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PLANSPONSOR NEWSDASH LOGO December 1st, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
The Basics of Terminating a DC Plan
The Basics of Terminating a DC Plan
From updating the plan with statutory amendments to filing the final Form 5500, there are many details to attend to when terminating a defined contribution plan.
Products
Transamerica Partners With Aegon on Streamlined DB Solution
Called Transamerica DB Complete, it aims to bring together all aspects of managing a defined benefit plan.
Most Read
Compliance
Effect of the Biden Administration on Health and Retirement Benefits
Compliance
Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program
Compliance
Cybersecurity Risks Still Lurking for Retirement Plan Sponsors
SPONSORED BY: PIMCO
The Time Has Come to Build the Retirement Tier
It’s time for defined contribution plans to create a retirement tier. Participants want control, flexibility and spending that matches income. Liquid, income-oriented strategies may best meet these preferences.
Market Mirror
Yesterday, the Dow lost 271.73 points (0.91%) to finish at 29,638.64, the NASDAQ was down 7.11 points (0.06%) at 12,198.74, and the S&P 500 decreased 16.72 points (0.46%) to 3,621.63. The Russell 2000 fell 35.45 points (1.91%) to 1,819.82, and the Wilshire 5000 closed 217.70 points (0.57%) lower at 37,839.67.

The price of the 10-year Treasury note was unchanged, with its yield at 0.845%. The price of the 30-year Treasury bond was up 1/32, decreasing its yield to 1.572%.
Compliance
Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program
The lawsuit alleges TIAA kept some of the interest participants paid on loans from their retirement plans, which it says ‘is the epitome of self-dealing.’
Abbott Brought Back Into Retirement Plan Cybersecurity Lawsuit
Previously dismissed from the lawsuit, Abbott is accused in an amended complaint of failing to monitor its recordkeeper and failing to enforce a security question routine on its benefits website.
ERISA Fiduciary Breach Complaint Targets Coca-Cola Bottler
The plaintiffs in the case are represented by the increasingly well-known law firm Capozzi Adler, which has in the past several years filed an extensive number of ERISA complaints against some of the United States’ biggest corporations.
Small Talk
ON THIS DATE: In 1835, Hans Christian Andersen published his first book of fairy tales. In 1913, Ford Motor Co. began using a new movable assembly line that ushered in the era of mass production. In 1955, in Montgomery, Alabama, Rosa Parks was jailed for refusing to give up her seat on a public bus to a white man, a violation of the city’s racial segregation laws. In 1959, 12 nations, including the United States and the Soviet Union, signed the Antarctica Treaty, which banns military activity and weapons testing on that continent. In 1969, the U.S. government held its first draft lottery since World War II. In 1989, East Germany’s Parliament abolished the Communist Party’s constitutional guarantee of supremacy. In 1998, Exxon announced that it was buying Mobil for $73.7 billion creating the world’s largest publicly traded oil and gas company.
TUESDAY TRIVIA: From what is the word ‘emoji’ derived?
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