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Plan Progress: Benchmarking Your Recordkeeper
Plan Progress: Benchmarking Your Recordkeeper
Join PLANSPONSOR August 19 for a webinar in which industry sources will discuss what plan and participant needs to take into consideration when benchmarking recordkeepers; the differences between a request for information (RFI) and a request for proposals (RFP) and when plan sponsors need to issue one; and where to find information to help plan sponsors benchmark their recordkeeper.
Ask the Experts
Can ERISA Accounts Be Used to Pay for Fiduciary Liability Insurance?
“We currently sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan with an ERISA expense reimbursement account that we use to pay permissible plan expenses. Can we pay for our fiduciary liability insurance coverage from that account?”
Most Read
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
2021 Recordkeeping Survey
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Participants Will Need Support to Understand Lifetime Income Projections
DB Plans Retain Cost Advantage Over DC Plans
Economic Events
New orders for manufactured durable goods in June increased $2.1 billion or 0.8% to $257.6 billion, the U.S. Census Bureau announced. This increase, up thirteen of the last fourteen months, followed a 3.2% May increase. Excluding transportation, new orders increased 0.3%. Excluding defense, new orders increased 1.0%. Transportation equipment, up two consecutive months, led the increase, $1.6 billion or 2.1% to $77.5 billion.
Market Mirror
Tuesday, the Dow gained 278.24 points (0.80%) to finish at 35,116.40, the Nasdaq closed 80.23 points (0.55%) higher at 14,761.30, and the S&P 500 increased 35.99 points (0.82%) to 4,423.15. The Russell 2000 was up 8.09 points (0.36%) at 2,223.58, and the Wilshire 5000 climbed 309.62 points (0.68%) to 45,957.97.

The price of the 10-year Treasury note was unchanged, with its yield at 1.178%. The price of the 30-year Treasury bond increased 23/32, bringing its yield down to 1.847%.
Data and Research
CITs Overcoming Mutual Funds in 401(k)s
Collective investment trusts are the most used investment vehicle in the largest plans and are a close second among large 401(k) plans overall, suggesting they are worth consideration.
Keys to Facilitating Retirement Success
Guaranteed sources of income, low debt, a clear spend-down strategy and advisory services are four drivers of financial security in retirement, according to EBRI’s Retirement Security Research Center.
Small Talk
ON THIS DATE: In 1790, the Revenue Cutter Service was formed. This U.S. naval task force was the beginning of the U.S. Coast Guard. In 1944, acting on tip from a Dutch informer, the Nazi Gestapo captured 15-year-old Jewish diarist Anne Frank and her family in a sealed-off area of an Amsterdam warehouse. In 1957, Florence Chadwick set a world record by swimming the English Channel in 6 hours and 7 minutes. In 1977, President Jimmy Carter signed the measure that established the Department of Energy. In 1987, the Fairness Doctrine was rescinded by the Federal Communications Commission (FCC). The doctrine had required that radio and TV stations present controversial issues in a balanced fashion.
WEDNESDAY WISDOM: “Think of all the beauty still left around you and be happy.”—Anne Frank
Industry Intel Roundup—Featured Webcasts
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
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