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PLANSPONSOR NEWSDASH LOGO September 23rd, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Inside Angle
DOL’s Next Moves
DOL’s Next Moves
What’s in store for the rest of the year?
Opinions
HSA Investment Options and Best Practices
Peg Knox, with DCIIA, presents data and recommendations for health savings account investment lineups.
Most Read
Compliance
New Financial Audit Rule Increases Requirements for Plan Sponsors
Data and Research
Participants Missing the Full Match Remains a Big Problem
Compliance
Parties in Church Plan Lawsuit Finally Get Preliminary Approval of Settlement
SPONSORED BY: Pacific Life
Effective Communication in a Hybrid Work Environment
Join Alan Parisse and Lisa Casden for this on-demand 4-part series presented by Pacific Life
Economic Events
Existing-home sales retreated in August, breaking two straight months of increases, according to the National Association of Realtors. Each of the four major U.S. regions experienced declines on both a month-over-month and a year-over-year perspective. Total existing home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—fell 2.0% from July to a seasonally adjusted annual rate of 5.88 million in August. Year-over-year, sales dropped 1.5% from a year ago (5.97 million in August 2020).
Market Mirror
Wednesday, the Dow gained 338.48 points (1.00%) to finish at 34,258.32, the Nasdaq closed 150.45 points (1.02%) higher at 14,896.85, and the S&P 500 increased 41.45 points (0.95%) to 4,395.64. The Russell 2000 was up 32.38 points (1.48%) at 2,218.56, and the Wilshire 5000 climbed 443.27 points (0.98%) to 45,769.73.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.313%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 1.820%.
Compliance
PBGC Addresses Multiemployer Plan SFA Applications Received Before Final Rule
The agency is accepting applications before a final rule is published and says any changes will not reduce the amount of assistance a plan might receive.
Products
Vanguard to Offer Auto-Portability Solution to 401(k) Plan Clients
The firm is partnering with Retirement Clearinghouse to help plan sponsors simplify small-balance 401(k) rollovers.
Small Talk
ON THIS DATE: In 1642, the first commencement at Harvard College, in Cambridge, Massachusetts, was held. In 1806, the Corps of Discovery, the Lewis and Clark expedition, returned to St. Louis, Missouri, from the expedition to the Pacific Northwest. 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 1951, the first transcontinental telecast was received on the west coast. The show “Crusade for Freedom” was broadcast by CBS-TV from New York. In 1962, “The Jetsons” premiered on ABC-TV. It was the first program on the network to be carried in color. 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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