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PLANSPONSOR NEWSDASH LOGO September 8th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Investing
The ESG Landscape: Green, Not ‘Greenwashed’
The ESG Landscape: Green, Not ‘Greenwashed’
There’s little evidence of the practice among sustainable investments, says S&P, as investors increasingly want proof an investment is doing what it claims and is not just a label.
Opinions
Behavioral Science-Backed Strategies for Financial Wellness Engagement
Beth Brockland, with Financial Health Network, shares three ways to help employees best use their financial wellness benefits.
Most Read
Administration
Participants Will Need Support to Understand Lifetime Income Projections
Data and Research
DB Plans Retain Cost Advantage Over DC Plans
Compliance
Milliman Accused of Failing to Prune Bad Investments From 401(k)
Market Mirror
Tuesday, the Dow fell 269.09 points (0.76%) to 35,100.00, the Nasdaq was up 10.81 points (0.07%) at 15,374.33, and the S&P 500 decreased 15.40 points (0.34%) to 4,520.03. The Russell 2000 lost 16.44 points (0.72%) to finish at 2,275.61, and the Wilshire 5000 closed 186.94 points (0.40%) lower at 47,011.33.

The price of the 10-year Treasury note decreased 26/32, bringing its yield up to 1.372%. The price of the 30-year Treasury bond fell 32/32, increasing its yield to 1.991%.
Compliance
District Court Roundly Rejects Oshkosh ERISA Challenge
The court said that a plan’s mere underperformance, absent any specific allegations of imprudence, is not actionable.
Retirement Reforms Included in Key House Committee Budget Language
Legislation drafted as part of the Congressional budget reconciliation process includes a broad mandate for employers to offer retirement plans, along with language promoting guaranteed retirement income investments.
Products
US SIF Releases Tips to Implement Sustainable Funds
As more participants express an interest in ESG investing, US SIF recommends steps plan sponsors can take to add the investments to retirement plans.
Small Talk
A new study conducted by The Conference Board in August found 42% of the 2,400 workers surveyed are worried about returning to the workplace for fear of contracting the Delta variant of the coronavirus. That number has increased by almost 20 percentage points, compared with 24% who had the same concern in June. Survey findings also revealed that one-third of workers are considering leaving their jobs within the next six months, with many hoping to find flexible work environments.
ON THIS DATE: In 1504, Michelangelo’s statue of David was unveiled to the public. In 1565, a Spanish expedition established the first permanent European settlement in North America at present-day St. Augustine, Florida. In 1664, the Dutch surrendered New Amsterdam to the British, who then renamed it New York. In 1866, the first recorded birth of sextuplets took place in Chicago. In 1945, Bess Myerson of New York was the first Jewish contestant to be crowned Miss America. In 1957, 30-year-old Althea Gibson became the first African American to win the U.S. Open tennis title. In 1960, NASA’s Marshall Space Flight Center in Huntsville, Alabama, was dedicated by President Dwight D. Eisenhower. In 1966, NBC-TV aired the first episode of “Star Trek” entitled “The Man Trap”.  In 1974, in a controversial executive action, President Gerald Ford pardoned his predecessor Richard M. Nixon for any crimes he may have committed or participated in while in office. In 1986, Herschel Walker made his start in the National Football League (NFL) after leaving the New Jersey Generals of the USFL.

WEDNESDAY WISDOM: “He was a bold man that first ate an oyster.”—Jonathan Swift, Anglo-Irish satirist
Industry Intel Roundup—Thought Leadership
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
SPONSORED BY: Edelman Financial Engines
What’s Next for Retirement Income?
The retirement industry has always adapted to support the shifting financial complexities facing American workers. Recent events have put a spotlight on the need for additional retirement income support. While there may not be a universal solution for all employees, there are steps plan sponsors can take to give participants confidence in planning for a smooth transition into retirement.
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