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PLANSPONSOR NEWSDASH LOGO October 27th, 2021
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2021 Participant Survey
2021 Participant Survey
The PLANSPONSOR Participant Survey examines the attitudes and behaviors of American workers participating—or not—in an employer-sponsored retirement plan. It gathers data about savings rates, employer expectations and confidence levels, among other measures.
Data and Research
Fund Fees Continue to Decline
Fees fell for active as well as passive funds in 2020, but investors pay more for sustainable investments than traditional ones, Morningstar has found.
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
Sales of new single‐family houses in September were at a seasonally adjusted annual rate of 800,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 14% above the revised August rate of 702,000, but is 17.6% below the September 2020 estimate of 971,000.

The Conference Board Consumer Confidence Index increased in October, following declines in the previous three months. The Index now stands at 113.8 (1985=100), up from 109.8 in September. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—rose to 147.4 from 144.3 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—improved to 91.3 from 86.7.
Market Mirror
Tuesday, the Dow closed 15.73 points (0.04%) higher at 35,756.88, the Nasdaq was up 9.01 points (0.06%) at 15,235.72, and the S&P 500 inched up 8.31 points (0.18%) to 4,574.79. The Russell 2000 lost 16.56 points (0.72%) to finish at 2,296.08, and the Wilshire 5000 increased 12.52 points (0.03%) to 47,560.57.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 1.612%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 2.040%.
Compliance
Walgreen Co. Gets Rid of TDFs in Lawsuit Settlement
In addition to confirming the removal of challenged target-date funds, the defendants in the suit have agreed to a payment of $13.75 million.
A Pro-ESG Framework That Could Finally Stick
Now that industry experts have had some time to digest the DOL’s new proposal regarding the use of ESG investment factors by retirement plan fiduciaries, many seem to like what they see.
Small Talk
ON THIS DATE: In 1858, future President Theodore Roosevelt was born in New York City. In 1858, Roland Macy opened Macy’s Department Store in New York City. In 1873, a De Kalb, Illinois, farmer named Joseph Glidden submitted an application to the U.S. Patent Office for his new design for a fencing wire with sharp barbs. In 1904, the New York City subway system officially opened. It was the first rapid-transit subway system in America. In 1938, DuPont announced “nylon” as the new name for its new synthetic yarn. In 1954, the first Walt Disney television show “Disneyland” premiered on ABC. In 1962, complicated and tension-filled negotiations between the United States and the Soviet Union finally resulted in a plan to end the two-week-old Cuban Missile Crisis. In 1978, Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin were named winners of the Nobel Peace Prize for their progress toward achieving a Middle East accord. In 2002, the Anaheim Angels won their first World Series. They beat the San Francisco Giants in Game 7 of the series. In 2002, Emmitt Smith (Dallas Cowboys) became the all-time leading rusher in the NFL when he extended his career yardage to 16,743. He achieved the record in his 193rd game. He also scored his 150th career touchdown. In 2003, Bank of America Corp. announced it had agreed to buy FleetBoston Financial Corp. The deal created the second largest banking company in the U.S. In 2004, the Boston Red Sox won the World Series for the first time since 1918.
WEDNESDAY WISDOM: “Humanity is acquiring all the right technology for all the wrong reasons.”—R. Buckminster Fuller, American architect
Industry Intel Roundup—Featured Video
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring videos from sources with authoritative knowledge about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
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