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PLANSPONSOR NEWSDASH LOGO December 14th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Plan Sponsors Are Getting No Answers From Excessive Fee Lawsuits
Plan Sponsors Are Getting No Answers From Excessive Fee Lawsuits
Excessive fee lawsuit activity has ramped up with no major decisions by the courts; however, a pending decision by the U.S. Supreme Court in one case could impact the amount of activity going forward.
Insights
Course Corrections
Plan sponsors can play a role in teaching young people financial literacy.
Most Read
Research
2021 Recordkeeping Survey
Data and Research
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
Compliance
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Market Mirror
Yesterday, the Dow was down 320.04 points (0.89%) at 35,650.95, the Nasdaq lost 217.32 points (1.39%) to finish at 15,413.28, and the S&P 500 decreased 43.05 points (0.91%) to 4,668.97. The Russell 2000 fell 31.31 points (1.42%) to 2,180.50, and the Wilshire 5000 closed 474.08 points (0.99%) lower at 47,487.98.

The price of the 10-year Treasury note increased 28/32, bringing its yield down to 1.416%. The price of the 30-year Treasury bond climbed 1 30/32, decreasing its yield to 1.803%.
Compliance
Transamerica Hit With Lawsuit Over Data Breach
A retirement plan participant says that, since the data breach, his personal information has been used to make fraudulent purchases and spam calls.
DOL Urged to Withdraw Proposal on ESG Investments in Retirement Plans
A group of senators and the ASA issued letters saying the newly proposed rule weakens protections for retirement plan investors and retirement plan sponsors.
Small Talk
ON THIS DATE: In 1799, George Washington, the American revolutionary leader and first president of the United States, died at his estate in Mount Vernon, Virginia. He was 67 years old. In 1819, Alabama joined the Union as the 22nd state. In 1900, German physicist Max Planck published his groundbreaking study of the effect of radiation on a “blackbody” substance, and the quantum theory of modern physics was born. Through physical experiments, Planck demonstrated that energy, in certain situations, can exhibit characteristics of physical matter. In 1909, workers placed the last of the 3.2 million 10-pound bricks that pave the Indianapolis Motor Speedway in Speedway, Indiana. In 1911, Norwegian Roald Amundsen became the first explorer to reach the South Pole. In 1962, the U.S. space probe Mariner II approached Venus. It transmitted information about the planet’s atmosphere and surface temperature. In 1984, Howard Cosell retired from the NFL’s Monday Night Football. In 1985, Wilma Mankiller became the first woman to lead a major American Indian tribe as she formally took office as principal chief of the Cherokee Nation of Oklahoma. In 1999, Charles M. Schulz announced he was retiring the “Peanuts” comic strip.
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