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To Attract and Retain
To Attract and Retain
A strong retirement plan is key in a competitive employment environment.
IRS Issues 2021 Required Amendments List
The changes in requirements that would necessitate an amendment relate to the special financial assistance (SFA) program for financially troubled multiemployer plans.
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2021 Recordkeeping Survey
Data and Research
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Economic Events
Construction spending during October was estimated at a seasonally adjusted annual rate of $1,598.0 billion, 0.2% above the revised September estimate of $1,594.8 billion, the Census Bureau announced. The October figure is 8.6% above the October 2020 estimate of $1,471.7 billion. During the first 10 months of this year, construction spending amounted to $1,323.1 billion, 7.5% above the $1,230.8 billion for the same period in 2020.
Market Mirror
Wednesday, the Dow decreased 461.68 points (1.34%) to 34,022.04, the Nasdaq lost 283.64 points (1.83%) to finish at 15,254.05, and the S&P 500 was down 53.96 points (1.18%) at 4,513.04. The Russell 2000 fell 51.49 points (2.34%) to 2,147.42, and the Wilshire 5000 closed 760.50 points (1.62%) lower at 46,175.58.

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.411%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 1.755%.
More Providers Offer Group Plan Solutions
PRI and Waypoint have formed a new joint company called Group Plan Systems, while Franklin Templeton has selected a new group plan recordkeeper in Transamerica. Offers Year-End Planning Resources for Equity Compensation
The site’s content has been updated to reflect 2021 developments, including the uncertainty over tax changes.
Small Talk
ON THIS DATE: In 1823, during his annual address to Congress, President James Monroe proclaimed a new U.S. foreign policy initiative that became known as the “Monroe Doctrine.” Primarily the work of Secretary of State John Quincy Adams, the Monroe Doctrine forbade European interference in the American hemisphere but also asserted U.S. neutrality in future European conflicts. In 1970, the Environmental Protection Agency opened. In 1972, the Temptations earned the last of their four chart-topping hits when “Papa Was A Rollin’ Stone” reached No. 1 on the Billboard Hot 100. In 1982, doctors at the University of Utah implanted a permanent artificial heart in the chest of retired dentist Barney Clark. He lived 112 days with the device. The operation was the first of its kind. In 2001, the Enron Corporation filed for Chapter 11 bankruptcy protection in a New York court, sparking one of the largest corporate scandals in U.S. history.
SURVEY SAYS: There’s no shortage of polarizing subjects in America and these topics can even divide families. To have peaceful holiday gatherings, certain subjects might be taboo. This week, I’d like to know, which subjects are best avoided at your holiday gatherings? As usual, responses are anonymous. You may respond to this week’s survey by 6 p.m. Pacific time today.
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