Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
BIPOC Employees Have Multiple Concerns About Retirement
Allianz Life says a nuanced approach is necessary to help Black, Indigenous, Hispanic and Asian/Asian American employees achieve their goals.
Deals and People
Retirement Industry People Moves
Seasoned ERISA attorney joins Wagner Law Group; EBRI hires new research and development strategist; and Lockton Companies selects employee benefits practice vice president.
Most Read
More TDF Underperformance Lawsuits Emerge Across US
Data and Research
Plan Sponsors and Participants Cite Different ‘Important’ Benefits
Managed Account Fees Challenged in Latest ERISA Lawsuit
Economic Events
Sales of new single‐family houses in August were at a seasonally adjusted annual rate of 740,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5% above the revised July rate of 729,000, but is 24.3% below the August 2020 estimate of 977,000.

Today, the Census Bureau will report about durable goods orders for August. Tomorrow, the Conference Board will release its Consumer Confidence Index for September. Thursday, the Labor Department will issue its initial claims report, and Freddie Mac will update average mortgage rates for the week. Friday, the Census Bureau will report about construction spending for August.
Market Mirror
Friday, the Dow increased 33.18 points (0.10%) to 34,798.00, the Nasdaq was down 4.55 points (0.03%) at 15,047.70, and the S&P 500 closed 6.50 points (0.15%) higher at 4,455.48. The Russell 2000 decreased 10.97 points (0.49%) to 2,248.07, and the Wilshire 5000 was up 21.83 points (0.05%) at 46,361.17.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.454%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 1.985%.

For the week ending September 24, the Dow climbed 0.62%, the Nasdaq was up 0.02%, and the S&P 500 gained 0.51%. The Russell 2000 finished 0.50% higher, and the Wilshire 5000 increased 0.47%.
Insurance Agents Charged With Duping California Educators Into Reinvesting Retirement Money
The owner of a 403(b) plan administration firm and another insurance agent allegedly convinced educators to roll retirement plan money into an IRA to invest in the owner’s companies, which were in poor financial shape.
Northern Trust Added as Defendant in AutoZone ERISA Lawsuit
Northern Trust is accused of giving AutoZone bad direction regarding investments in Prudential’s GoalMaker solution, allegedly due to a conflict of interest.
Small Talk
ON THIS DATE: In 1779, John Adams was elected to negotiate with the British over the American Revolutionary War peace terms. In 1954, the “Tonight!” show made its debut on NBC-TV with Steve Allen as host. In 1979, the Department of Education became the 13th Cabinet in U.S. history after the final approval from Congress. In 1986, the Senate approved the most sweeping federal tax code changes since World War II. In 1989, two men went over the 176-foot-high Niagara Falls in a barrel. Jeffrey Petkovich and Peter Debernardi were the first to ever survive the Horshoe Falls. In 1995, the government unveiled the redesigned $100 bill. It featured a larger, off-center portrait of Benjamin Franklin.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850