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Insight on Plan Design & Investment Strategy Every Weekday
Establishing a Retirement Plan Committee
Establishing a Retirement Plan Committee
Why plan sponsors need a committee, what committees do and who to appoint to a committee.
DOL Adopts New Prohibited Transaction Exemption
The regulator has finalized a potentially important new prohibited transaction exemption.
Most Read
2021 DC Plan Benchmarking Survey
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Data and Research
2022 Retirement Industry Trends to Follow
Market Mirror
Tuesday, the Dow gained 337.76 points (1.13%) to finish at 30,199.31, the NASDAQ closed 155.02 points (1.25%) higher at 12,595.06, and the S&P 500 was up 47.13 points (1.29%) at 3,694.62. The Russell 2000 increased 48.07 points (2.51%) to 1,959.76, and the Wilshire 5000 climbed 502.24 points (1.31%) to 38,866.89.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.908%. The price of the 30-year Treasury bond decreased 5/32, bringing its yield up to 1.653%.
Ask the Experts
Retirement Plan Tax Deductions/Credits for Tax-Exempt Sponsors
“Do the deductibility rules for employer contributions to a retirement plan under Internal Revenue Code (IRC) Section 404 apply to 403(b) plans? And does it matter whether the contribution is nonelective or matching?”
COVID-19 Having Major Impact on Pensions
Many terminated or furloughed employees have taken early retirement, curtailing contributions and raising payout obligations.
Data and Research
Plan Design Decisions Can Reduce Overconcentration in Company Stock
Research from Vanguard supports the continuation of rethinking decisions about company stock offerings in defined contribution plans.
Annexus Retirement Solutions Launches to Address In-Plan Guaranteed Income
The new division of Annexus will focus on “re-engineering” target-date fund (TDF) structures to better enable guaranteed lifetime income as part of defined contribution (DC) plans.
Small Talk
ON THIS DATE: In 1773, nearly 350 chests of tea were dumped into Boston Harbor off British ships by Colonial patriots. The patriots were disguised as Indians. The act was to protest taxation without representation and the monopoly the government granted to the East India Company. In 1905, Sime Silverman published the first issue of “Variety.” In 1944, during World War II, the Battle of the Bulge began in Belgium. It was the final major German counteroffensive in the war. In 1950, President Harry Truman proclaimed a national state of emergency in order to fight “Communist imperialism.” In 1972, the Miami Dolphins became the first NFL team to go unbeaten and untied in a 14-game regular season. The Dolphins went on to defeat the Washington Redskins in Super Bowl VII. In 1998, Eric Michelman filed the earliest patent for a scroll wheel for a computer mouse. In 1999, Sigourney Weaver received a star on the Hollywood Walk of Fame. In 2000, President-elect George W. Bush selected Colin Powell to be the first African-American secretary of state.
WEDNESDAY WISDOM: “The best measure of a man’s honesty isn’t his income tax return. It’s the zero adjust on his bathroom scale.”—Arthur C. Clarke, English science-fiction writer
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