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PLANSPONSOR NEWSDASH LOGO April 14th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Investing
What DB Plans Can Learn From Endowment Investing
What DB Plans Can Learn From Endowment Investing
Alternative investments and private assets might help defined benefit plans diversify and generate more returns.
Benefits
How HSAs Work
Speakers at the virtual PLANSPONSOR 2021 HSA Conference discussed features of health savings accounts (HSAs) and rules regarding them.
Most Read
Compliance
New Financial Audit Rule Increases Requirements for Plan Sponsors
Research
2021 Recordkeeping Survey
Data and Research
Participants Missing the Full Match Remains a Big Problem
Economic Events
In March, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6% on a seasonally adjusted basis; rising 2.6% over the last 12 months, not seasonally adjusted, according to the Bureau of Labor Statistics. The index for all items less food and energy increased 0.3% in March, seasonally adjusted; up 1.6% over the year, not seasonally adjusted.

Real average hourly earnings for all employees decreased 0.8% over the month in March, seasonally adjusted. Average hourly earnings decreased 0.1% and CPI-U increased 0.6%. Real average weekly earnings increased 0.1% over the month.
Market Mirror
Tuesday, the Dow was down 68.13 points (0.20%) at 33,677.27, the Nasdaq climbed 146.10 points (1.05%) to 13,996.10, and the S&P 500 closed 13.60 points (0.33%) higher at 4,141.59. The Russell 2000 decreased 4.86 points (0.22%) to 2,228.92, and the Wilshire 5000 gained 175.06 points (0.40%) to finish at 43,448.30.

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.619%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 2.297%.
Compliance
Potential Pitfalls in Union Pension Relief Program
The relief included in the latest stimulus program is a major win for stressed union pensions, but sources say there are some challenging hurdles yet to jump.
Ask the Experts
Catch-Up Rules That Apply to 457(b) Plans
“What are the catch-up rules that apply to 457(b) plans?”
Products
Betterment, Bennie Streamline Benefits Platform
The firms say the partnership creates a single, easy-to-navigate platform where participants can access all their benefits information.
Small Talk
ON THIS DATE: In 1828, the first edition of Noah Webster’s dictionary was published under the name “American Dictionary of the English Language.” In 1865, President Abraham Lincoln was shot in the head at Ford’s Theatre in Washington, D.C. In 1902, James Cash (J.C.) Penney opened his first retail store in Kemmerer, WY. It was called the Golden Rule Store. In 1912, the Atlantic passenger liner Titanic, on its maiden voyage hit an iceberg and began to sink. In 1935, Loretta Lynn, a singer who greatly expanded the opportunities for women in the male-dominated world of country-western music, was born in Butcher Hollow, Kentucky. In 1956, Ampex Corporation of Redwood City, California, demonstrated the first commercial magnetic tape recorder for sound and picture. In 1960, the Montreal Canadiens defeated the Toronto Maple Leafs to win the Stanley Cup for a record fifth year in a row. In 1981, America’s first space shuttle, Columbia, returned to Earth after a three-day test flight. The shuttle orbited the Earth 36 times during the mission. In 2000, after five years of deadlock, Russia approved the START II treaty that calls for the scrapping of U.S. and Russian nuclear warheads. In 2008, Delta Air Lines and Northwest Airlines announced they were combining.
WEDNESDAY WISDOM: “A life spent making mistakes is not only more honorable, but more useful than a life spent doing nothing.” George Bernard Shaw, Irish playwright
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