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|Sponsors See Increasing Value In Education-Related Benefits:
|Nearly half of respondents to the PLANSPONSOR Defined Contribution Survey say they offer some form of tuition reimbursement program for employees—far greater than the number offering student loan repayment support. Paul Curley, director of college savings research for Strategic Insight, suggests “529 product providers should note that employers offer the benefits of a 529, tuition reimbursement and student loan repayment together, as opposed to one higher education benefit over another.”
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|Yesterday, the Dow was down 51.37 points (0.24%) at 20,954.34, the NASDAQ lost 21.58 points (0.37%) to finish at 5,849.17, and the S&P 500 dropped 7.81 points (0.33%) to 2,375.31. The Russell 2000 lost 9.89 points (0.71%) to 1,384.24, and the Wilshire 5000 closed 91.44 points (0.37%) lower at 24,727.57.|
On the NYSE, 3.2 billion shares traded, with 2.3 declining issues for every 1 advancing issue. On the NASDAQ, 1.9 billion shares changed hands, with a 2.4 to 1 ratio of decliners to advancers.
The price of the 10-year Treasury note decreased 5/32, bringing its yield up to 2.498%. The price of the 30-year Treasury bond fell 21/32, increasing its yield to 3.105%.
|From the Magazine|
|Research presented recently at the 2016 Defined Contribution Institutional Investment Association (DCIIA) Academic Forum suggests that, while investors utilize environmental, social and governance (ESG) investing and socially responsible investing (SRI) to receive the emotional benefits, they do not necessarily sacrifice the utilitarian benefits—i.e., returns—of traditional investment strategies. However, the presence of socially conscious investments in retirement plans has been fairly limited. In terms of product development that caters to DC plans, very few target-date fund (TDF) series have embraced this theme of incorporating values-based selection.
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|Pension Funded Status Down $15B YTD:
|The funded status of pension plans for companies in the S&P 500 has decreased by $15 billion year to date, according to the Aon Hewitt Pension Risk Tracker.
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TRIVIAL PURSUITS: The first product to have a bar code was Wrigley’s gum.
ON THIS DATE: In 322 BC, Aristotle, the Greek philosopher, died. In 1854, Charles Miller received a patent for the sewing machine. In 1876, Alexander Graham Bell received a patent for his telephone. In 1911, Willis Farnworth patented the coin-operated locker. In 1933, the board game Monopoly was invented. In 1968, the Battle of Saigon came to an end. In 1985, the first AIDS antibody test, an ELISA-type test, was released. In 1987, Mike Tyson became the youngest heavyweight titleholder when he beat James Smith in a decision during a 12-round fight in Las Vegas. In 1994, the U.S. Supreme Court ruled that parodies that poke fun at an original work can be considered "fair use" that does not require permission from the copyright holder.
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