccer announced that it would start its inaugural season in 1996. In 1999, Johnny Depp received a star on the Hollywood Walk of Fame. In 2000, Bill Clinton became the first serving U.S. president to visit Communist Vietnam. SURVEY SAYS: For many companies, this is the time of year for performance appraisals. Last week, I asked NewsDash readers, “Do you think employers should adjust expectations for employees to reach goals because of the pandemic?” And, “How do you think the pandemic has affected performance generally?” More than six in 10 responding readers said employers should reduce expectations for some goals, keep expectations the same for some, or increase expectations for some goals. The majority of respondents reported that they think the pandemic has hurt the performance of some employees and improved the performance of others. A few of the readers who left comments said considerations of goals and expectations should be determined on a case-by-case basis. A couple of respondents shared how their own performance has been affected. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise

©2020 Asset International Inc. All rights reserved. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850