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September 23rd, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Awards
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Get Notified When Nominations Open
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Each fall, PLANSPONSOR opens nominations for our annual Plan Sponsor of the Year and Retirement Plan Adviser of the Year awards. The best place to learn when the nominations open for these or any other awards programs is via our daily NewsDash and PLANADVISERDash email newsletters. However, if you would like to receive an email notifying you when nominations are open, please provide your information. 
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SPONSORED BY: SEI Investment Manager Services
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Remote Working, COVID-19 and Middle Office Outsourcing
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Maintaining operations amid uncertainty can be a challenge for asset managers. With the possibility of frequent black swan events, firms need to be prepared. Find out how to navigate the pandemic and bolster operational resilience. 
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| Economic Events |
Existing-home sales continued to climb in August, marking three consecutive months of positive sales gains, according to the National Association of Realtors. Each of the four major regions experienced both month-over-month and year-over-year growth, with the Northeast seeing the greatest improvement from the prior month.
Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 2.4% from July to a seasonally-adjusted annual rate of 6 million in August. Sales as a whole rose year-over-year, up 10.5% from a year ago (5.43 million in August 2019).
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| Market Mirror |
Tuesday, the Dow was up 140.48 points (0.52%) at 27,288.48, the NASDAQ climbed 184.84 points (1.71%) to 10,963.64, and the S&P 500 gained 34.51 points (1.05%) to finish at 3,315.57. The Russell 2000 increased 11.71 points (0.79%) to 1,496.96, and the Wilshire 5000 closed 350.49 points (1.04%) higher at 34,009.80.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.676%. The price of the 30-year Treasury bond decreased 2/32, bringing its yield up to 1.426%.
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Compliance
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Insurance Companies Agree to Settle Self-Dealing Suit
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Mutual of Omaha and United of Omaha agreed to pay $6.7 million to settle claims they selected certain investment options for Mutual of Omaha’s 401(k) plan to benefit the company and subsidiaries rather than plan participants.
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Investing
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PSNC 2020: New Thoughts About QDIAs
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A ‘dynamic QDIA’ that starts participants off in TDFs and then moves them to managed accounts is a potential trend for the future.
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PSNC 2020: Time to Get Serious About ESG?
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Environmental, social and governance investing is slowing becoming pervasive in DC plans, particularly as Millennials are poised to become the majority of the workforce.
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ON THIS DATE: In 1642, the first commencement at Harvard College, in Cambridge, Massachusetts, was held. In 1845, the Knickerbocker Base Ball Club of New York was formed by Alexander Joy Cartwright. It was the first baseball team in America. In 1846, German astronomer Johann Gottfried Galle discovered the planet Neptune at the Berlin Observatory. In 1930, flashbulbs were patented by Johannes Ostermeier. In 1962, “The Jetsons” premiered on ABC-TV. It was the first program on the network to be carried in color. In 1993, Blacks were allowed a role in the South African government after a parliamentary vote. In 1998, Jamie Lee Curtis received a star on the Hollywood Walk of Fame. In 1999, Siegfried & Roy received a star on the Hollywood Walk of Fame.
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WEDNESDAY WISDOM: “Reacting in anger or annoyance will not advance one’s ability to persuade.”—Ruth Bader Ginsburg
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