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DB Focus
An Unstable Time for Funding
An Unstable Time for Funding
In light of the impact of COVID-19, more funding relief is needed.
The Importance of Social Security Education for Participants
In case you missed it, the very informative Plan Progress webinar about Social Security and educating employees about this program is available to watch on demand, as well as other previous webinars.
Most Read
Delivering Robust Retirement Communication and Education on a Budget
2022 Plan Sponsor of the Year
2021 Recordkeeping Survey
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
2022 Best in Class 401(k) Plans
Economic Events
Interest on a 30-year fixed-rate mortgage averaged 2.81% for the week ending October 29, up slightly from last week when it averaged 2.80%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.78%. Interest on a 15-year fixed-rate mortgage averaged 2.32%, down slightly from last week when it averaged 2.33%. A year ago at this time, the 15-year FRM averaged 3.19%.

In the week ending October 24, the advance figure for seasonally adjusted initial claims for unemployment insurance was 751,000, a decrease of 40,000 from the previous week’s revised level of 791,000, the Labor Department reported. The four-week moving average was 787,750, a decrease of 24,500 from the previous week’s revised average of 812,250.
Market Mirror
Thursday, the Dow increased 139.16 points (0.52%) to 26,659.11, the NASDAQ climbed 180.73 points (1.64%) to 11,185.59, and the S&P 500 gained 39.08 points (1.19%) to finish at 3,310.11. The Russell 2000 fell 29.13 points (1.83%) to 1,561.58, and the Wilshire 5000 closed 377.58 points (1.12%) higher at 34,216.37.

The price of the 10-year Treasury note was down 6/32, increasing its yield to 0.830%. The price of the 30-year Treasury bond decreased 1 2/32, bringing its yield up to 1.611%.
DOL ERISA Enforcement Results Increase From Previous Year
The agency’s enforcement report describes some ways enforcement actions are initiated.
Market Watchers Urge Calm as Volatility Spikes
This week has delivered a painful but necessary ‘reality based’ repricing, one expert says.
T. Rowe Price Secures PNC Stable Value Fund
Terms of the transaction were finalized on September 25. 
Small Talk
ON THIS DATE: In 1735, John Adams, America’s second president, was born in Braintree, Massachusetts. In 1894, the time clock was patented by Daniel M. Cooper of Rochester, New York. In 1938, “The War of the Worlds”—Orson Welles’s realistic radio dramatization of a Martian invasion of Earth—was broadcast on the radio. In 1953, General George C. Marshall was awarded the Nobel Peace Prize. In 1974, 32-year-old Muhammad Ali became the heavyweight champion of the world for the second time when he knocked out 25-year-old champ George Foreman in the eighth round of the “Rumble in the Jungle,” a match in Kinshasa, Zaire. In 2001, Michael Jordan returned to the NBA with the Washington Wizards after a 3.5-year retirement.

And now it’s time for some FRIDAY FUN!
This dog has found a new way to get its belly scratched.

A person has found a way to honor those who lost their lives due to COVID-19 with his or her Halloween display.

In Haines City, Florida, the election is making people do crazy things. A 26-year-old man has been arrested after stealing a bulldozer from a Florida construction site. He took the bulldozer to a neighborhood and knocked down campaign signs for Joe Biden, as well as some fences. He has been charged with grand theft auto and trespassing. The Associate Press reports that the man has said he was too drunk to remember what happened.

In Largo, Florida, a man was arrested this week on a domestic battery charge. The man told police he was heavily intoxicated while arguing with his girlfriend, according to a criminal complaint. Refusing his girlfriend’s requests to leave the home, the man “threw a pumpkin and all insides of the pumpkin at the subject,” the complaint alleges. The main claims he “threw the pumpkin at the sliding doors,” not at his girlfriend.

Have a great, safe weekend!
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