Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO December 8th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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.
Data and Research
DC Plan Consultants Expect a Focus on Retirement Income
Consultants underscore the need to focus on outcomes, and a successful path forward relies on designing DC plans to help participants meet future retirement income needs.
Most Read

2021 Health Savings Account Survey

2020 Recordkeeping Survey
Compliance
403(b) Plan Sponsor Sued Over Excessive Fees and Underperforming Investments
SPONSORED BY: PIMCO
The Time Has Come to Build the Retirement Tier
It’s time for defined contribution plans to create a retirement tier. Participants want control, flexibility and spending that matches income. Liquid, income-oriented strategies may best meet these preferences.
Market Mirror
Yesterday, the Dow closed 148.47 points (0.49%) lower at 30,069.79, the NASDAQ gained 55.71 points (0.45%) to finish at 12,519.95, and the S&P 500 decreased 7.16 points (0.19%) to 3,691.96. The Russell 2000 climbed 55.20 points (3.01%) to 1,891.25, and the Wilshire 5000 was down 11.35 points (0.03%) at 38,692.87.

The price of the 10-year Treasury note was up 4/32, decreasing its yield to 0.930%. The price of the 30-year Treasury bond increased 1 2/32, bringing its yield down to 1.689%.
Compliance
Guidance on Missing Participants Listed as IRS Priority
The 2020-2021 Priority Guidance Plan says the agency will include guidance on uncashed checks.
Lawsuit Filed on Behalf of Cognizant Technology 401(k) Plan Participants
The lawsuit alleges plan fiduciaries failed to ensure plan investments and fees were prudent.
Second Case Against Cerner Dismissed Then Reopened
The parties are now discussing a potential settlement, according to the court docket.
SPONSORED BY: Edelman Financial Engines
Protect Retirement Income for Your Participants—and Your Bottom Line
How you can help prevent participants from taking plan loans or hardship withdrawals
Small Talk
ON THIS DATE: In 1886, at a convention of union leaders in Columbus, Ohio, the American Federation of Labor was founded. In 1941, President Franklin Roosevelt requested, and received, a declaration of war against Japan. In 1980, John Lennon, a former member of the Beatles, was shot and killed by an obsessed fan in New York City. In 1987, at a summit meeting in Washington, D.C., President Ronald Reagan and Soviet leader Mikhail Gorbachev signed the first treaty between the two superpowers to reduce their massive nuclear arsenals. In 1993, the North American Free Trade Agreement (NAFTA) was signed into law by President Bill Clinton. Clinton said he hoped the agreement would encourage other nations to work toward a broader world-trade pact. In 1997, the second largest bank was created with the announcement that Union Bank Switzerland and the Swiss Bank Corporation would merge.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2021 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850