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PLANSPONSOR NEWSDASH LOGO February 2nd, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Events
What’s on the Minds of Plan Sponsors?
What’s on the Minds of Plan Sponsors?
To assist plan sponsors with decisions for 2021, PLANSPONSOR is hosting a one-day forum to address specific areas of retirement program design that may be presenting the biggest challenges. Hear what research has determined about plan sponsors’ priorities—including those that are ongoing and those that have been newly shaped by the COVID-19 pandemic. Listen to your peers discuss defined contribution (DC) plan investment menus, financial wellness programs and retirement income. These discussions will help you craft benefits that serve the needs of your unique workforce and help you meet your fiduciary duties. Register today to attend.
Deals and People
Calling All PLANSPONSOR Plan Adviser of the Year Nominations
Does your retirement plan adviser go above and beyond for your plan and participants? Tells us their story by nominating them for the 2021 PLANSPONSOR Plan Adviser of the Year awards.
Most Read

2021 Health Savings Account Survey
Data and Research
Health Care Costs in Retirement Remain a Top Stressor

2020 Recordkeeping Survey
SPONSORED BY: E*Trade
Considering Provider Support During a Challenging Year
Stock plan sponsors reflect on provider response as they navigate administration during the pandemic.
Economic Events
Construction spending during December was estimated at a seasonally adjusted annual rate of $1,490.4 billion, 1.0% above the revised November estimate of $1,475.6 billion, the Census Bureau announced. The December figure is 5.7% above the December 2019 estimate of $1,410.3 billion.
Market Mirror
Yesterday, the Dow closed 229.29 points (0.76%) higher at 30,211.91, the NASDAQ gained 332.70 points (2.55%) to finish at 13,403.39, and the S&P 500 increased 59.62 points (1.61%) to 3,773.86. The Russell 2000 was up 19.55 points (0.93%) at 2,126.16, and the Wilshire 5000 climbed 677.65 points (1.72%) to 40,073.82.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.076%. The price of the 30-year Treasury bond decreased 26/32, bringing its yield up to 1.848%.
Compliance
Biden’s DOL Secretary Pick Walsh Faces Senate Scrutiny This Week
Union leaders say Marty Walsh is a tremendous leader with the kind of empathy, vision and commitment to working families that the nation needs; other stakeholders are less enthusiastic about his nomination to lead the DOL. 
Benefits
Brokers Agree Self-Insuring Health Benefits Can Save Employers Money
Using claims data to compare fully insured and self-insured benefits, and seeing the flexibility self-insuring provides can help employers overcome their fears about it.
Employees Want Help To Fully Understand Their Benefits
Employees want employers to educate them throughout the year and offer tools to help them allocate their money among benefits, Voya found.
Data and Research
Plan Sponsors Aren’t Warming Up to Provisions of the SECURE Act
Very few are interested in joining a PEP, and obstacles remain before sponsors will add annuities to their DC plans.
Small Talk
ON THIS DATE: In 1653, New Amsterdam, now known as New York City, was incorporated. In 1848, the Mexican War was ended with the signing of the Treaty of Guadalupe Hidalgo. The treaty turned over portions of land to the U.S., including Texas, New Mexico, Nevada, Utah, Arizona, California and parts of Colorado and Wyoming. The U.S. gave Mexico $15,000,000 and assumed responsibility of all claims against Mexico by American citizens. Texas had already entered the U.S. on December 29, 1845. In 1876, the National League of Professional Base Ball Clubs (known as the National League) was formed in New York. The teams included were the Chicago White Stockings, Philadelphia Athletics, Boston Red Stockings, Hartford Dark Blues, Mutual of New York, St. Louis Brown Stockings, Cincinnati Red Stockings and the Louisville Grays. In 1887, Groundhog Day, featuring a rodent meteorologist, was celebrated for the first time at Gobbler’s Knob in Punxsutawney, Pennsylvania. In 1913, Grand Central Terminal officially opened at 12:01 a.m. Even though construction was not entirely complete more than 150,000 people visited the new terminal on its opening day. In 1935, Leonard Keeler conducted the first test of the polygraph machine, in Portage, Wisconsin. In 1950, “What’s My Line” debuted on CBS television. In 1967, the American Basketball Association was formed by representatives of the NBA.
TUESDAY TRIVIA: In recent conversations, the phrases ‘going down the rabbit hole’ or ‘falling down the rabbit hole’ have been used. What do the phrases ‘going down the rabbit hole’ or ‘falling down the rabbit hole’ mean, and where did they come from?
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