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Repositioning Financial Wellness and Retirement Benefits for 2021
Repositioning Financial Wellness and Retirement Benefits for 2021
Plan sponsors can take steps now to make sure their plans are ready to meet fiduciary obligations and participants’ needs in the new year.
Data and Research
Views of Financial Resiliency Differ by Generation
Plan sponsors can address all components needed to help employees feel financially secure in employer financial wellness programs and education.
Most Read
Data and Research
Health Care in Retirement Will Cost an Average of $315,000
Deals and People
Retirement Industry People Moves
Data and Research
401(k) vs. 403(b): Different Paths to Retirement Readiness
Economic Events
Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,415,000, the Census Bureau reported. This is 1.9% above the revised August estimate of 1,388,000 and is 11.1% above the September 2019 rate of 1,274,000. Single-family housing starts in September were at a rate of 1,108,000; this is 8.5% above the revised August figure of 1,021,000. The September rate for units in buildings with five units or more was 295,000.
Market Mirror
Tuesday, the Dow gained 113.37 points (0.40%) to finish at 28,308.79, the NASDAQ increased 37.61 points (0.33%) to 11,516.49, and the S&P 500 climbed 16.20 points (0.47%) to 3,443.12. The Russell 2000 was up 4.08 points (0.25%) at 1,617.71, and the Wilshire 5000 closed 125.60 points (0.35%) higher at 35,538.99.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 0.792%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 1.598%.
Advisers Can Spearhead Retirement Plan Committee Setup and Training
Plan sponsors can trust advisers to help with committee decisions and training and expect input from ERISA attorneys.
Ask the Experts
What Types of Situations Does a ‘Mistake of Fact’ Plan Document Provision Cover?
“I was reading my ERISA 403(b) plan document and came across a “mistake of fact” provision that permits employer contributions to be returned to the plan sponsor within a year of contribution. However, the plan does not define what constitutes a mistake of fact. Can the Experts clarify?”
Understanding the Types of Annuities Retirement Plans Can Use
The goals of plan sponsors and participants will help determine which option is best.
Small Talk
ON THIS DATE: In 1797, “Old Ironsides,” the U.S. Navy frigate Constitution, was launched in Boston’s harbor. In 1944, during World War II, the German city of Aachen was captured by U.S. troops. In 1959, the Guggenheim Museum was opened to the public in New York City. In 1967, in Washington, D.C. nearly 100,000 people gathered to protest the American war effort in Vietnam. In 1980, the Philadelphia Phillies won their first World Series. In 1998, the New York Yankees set a major league baseball record of 125 victories for the regular and postseason combined.
WEDNESDAY WISDOM: “With the new day comes new strength and new thoughts.”—Eleanor Roosevelt
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