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PLANSPONSOR NEWSDASH LOGO November 8th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Finding Fixed-Income ESG Investments for Retirement Plans
Finding Fixed-Income ESG Investments for Retirement Plans
Fixed income is important for defined benefit plans and defined contribution plan participants, so how can plan sponsors incorporate investments focused on sustainability?
Compliance
Service Provider Collaboration and the DOL’s Cybersecurity Guidance
Retirement plan sponsors may have difficulty achieving full compliance with the DOL’s cybersecurity guidance because many of the required actions are controlled by their service providers.
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
Total nonfarm payroll employment rose by 531,000 in October, and the unemployment rate edged down to 4.6% the Bureau of Labor Statistics reported. Job gains occurred in leisure and hospitality, professional and business services, manufacturing, and transportation and warehousing. Public education lost jobs.

Tomorrow, the Bureau of Labor Statistics will reveal the producer price index for October, and Wednesday, it will reveal the consumer price index for October.
Market Mirror
Friday, the Dow gained 203.72 points (0.56%) to 36,327.95, the Nasdaq climbed 31.28 points (0.20%) to 15,971.59, and the S&P 500 closed 17.47 points (0.37%) higher at 4,697.53. The Russell 2000 was up 34.65 points (1.44%) at 2,437.08, and the Wilshire 5000 gained 196.88 points (0.40%) to finish at 48,868.23.

The price of the 10-year Treasury note increased 29/32, bringing its yield down to 1.453%. The price of the 30-year Treasury bond climbed 1 30/32, decreasing its yield to 1.889%.

For the week ending November 5, the Dow increased 1.42%, the Nasdaq climbed 3.05%, and the S&P 500 gained 2.00%. The Russell 2000 was up 6.09%, and the Wilshire 5000 finished 2.25% higher.
Data and Research
Workers and Retirees Fret Long-Term Care Challenges
A new survey shows only about 26% of retirees can cover severe care needs for at least five years using income, financial assets and informal caregivers.
Deals and People
Retirement Industry People Moves
Wagner Law Group adds new attorney; NEPC hires former Aon executive as defined contribution solutions leader; and HealthEquity completes acquisition of Further.
Small Talk
ON THIS DATE: In 1793, the Louvre Museum, in Paris, opened to the public for the first time. In 1805, the “Corps of Discovery” reached the Pacific Ocean. The expedition was led by William Clark and Meriwether Lewis. The journey had begun on May 14, 1804, with the goal of exploring the Louisiana Purchase territory. In 1889, Montana became the 41st U.S. state. In 1895, physicist Wilhelm Conrad Röntgen became the first person to observe X-rays. In 1933, the Civil Works Administration was created by executive order by President Franklin D. Roosevelt. The organization was designed to create jobs for more than 4 million unemployed people in the U.S. In 1954, the American League approved the transfer of the Philadelphia Athletics baseball team to Kansas City, Missouri. In 1965, for action this day in the Iron Triangle northwest of Saigon, Specialist Five Lawrence Joel, a medic with the 1st Battalion, 503rd Airborne Infantry, 173rd Airborne Brigade was awarded the Medal of Honor, becoming the first living African American since the Spanish-American War to receive the nation’s highest award for valor. In 1966, Edward W. Brooke of Massachusetts became the first African-American elected to the U.S. Senate by popular vote. In 1980, scientists at the Jet Propulsion Laboratory in California announced that they had discovered a 15th moon orbiting the planet Saturn. In 1994, singer Salvatore “Sonny” Bono was elected to Congress. In 2000, in Florida, a statewide recount began to decide the winner of the 2000 U.S. presidential election.
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