Plansponsor Logo
Insight on Plan Design & Investment Strategy Every Weekday
Retirement Plan Sponsors Have Ultimate Responsibility for Operational Compliance
Retirement Plan Sponsors Have Ultimate Responsibility for Operational Compliance
Indemnification clauses in service provider contracts, PEPs and 3(16) administrators can reduce plan sponsors’ fiduciary burden, but none offer complete protection, attorneys say.
Deals and People
Industry Ripe for Development of Retirement Income Products and Solutions
David Blanchett, QMA’s newest managing director and head of retirement research, talks about the growing importance of retirement income solutions in DC plans and other investment menu considerations for plan sponsors.
Most Read
2021 Best in Class DC Providers
2021 Recordkeeping Survey
Participants Will Need Support to Understand Lifetime Income Projections
Economic Events
New orders for manufactured durable goods in July decreased $0.4 billion or 0.1% to $257.2 billion, the U.S. Census Bureau announced. This decrease, down following two consecutive monthly increases, followed a 0.8% June increase. Excluding transportation, new orders increased 0.7%. Excluding defense, new orders decreased 1.2%. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $1.7 billion or 2.2% to $75.3 billion.
Market Mirror
Wednesday, the Dow gained 39.24 points (0.11%) to finish at 35,405.50, the Nasdaq closed 22.06 points (0.15%) higher at 15,041.86, and the S&P 500 increased 9.96 points (0.22%) to 4,496.19. The Russell 2000 was up 8.36 points (0.37%) at 2,239.27, and the Wilshire 5000 climbed 121.89 points (0.26%) to 46,685.34.

The price of the 10-year Treasury note was down 5/32, increasing its yield to 1.346%. The price of the 30-year Treasury bond decreased 8/32, bringing its yield up to 1.954%.
A Reminder of What IRS Examiners Will Look for Regarding NQDC Plans
An updated audit technique guide discusses the doctrines of constructive receipt and economic benefit, as well as IRC Section 409A, to explain when NQDC deferrals are included in employees’ income.
Small Talk
ON THIS DATE: In 1873, the school board of St. Louis, Missouri, authorized the first public kindergarten. In 1920, the 19th Amendment, guaranteeing women the right to vote, was formally adopted into the U.S. Constitution by proclamation of Secretary of State Bainbridge Colby. In 1939, the first televised Major League baseball game was broadcast on station W2XBS, the station that was to become WNBC-TV. Announcer Red Barber called the game between the Cincinnati Reds and the Brooklyn Dodgers at Ebbets Field in Brooklyn, New York. In 1961, the International Hockey Hall of Fame in Toronto opened. In 1968, as the Democratic National Convention got underway in Chicago, thousands of antiwar demonstrators took to Chicago’s streets to protest the Vietnam War and its support by the top Democratic presidential candidate, Vice President Hubert Humphrey. In 1973, a U.S. Presidential Proclamation was declared that made August 26th Women’s Equality Day.
SURVEY SAYS: The news is full of reports about companies mandating vaccines or subjecting employees to regular testing. And, more indoor mask mandates have been issued with the surge in COVID-19 cases. This week, I’d like to know, does your company have a vaccine mandate and are you required to wear a mask in the office? You may respond to this week’s survey by 6 p.m. Pacific time today.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850