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PLANSPONSOR NEWSDASH LOGO December 15th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Financial Goal-Setting a Main Focus For Individuals Heading Into 2022
Financial Goal-Setting a Main Focus For Individuals Heading Into 2022
Financial actions taken during the pandemic are sticking, and a resolution can turn into a goal that endures for the long term, surveys find.
Data and Research
DC Specialists and Their Value to Plan Sponsors
Plan sponsors are paying more attention to the value DC specialists bring to the table, including increased attention to plan design review.
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
Economic Events
The Producer Price Index for final demand increased 0.8% in November, as the index for final demand services rose 0.7% and prices for final demand goods moved up 1.2%, the Bureau of Labor Statistics reported. The final demand index advanced 9.6% for the 12 months ended in November.
Market Mirror
Tuesday, the Dow closed 106.77 points (0.30%) lower at 35,544.18, the Nasdaq lost 175.64 points (1.14%) to finish at 15,237.64, and the S&P 500 decreased 34.88 points (0.75%) to 4,634.09. The Russell 2000 was down 20.85 points (0.96%) at 2,159.65, and the Wilshire 5000 fell 372.14 points (0.78%) to 47,115.84.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.440%. The price of the 30-year Treasury bond decreased 6/32, bringing its yield up to 1.825%.
Compliance
Groups Express Support for DOL’s Proposed ESG Rule
They made suggestions that addressed others’ concerns that plan fiduciaries would consider the language of the rule as a mandate to consider ESG factors in investment selection.
Ask the Experts
Can Forfeitures Be Used for a One-Time Discretionary Contribution?
“We are a private tax-exempt university that suspended its 403(b) discretionary contribution during the pandemic. We have since resumed the contribution, and as things are looking a bit better this year from a financial perspective, we wanted to make an additional one-time discretionary contribution to the plan to make up for some of the contributions our employees missed out on. Also, due to the pandemic, we have a larger amount of forfeitures than usual. Can we use these forfeitures to fund some of this additional one-time contribution?”
Small Talk
Recognition can play an important part in retaining employees. Nearly half of employees in a recent survey said they have quit a job due to a lack of recognition. Employees also shared how they would like to be recognized.
ON THIS DATE: In 1791, following ratification by the state of Virginia, the first 10 amendments to the U.S. Constitution, known collectively as the Bill of Rights, became law. In 1925, the New York Americans lost to the Montreal Canadiens, 3-1, in the formal opening of New York’s Madison Square Garden, which became one of the world’s most famous sporting venues. In 1961, in Tel Aviv, Israel, Adolf Eichmann, the Nazi SS officer who organized Adolf Hitler’s “final solution of the Jewish question,” was condemned to death by an Israeli war crimes tribunal. In 1966, Walter Elias “Walt” Disney died in Los Angeles at the age of 65. In 2001, Italy’s Leaning Tower of Pisa reopened after a team of experts spent 11 years and $27 million to fortify the tower without eliminating its famous lean. In 2011, in a ceremony held in Baghdad, the war that began in 2003 with the American-led invasion of Iraq officially came to an end.

WEDNESDAY WISDOM: “Love and compassion are necessities, not luxuries. Without them humanity cannot survive.”—the current Dalai Lama, Gyalwa Rinpoche
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