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PLANSPONSOR NEWSDASH LOGO September 13th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Benefits
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
There are instances where a DB plan is the more cost-effective option, but experts say the trend of lower DC plan fees could be a game-changer.
Data and Research
Corporate Pension Funded Status Breaks Two-Month Losing Streak
The rest of the year could be promising for DB plans, depending on the Fed’s stance on interest rates and the effect of the infrastructure bill and the Delta variant on the markets.
Most Read
Research
2021 Recordkeeping Survey
Benefits
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
Investing
Considering the Arguments for and Against Actively Managed Funds in DC Plans
Economic Events
July sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $601.3 billion, up 2.0% from the revised June level and up 23.7% from the revised July 2020 level, the Census Bureau reported. The May to June percent change was revised from the preliminary estimate of up 2.0% to up 2.3%.

The producer price index for final demand advanced 0.7% in August, as prices for final demand services rose 0.7% and the index for final demand goods increased 1.0%, the Bureau of Labor Statistics announced. The final demand index moved up 8.3% for the 12 months ended in August.

Tomorrow, the Bureau of Labor Statistics will reveal the consumer price index for August. Thursday, the Labor Department will issue its initial claims report, Freddie Mac will update average mortgage rates for the week, and the Census Bureau will report about retail sales and business trade for August.
Market Mirror
Friday, the Dow lost 271.66 points (0.78%) to finish at 34,607.72, the Nasdaq closed 132.76 points (0.87%) lower at 15,115.49, and the S&P 500 decreased 34.70 points (0.77%) to 4,458.58. The Russell 2000 was down 21.58 points (0.96%) at 2,227.55, and the Wilshire 5000 fell 361.07 points (0.77%) to 46,344.36.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.335%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 1.932%.

For the week ending September 10, the Dow lost 2.15%, the Nasdaq was down 1.61%, and the S&P 500 decreased 1.69%. The Russell 2000 fell 2.81%, and the Wilshire 5000 finished 1.81% lower.
Benefits
Changing the Employee Benefit Strategy
Diversity, equity and inclusion efforts, as well as rising benefits costs, are causing some plan sponsors to reconsider their packages, says Willis Towers Watson.
Deals and People
Retirement Industry People Moves
Hub acquires Millennium Advisory Services; Dechert hires employee benefits and executive compensation partner; Alliant selects employee benefits vice president; and more.
Small Talk
ON THIS DATE: In 1922, in El Azizia, Libya, the highest shade temperature was recorded at 136.4 degrees Fahrenheit. In 1935, aviator Howard Hughes, Jr., of Houston, set a new airspeed record of 352 mph with his H-1 airplane (Winged Bullet). In 1948, the School of Performing Arts opened in New York City. It was the first public school to specialize in performing arts. In 1948, Margaret Chase Smith was elected to the U.S. Senate and became the first woman to serve in both houses of Congress. In 1949, the Ladies Professional Golf Association of America was formed. In 1970, the first New York City Marathon took place. Fireman Gary Muhrucke won the race. In 1971, a four-day revolt at the maximum-security Attica Correctional Facility near Buffalo, New York, ended when hundreds of state police officers stormed the complex in a hail of gunfire. In 1971, the World Hockey Association was formed. In 1977, the first diesel automobiles were introduced by General Motors. In 1993, after decades of bloody animosity, representatives of Israel and Palestine met on the South Lawn of the White House and signed a framework for peace. In 2001, U.S. Secretary of State Colin Powell named Osama bin Laden as the prime suspect in the terror attacks on the United States on September 11, 2001. Limited commercial flights resumed in the U.S. for the first time in two days.
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