Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
The Difference Between Fee-Based and Fee-Only Advisers
The Difference Between Fee-Based and Fee-Only Advisers
It’s important to know how advisers get paid, as well as whether those sources of income could cause a problem for retirement plan sponsors or participants.
New Financial Education Strategies Anticipated After Biden Win
With a new president coming into the White House in 2021, experts are banking on new plans for financial education in the future.
Most Read
New Retirement Bill Amending ERISA Introduced in Congress
Pensions Will Recoup Losses From Allianz Structured Alpha Investments
Deals and People
Retirement Industry People Moves
Economic Events
The combined value of distributive trade sales and manufacturers’ shipments for September, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,465.1 billion, up 0.6% from August and up 0.8% from September 2019, the Census Bureau announced.

Advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $553.3 billion, an increase of 0.3% from the previous month, and 5.7% above October 2019. Total sales for the August through October period were up 5.1% from the same period a year ago. Retail trade sales were up 0.3% from September, and 8.5% above last year. Nonstore retailers were up 29.1% from October 2019, while building material and garden equipment and supplies dealers were up 19.5% from last year.
Market Mirror
Tuesday, the Dow lost 167.09 points (0.56%) to finish at 29,783.35, the NASDAQ was down 24.79 points (0.21%) at 11,899.34, and the S&P 500 closed 17.38 points (0.48%) lower at 3,609.53. The Russell 2000 climbed 47.87 points (2.74%) to 1,791.91, and the Wilshire 5000 decreased 84.52 points (0.23%) to 37,372.38.

The price of the 10-year Treasury note increased 25/32, bringing its yield down to 0.871%. The price of the 30-year Treasury bond climbed 32/32, decreasing its yield to 1.622%.
Ask the Experts
Rules for Bringing Back Laid Off or Furloughed Employees
We are a 403(b) higher education plan sponsor who laid off and furloughed employees due to the COVID-19 pandemic. We have now hired back/recalled from many of those employees. Could the Experts opine as to some of the major 403(b) retirement plan issues I should be addressing for rehires? Thanks!”
Mesirow Gets Into the PEP Business
Newport Group will be the recordkeeper for the pooled employer plan.
Small Talk
A study of 2,000 Americans examined the importance of feeling appreciated at work, especially amid the struggles of 2020. The survey, conducted by OnePoll on behalf of Motivosity, found more than half of employed respondents working from home revealed they haven’t felt much gratitude from their job since they stopped commuting. Seven in 10 said they’re working more and harder than ever before. Fifty-five percent of employees surveyed said they are ready to cut back on their efforts since they feel what they do seems to go unnoticed.
In 1883, at exactly noon, American and Canadian railroads began using four continental time zones to end the confusion of dealing with thousands of local times. In 1928, the first successful sound-synchronized animated cartoon premiered in New York. It was Walt Disney’s “Steamboat Willie,” starring Mickey Mouse. In 1966, Sandy Koufax, the ace pitcher for the Los Angeles Dodgers, retired from baseball. In 1969, Apollo 12 astronauts Charles “Pete” Conrad Jr. and Alan L. Bean landed on the lunar surface during the second manned mission to the moon. In 1978, Peoples Temple founder Jim Jones led hundreds of his followers in a mass murder-suicide at their agricultural commune in a remote part of the South American nation of Guyana. In 1993, representatives from 21 South African political parties approved a new constitution.
WEDNESDAY WISDOM: “An optimist is a person who starts a new diet on Thanksgiving Day.”—Irv Kupcinet, former columnist for the Chicago Sun-Times
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
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850