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Insight on Plan Design & Investment Strategy Every Weekday
Plan Sponsor Coach
Health Savings Strategies
Health Savings Strategies
FSAs, HSAs and HRAs differ—but how?
Outside Sources Can Aid Plan Sponsors’ Financial Education Efforts
Entities other than retirement plan providers and advisers have recently announced initiatives.
Most Read
New Financial Audit Rule Increases Requirements for Plan Sponsors
2021 Recordkeeping Survey
Data and Research
Participants Missing the Full Match Remains a Big Problem
Principal Makes Retirement Plan Onboarding Platform Relevant to Hispanics
Principal has found that when Hispanic workers start to participate in a company plan, they tend to embrace the concept of savings.
Investment Product and Service Launches
John Hancock Investment Management expands fixed-income suite, and Millennium Trust adds investments to Workplace Savings Solutions.
SPONSORED BY: State Street Global Advisors
From Big to All:
Our 5 year target date mutual fund series milestone shows our evolution from institutional to everyone.
Economic Events
Sales of new single‐family houses in September were at a seasonally adjusted annual rate of 701,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.7% below the revised August rate of 706,000, but is 15.5% above the September 2018 estimate of 607,000.New orders for manufactured durable goods in September decreased $2.8 billion or 1.1% to $248.2 billion, the U.S. Census Bureau announced. This decrease, down following three consecutive monthly increases, followed a 0.3% August increase. Excluding transportation, new orders decreased 0.3%. Excluding defense, new orders decreased 1.2%. Transportation equipment, also down following three consecutive monthly increases, led the decrease, $2.3 billion or 2.7% to $84.5 billion.In the week ending October 19, the advance figure for seasonally adjusted initial claims for unemployment insurance was 212,000, a decrease of 6,000 from the previous week’s revised level of 218,000, the Labor Department reported. The four-week moving average was 215,000, a decrease of 750 from the previous week’s revised average of 215,750.

The average interest rate for a 30-year fixed-rate mortgage is 3.75%, up from 3.69% one week ago. The average interest rate for a 15-year fixed-rate mortgage is 3.18%, up from 3.15%.
Market Mirror
Thursday, the Dow was down 28.42 points (0.11%) at 26,805.53, the NASDAQ closed 66.00 points (0.81%) higher at 8,185.80, and the S&P 500 was up 5.77 points (0.19%) at 3,010.29. The Russell 2000 decreased 2.67 points (0.17%) to 1,550.18, and the Wilshire 5000 increased 76.87 points (0.25%) to 30,699.52.

The price of the 10-year Treasury note was virtually unchanged, with its yield at 1.766%, and the price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.261%.
School Board Broke Contract When It Suspended 403(b) Contributions
Georgia’s Supreme Court found a contract that required the Board to provide a two-year notice before changing plan funding was not voided by subsequent plan restatements.
Are employees relying on employers to solve financial problems?
Employees who are financially stressed and working out of economic necessity can negatively impact workplace productivity.
Small Talk
ON THIS DATE: In 1812, during the War of 1812, the U.S. frigate United States captured the British vessel Macedonian. In 1854, the Charge of the Light Brigade took place during the Crimean War. The British were winning the Battle of Balaclava when Lord James Cardigan received an order to attack the Russians. He took his troops into a valley and suffered 40 percent casualties. Later it was revealed that the order was the result of confusion and was not given intentionally. In 1881, Pablo Picasso, one of the greatest and most influential artists of the 20th century, was born in Malaga, Spain. In 1944, during the Battle of the Leyte Gulf, the Japanese deployed kamikaze (“divine wind”) suicide bombers against American warships for the first time. In 1955, the microwave oven, for home use, was introduced by The Tappan Company. In 1962, American author John Steinbeck was awarded the Nobel Prize in literature.
And now it’s time for FRIDAY FILES!In Menomonie, Wisconsin, a 20-year-old man decided to illegally BASE jump from a cellphone tower. However, he ended up having to call the police on himself when after his parachute became caught on a guy wire, leaving him dangling 50 feet from the ground, the Huffington Post reports. After being rescued, he was treated for injuries then arrested for criminal trespass.In Richmond, Virginia, scientists have reported successfully training a group of the rodents to drive tiny cars in exchange for bits of Froot Loops cereal, and found that learning the task lowered their stress levels. Their study not only demonstrates how sophisticated rat brains are, but could one day help in developing new non-pharmaceutical forms of treatment for mental illness, senior author Kelly Lambert of the University of Richmond told AFP on Wednesday.

Plus, “How dare mommy not give me a kiss!” and a light show to get you in the mood for Halloween.

Hoping everyone has a wonderful weekend!
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