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PLANSPONSOR NEWSDASH LOGO November 22nd, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
Among other things, the RISE Act would encourage retirement savings by allowing plan sponsors to offer small financial incentives to motivate employee participation.
UpFront
What Advisers Wish Plan Sponsors Knew
Experts say sponsors should focus on their fiduciary roles, as well as investment lineups and plan success.
Most Read
Research
2021 DC Plan Benchmarking Survey
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Data and Research
2022 Retirement Industry Trends to Follow
Economic Events
Today, the National Association of Realtors will report about existing home sales for October. Wednesday, the Labor Department will issue its initial claims report, Freddie Mac will update average mortgage rates for the week, and the Census Bureau will report about durable goods orders for October and new home sales for October.
Market Mirror
Friday, the Dow closed 268.97 points (0.75%) lower at 35,601.98, the Nasdaq closed 63.73 points (0.40%) higher at 16,057.44, and the S&P 500 was down 6.58 points (0.14%) at 4,697.96. The Russell 2000 lost 20.43 points (0.86%) to finish at 2,343.16, and the Wilshire 5000 decreased 123.83 points (0.25%) to 48,593.63.

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.543%. The price of the 30-year Treasury bond increased 1 26/32, bringing its yield down to 1.909%.

For the week ending November 19, the Dow lost 138%, the Nasdaq finished 1.24% higher, and the S&P 500 increased 0.32%. The Russell 2000 fell 2.85%, and the Wilshire 5000 was down 0.24%.
Compliance
ERISA Lawsuit Filed Against Olin Corp.
The claims closely resemble those in prior suits filed by the law firm Capozzi Adler.
Deals and People
Retirement Industry People Moves
North Pier adds senior consultant in Chicago; Natixis Investment Managers hires head of retirement and institutional business; and Mesirow appoints managing director to oversee structured debt.
Small Talk
ON THIS DATE: In 1718, Edward Teach, also known as Blackbeard, was killed during a bloody battle with a British navy force sent from Virginia off North Carolina’s Outer Banks. In 1910, Arthur F. Knight patented a steel shaft to replace wood shafts in golf clubs. In 1943, President Franklin Roosevelt, British Prime Minister Winston Churchill and Chinese leader Chiang Kai-shek met in Cairo to discuss the measures for defeating Japan. In 1950, the lowest scoring game in the NBA was played. The Fort Wayne Pistons (later the Detroit Pistons) defeated the Minneapolis Lakers (later the Los Angeles Lakers) 19-18. In 1963, President John F. Kennedy was assassinated. In 1985, 38,648 immigrants became citizens of the United States. It was the largest swearing-in ceremony. In 2005, Angela Merkel was elected as Germany’s first female chancellor.
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