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Plan Qualification Requirements
Plan Qualification Requirements
The IRS’ updated operational compliance list reminds plan sponsors of SECURE Act and CARES Act provisions, among others, going into effect next year.
2021 PLANADVISER National Conference
The 2021 virtual PLANADVISER National Conference was created with the understanding that advisers face tremendous challenges as well as opportunities as the world emerges from an unprecedented modern global crisis. Advisers’ core lines of business remain critical as new client expectations come to the fore in the realms of financial wellness, retirement income, environmental activism and corporate social responsibility. Join us for a four-day live learning event crafted specifically for retirement plan advisers and designed to meet the moment.
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)
Economic Events
In July, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5% on a seasonally adjusted (SA) basis; rising 5.4% over the last 12 months, not seasonally adjusted (NSA). The index for all items less food and energy increased 0.3% in July, SA; up 4.3% over the year, NSA.

Real average hourly earnings for all employees decreased 0.1% in July, SA. Average hourly earnings increased 0.4% and CPI-U increased 0.5%. Real average weekly earnings decreased 0.1% over the month.
Market Mirror
Wednesday, the Dow climbed 220.30 points (0.62%) to 35,484.97, the Nasdaq was down 22.95 points (0.16%) at 14,765.14, and the S&P 500 closed 10.95 points (0.25%) higher at 4,447.70. The Russell 2000 gained 10.98 points (0.49%) to finish at 2,250.34, and the Wilshire 5000 increased 103.89 points (0.23%) to 46,248.90.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 1.336%. The price of the 30-year Treasury bond was unchanged, with its yield up to 2.000%.
Law Group Asks Court to Narrow Standing for Plaintiffs in ERISA Suit
In an amicus brief in support of Universal Health Services, the foundation argues that a district court missed the mark in its application of the Supreme Court’s Thole ruling.
Plan Sponsor Settles Claim of USERRA Violation Regarding Pension Benefits
The incident involves a military reservist who was not given service credits for his pension for a period in which he was actively deployed.
Small Talk
ON THIS DATE: In 30 B.C., Cleopatra, queen of Egypt, took her life following the defeat of her forces against Octavian, the future first emperor of Rome. In 1898, the Spanish-American War came to an end when Spain formally agreed to a peace protocol on U.S. terms: the cession of Cuba, Puerto Rico and Manila in the Philippines to the United States pending a final peace treaty. In 1918, regular airmail service began between Washington, D.C., and New York City. In 1939, “The Wizard of Oz” premiered in Oconomowoc, Wisconsin. In 1960, the balloon satellite Echo One was launched by the U.S. from Cape Canaveral, Florida. It was the first communications satellite. In 1964, Mickey Mantle set a major league baseball record when he hit home runs from both the left and ride sides of the plate in the same game. In 1973, American golfer Jack Nicklaus won the Professional Golfers’ Association (PGA) championship for his 14th major title, surpassing Bobby Jones’ record of 13 major championships. In 1981, IBM unveiled its first personal computer (PC). In 1990, fossil hunter Susan Hendrickson discovered three huge bones jutting out of a cliff near Faith, South Dakota. They turned out to be part of the largest-ever Tyrannosaurus Rex skeleton ever discovered. In 1992, the U.S., Canada, and Mexico announced that the North American Free Trade Agreement (NAFTA) had been created after 14 months of negotiations. In 1998, Swiss banks agreed to pay $1.25 billion as restitution to World War II Holocaust victims. In 2014, actress Lauren Bacall died at her New York City home at age 89.
SURVEY SAYS: In response to the financial implications for Americans of the COVID-19 pandemic, the government issued three rounds of stimulus payments to certain people aimed at helping those who needed help paying their bills and ‘stimulating’ the economy. This week, I’d like to know, did you receive at least one stimulus payment, and how did you use the money? As always, responses are anonymous. You may respond to this week’s survey by 6 p.m. Pacific time today.
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