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PLANSPONSOR NEWSDASH LOGO October 22nd, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Revisiting the DOL’s 2013 TDF Tips
Revisiting the DOL’s 2013 TDF Tips
Even as target-date funds evolve, the Department of Labor’s guidance for selecting and monitoring the funds is still relevant.
Data and Research
Older Workers Suffering Higher Unemployment Rates Since COVID-19
This threatens older workers' retirement security, says a report from The New School, in which it makes policy suggestions.
Most Read
Compliance
Cybersecurity Risks Still Lurking for Retirement Plan Sponsors
Benefits
Employers Increasingly Interested in ICHRAs as a Health Benefit Offering
Administration
Rules for Retaining Benefit Plan Records
SPONSORED BY: UMB Healthcare Services
Employers Hold the Key to Financial Well-Being in the Age of COVID-19
By Phil Mason
Market Mirror
Wednesday, the Dow lost 97.97 points (0.35%) to finish at 28,210.82, the NASDAQ decreased 31.80 points (0.28%) to 11,484.69, and the S&P 500 was down 7.56 points (0.22%) at 3,435.56. The Russell 2000 lost 13.93 points (0.86%) to finish at 1,603.78, and the Wilshire 5000 closed 115.27 points (0.32%) lower at 35,423.79.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.821%. The price of the 30-year Treasury bond decreased 7/32, bringing its yield up to 1.627%.
Opinions
Retirement Policy and Washington Politics Don’t Always Mix
Former PBGC Director Charles E.F. Millard discusses the benefits of automatic IRAs and the downfalls of eliminating tax incentives for retirement saving.
Investment Focus
Rethinking Fixed Income
What are the options besides bonds?
Small Talk
ON THIS DATE: In 1746, the College of New Jersey was officially chartered. It later became known as Princeton University. In 1939, the first televised pro football game was telecast from New York. Brooklyn defeated Philadelphia 23-14. In 1950, the Los Angeles Rams set an NFL record by defeating the Baltimore Colts 70-27. It was a record score for a regular season game. In 1962, President John Kennedy went on radio and television to inform the United States about his order to send U.S. forces to blockade Cuba. The blockade was in response to the discovery of Soviet missile bases on the island. In 1965, President Lyndon B. Johnson signed the Highway Beautification Act, which attempted to limit billboards and other forms of outdoor advertising, as well as unsightly roadside messes, along America’s interstate highways. In 1975, Air Force Technical Sergeant Leonard Matlovich was discharged after publicly declaring his homosexuality. His tombstone reads, “A gay Vietnam Veteran. When I was in the military they gave me a medal for killing two men and a discharge for loving one.” In 1981, the Professional Air Traffic Controllers Organization was decertified by the federal government for its strike the previous August. In 1986, President Ronald Reagan signed the Tax Reform Act of 1986 (TRA ’86) into law. In 2010, the International Space Station set the record (3641 days) for the longest continuous human occupation of space. It had been continuously inhabited since November 2, 2000.
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