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Insight on Plan Design & Investment Strategy Every Weekday
Time to Take Stock
Time to Take Stock
How we got here, and 5 action steps to a more promising future.
Deals and People
2021 Plan Sponsor of the Year Nominations Are Open
Nominations may be made by providers, advisers, consultants, actuaries, attorneys, third-party administrators (TPAs), employees and colleagues, or, you can even nominate yourself.
Most Read
IRS Updates Life Expectancy Tables for Retirees
Recent TDF Performance Lawsuits Raise Insurer Ire
Ask the Experts
Should Each Recordkeeper Use Its Own Plan Document?
Economic Events
Advance estimates of U.S. retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $546.5 billion, a decrease of 1.1% from the previous month, but 4.1% above November 2019, the Census Bureau reported. Retail trade sales were down 0.8% from October 2020, but 7.1% above last year. Nonstore retailers were up 29.2% from November 2019, while food services and drinking places were down 17.2% from last year.

The combined value of distributive trade sales and manufacturers’ shipments for October, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,482.3 billion, up 0.9% from September and up 2.2% from October 2019.
Market Mirror
Wednesday, the Dow fell 44.77 points (0.15%) to finish at 30,154.54, the NASDAQ closed 63.13 points (0.50%) higher at 12,658.19, and the S&P 500 was up 6.55 points (0.18%) at 3,701.17. The Russell 2000 increased 41.02 points (2.15%) to 1,952.72, and the Wilshire 5000 climbed 46.12 points (0.12%) to 38,913.04.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.921%. The price of the 30-year Treasury bond decreased 1/32, bringing its yield up to 1.660%.
A Conversation With a Union Pension Funding Advocate
One outspoken advocate for the Butch Lewis Act says the time is ripe for addressing the funding challenges faced by union sponsored multiemployer pension plans.
The Forecast for PRTs
While the start of the year was rocky, 2020 could close with an environment favorable to making these plan transactions.
Small Talk
ON THIS DATE: In 1903, near Kitty Hawk, North Carolina, Orville and Wilbur Wright made the first successful flight in history of a self-propelled, heavier-than-air aircraft. In 1953, the Federal Communications Commission (FCC) decided to approve RCA’s color television specifications. In 1963, one of the first major pieces of environmental legislation in the United States—the Clean Air Act—became law. In 1969, the U.S. Air Force closed its Project “Blue Book” by concluding that there was no evidence of extraterrestrial spaceships behind thousands of UFO sightings. In 1975, a federal jury in Sacramento, California, sentenced Lynette Alice Fromme, also known as “Squeaky” Fromme, to life in prison for her attempted assassination of President Gerald R. Ford. In 1976, WTCG-TV in Atlanta changed its call letters to WTBS, and was uplinked via satellite, becoming the first commercial TV station to cover the entire U.S. In 1979, Hollywood stuntman Stan Barrett blasted across a dry lakebed at California’s Edwards Air Force Base in a rocket- and missile-powered car, becoming the first man to travel faster than the speed of sound on land. In 1992, President George H.W. Bush, Canadian Prime Minister Brian Mulroney and Mexican President Carlos Salinas de Gortari signed the North American Free Trade Agreement. In 2000, Terrell Owens (San Francisco 49ers) caught an NFL-record 20 passes for 283 yards and a touchdown against the Chicago Bears. In 2004, President George W. Bush signed into law the largest overhaul of U.S. intelligence gathering in 50 years. The bill aimed to tighten borders and aviation security. It also created a federal counterterrorism center and a new intelligence director position.
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