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PLAN DESIGN | Investments
Are ­Annuities Good for All?
Are ­Annuities Good for All?
Sponsors should consider each case from every angle.
Data and Research
Near-Retirees Flummoxed by Social Security Benefits
Respondents to a survey by MassMutual revealed certain topics they have questions about.
Most Read
Participants Will Need Support to Understand Lifetime Income Projections
Data and Research
DB Plans Retain Cost Advantage Over DC Plans
Milliman Accused of Failing to Prune Bad Investments From 401(k)
Market Mirror
Wednesday, the Dow was up 16.02 points (0.05%) at 33,446.26, the Nasdaq was down 9.54 points (0.07%) at 13,688.84, and the S&P 500 increased 6.01 points (0.15%) to 4,079.95. The Russell 2000 closed 36.10 points (1.60%) lower at 2,223.05, and the Wilshire 5000 decreased 36.78 points (0.09%) to 42,778.86.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.665%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 2.356%.
PBGC Simplifies Withdrawal Liability Calculation for Multiemployer Pension Plans
The agency expects the changes will reduce actuarial fees paid by multiemployer plans, but it admits the simplified methods might not reduce the withdrawal liability assessed on employers.
Public Pension Plans Are Thirsty for Liquidity
Charles Millard, a senior adviser at Amundi US and former director of the PBGC, explains why plan sponsors must resist the temptation to skip pension contributions in these difficult times.
Plan Progress Webinar: Evaluating Guaranteed Income Products
Join PLANSPONSOR and retirement industry sources for a discussion about the types of guaranteed income products available for sponsors of DC plans; what plan and participant data to take into consideration to select the most appropriate guaranteed income product; and elements of guaranteed income products to evaluate when selecting one.
Small Talk
ON THIS DATE: In 1513, explorer Juan Ponce de Leon claimed Florida for Spain. In 1789, the House of Representatives held its first meeting. In 1935, Congress voted to approve the Works Progress Administration (WPA), a central part of President Franklin D. Roosevelt’s New Deal. In 1946, the League of Nations assembled in Geneva for the last time. In 1953, the bones of Sitting Bull were moved from North Dakota to South Dakota. In 1974, Hank Aaron of the Atlanta Braves hit his 715th career home run, breaking Babe Ruth’s record of 714. In 1993, the space shuttle Discovery lifted off from the Kennedy Space Center with astronaut Ellen Ochoa on board. She was the first Hispanic woman to go into space. In 1975, Frank Robinson of the Cleveland Indians became first black manager of a major league baseball team.
SURVEY SAYS: Summer vacation plans were derailed for many Americans last year because of the COVID-19 pandemic, but it seems like a number of people feel comfortable taking a vacation even before the summer months this year. This week, I’d like to know, is your summer vacation back ‘on’ this year, and will it be the same as pre-pandemic vacations or will you be taking a stepped down vacation to be cautious. You may respond to this week’s survey by 6 p.m. Pacific time today.
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