Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO November 5th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
IRS Announces 2022 Retirement Plan Contribution and Benefit Limits
Most defined contribution plan participants can defer up to $20,500 to plans in 2022.
Data and Research
Meeting Nurses’ Financial Wellness and Retirement Savings Needs
While many nurses show positive retirement savings behavior, they might be struggling with financial wellness, and employers can help.
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
Interest on a 30-year fixed-rate mortgage (FRM) averaged 3.09% for the week ending November 4, down from last week when it averaged 3.14%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 2.78%. Interest on a 15-year FRM averaged 2.35%, down from last week when it averaged 2.37%. A year ago at this time, the 15-year FRM averaged 2.32%.

In the week ending October 30, the advance figure for seasonally adjusted initial claims for unemployment insurance was 269,000, a decrease of 14,000 from the previous week’s revised level of 283,000, 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 284,750, a decrease of 15,000 from the previous week’s revised average of 299.750. This is the lowest level for this average since March 14, 2020, when it was 225,500.
Market Mirror
Thursday, the Dow decreased 33.35 points (0.09%) to 36,124.23, the Nasdaq climbed 128.72 points (0.81%) to 15,940.31, and the S&P 500 closed 19.49 points (0.42%) higher at 4,680.06. The Russell 2000 was down 1.84 points (0.08%) at 2,402.43, and the Wilshire 5000 gained 149.50 points (0.31%) to finish at 48,671.37.

The price of the 10-year Treasury note increased 29/32, bringing its yield down to 1.535%. The price of the 30-year Treasury bond climbed 1 1/32, decreasing its yield to 1.972%.
Products
Investment Product and Service Launches
PIMCO, Morningstar team up on personalized TDF solution; Schwab launches the Schwab Ariel ESG ETF; and Confluence Technologies to acquire Investment Metrics.
Small Talk
ON THIS DATE: In 1872, in the U.S., Susan B. Anthony was fined $100 for attempting to vote in the presidential election. She never paid the fine. In 1912, Democrat Woodrow Wilson was elected the 28th president of the United States, with Thomas R. Marshall as vice president. In 1935, the game “Monopoly” was introduced by Parker Brothers Company. In 1940, President Franklin Roosevelt won an unprecedented third term in office. In 1959, the American Football League was formed. In 1974, Ella T. Grasso was elected governor of Connecticut. She was the first woman in the U.S. to win a governorship without succeeding her husband. In 1994, George Foreman, age 45, became boxing’s oldest heavyweight champion when he defeated 26-year-old Michael Moorer in the 10th round of their WBA fight in Las Vegas.

And now it’s time for some FRIDAY FUN!
I’ve never seen so many antics at a children’s concert before.

A cat chilling like a human.

In Hong Kong, a new bus tour is meant to appeal to people who are easily lulled asleep by long rides. “When we were brainstorming new tours, I saw a social media post from my friend saying that he was stressed out by his work, he couldn’t sleep at night,” said Kenneth Kong, the marketing and business development manager of ulu travel, the organizer of the bus tours, according to the Associated Press. “But when he was traveling on the bus, he was able to sleep well. His post inspired us to create this tour that lets passengers just sleep on the bus.” Tickets cost between $13 to $51 per person, depending on whether they choose seats on the upper or lower deck. A goodie bag for passengers includes an eye-mask and ear plugs for better sleep, the news report says.

Have a great weekend!
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