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Insight on Plan Design & Investment Strategy Every Weekday
Participant Views on Retirement Plan Loans Can Inform Benefit Decisions
Additional benefits and loan policy changes can keep participants from taking loans while other strategies can prevent loan default.
Groups Launch Fraud Sharing Database for Financial Services Firms
FraudShare is a tool for reporting about the types and frequency of account takeover fraud occurring in the life insurance and retirement services industries.
Most Read
2022 Recordkeeping Survey
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
Defined Benefit Plans May Have New Life
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Market Mirror
Yesterday, the Dow gained 132.66 points (0.49%) to finish at 27,090.72, the NASDAQ closed 82.87 points (1.01%) higher at 8,325.99, and the S&P 500 increased 16.87 points (0.56%) to 3,039.42. The Russell 2000 was up 13.22 points (0.85%) at 1,571.93, and the Wilshire 5000 climbed 173.10 points (0.56%) to 31,009.32.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.847%. The price of the 30-year Treasury bond decreased 32/32, bringing its yield up to 2.334%.
The Odds Are Split for Senate SECURE Act Passage This Year
“Overall, it is an uncertain picture, but the SECURE Act is not dead in the water,” says Bradford Campbell, former EBSA head from 2006 to 2009. “I would say it is a little less than 50-50 that it happens this year.”
Goldman Sachs Accused of Self-Dealing in 401(k) Plan
Among other things, the lawsuit says Goldman Sachs did not prudently use revenue-sharing payments.
Court Recommendation Highlights Difficulty in Consolidating 403(b) Providers
Although a judge said annuity relationships may be “akin to a hostage-type situation,” he still recommended the suit against Columbia University move forward.
Small Talk
ON THIS DATE: In 1652, the Massachusetts Bay Colony proclaimed itself to be an independent commonwealth. In 1682, William Penn landed at what is now Chester, Pennsylvania. He was the founder of Pennsylvania. In 1863, the International Committee of the Red Cross was founded. In 1929, America’s Great Depression began with the crash of the Wall Street stock market. In 1940, the first peacetime military draft began in the U.S. In 1945, the first ballpoint pens to be made commercially went on sale at Gimbels Department Store in New York at the price of $12.50 each. In 1960, Muhammad Ali (Cassius Clay) won his first professional fight. In 1966, the National Organization for Women was founded. In 1969, the U.S. Supreme Court ordered an immediate end to all school segregation. In 1991, the U.S. Galileo spacecraft became the first to visit an asteroid (Gaspra). In 2001, KTLA broadcasted the first coast to coast HDTV network telecast.
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