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PLANSPONSOR NEWSDASH LOGO February 16th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Administration & Governance | Investments
Striking the Right Balance
Striking the Right Balance
An IPS provides guidelines and operating procedures.
Plan Profile
Making Its QDIA Personal
This sponsor’s default investment is now managed accounts.
Most Read
Research
2021 Target-Date Fund Survey
Compliance
The DOL Has Begun Retirement Plan Cybersecurity Audits
Compliance
Rush of Litigation Against Retirement Plans Expected to Continue
Economic Events
Wednesday, the Census Bureau will report about retail sales in January and business trade in December. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about housing starts in January. Friday, the National Association of Realtors will report about existing home sales in January.
Market Mirror
Friday, the Dow was up 27.70 points (0.09%) at 31,458.40, the Nasdaq climbed 69.70 points (0.50%) to 14,095.47, and the S&P 500 closed 18.45 points (0.47%) higher at 3,934.83. The Russell 2000 increased 6.92 points (0.30%) to 2,289.36, and the Wilshire 5000 gained 200.76 points (0.48%) to finish at 42,100.04.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.207%. The price of the 30-year Treasury bond decreased 2 4/32, bringing its yield up to 2.010%.

For the week ending February 12, the Dow was up 1.00%, the Nasdaq gained 1.73%, and the S&P 500 increased 1.23%. The Russell 2000 climbed 2.51%, and the Wilshire 5000 finished 1.57% higher.
Compliance
T. Rowe Price ERISA Self-Dealing Lawsuit Will Go to Trial
Though he expressed doubt about plaintiffs’ path to victory in the lawsuit, a federal judge determined they met the minimum requirements to avoid summary judgment in favor of the defendants.
Deals and People
Retirement Industry People Moves
TRA acquires R. Bruce Tanner & Associates; Leech Tishman adds veteran employee benefits attorney; and director and consulting actuary joins R&M.
Small Talk
ON THIS DATE: In 1857, the National Deaf Mute College was incorporated in Washington, D.C. It was the first school in the world for advanced education of the deaf. The school was later renamed Gallaudet College. In 1923, in Thebes, Egypt, English archaeologist Howard Carter entered the sealed burial chamber of the ancient Egyptian ruler King Tutankhamen. In 1937, Wallace H. Carothers received a patent for nylon. Carothers was a research chemist for Du Pont. In 1968, the first 911 emergency telephone system was inaugurated in Haleyville, Alabama. In 1984, Bill Johnson became the first American to win an Olympic gold medal in downhill skiing, a sport long dominated by European athletes. In 2005, the NHL announced the cancellation of the 2004-2005 season due to a labor dispute. It was the first time a major sports league in North America lost an entire season to a labor dispute.
TUESDAY TRIVIA: What is the origin of the Chinese New Year?
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