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February 3rd, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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Investing
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Understanding TDF Glide Paths
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Glide paths aren’t just a change in equity and fixed income allocations, there are changes to investment types, too. 
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Ask the Experts
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What Are Surrender Fees?
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“I work for a health care provider that maintains a 403(b) plan. I was recently informed that one of our legacy providers charges something called a ‘surrender fee.’ Can you explain what this is?”
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| Market Mirror |
Tuesday, the Dow climbed 475.57 points (1.57%) to 30,687.48, the NASDAQ gained 209.38 points (1.56%) to finish at 13,612.78, and the S&P 500 increased 52.45 points (1.39%) to 3,826.31. The Russell 2000 was up 25.28 points (1.19%) at 2,151.44, and the Wilshire 5000 closed 574.63 points (1.43%) higher at 40,649.08.
The price of the 10-year Treasury note decreased 24/32, bringing its yield up to 1.103%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 1.870%.
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ON THIS DATE: In 1809, the territory of Illinois was created. In 1874, a patent was issued to Samuel W. Francis for the spork. In 1913, the 16th Amendment to the U.S. Constitution was ratified. It authorized the power to impose and collect income tax. In 1924, Woodrow Wilson, the 28th president of the United States, died in Washington, D.C., at the age of 67. In 1944, American forces invaded and took control of the Marshall Islands, long occupied by the Japanese and used by them as a base for military operations. In 1947, Percival Prattis became the first black news correspondent admitted to the House and Senate press gallery in Washington, D.C. He worked for “Our World” in New York City. In 1959, rising American rock stars Buddy Holly, Ritchie Valens and J.P. “The Big Bopper” Richardson were killed when their chartered Beechcraft Bonanza plane crashed in Iowa a few minutes after takeoff from Mason City on a flight headed for Moorhead, Minnesota. In 2005, Alberto Gonzales won Senate confirmation as the nation’s first Hispanic attorney general. In 2009, Eric Holder was sworn in as attorney general. He was the first African-American to hold the post.
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WEDNESDAY WISDOM: “No one has a greater asset for his business than a man’s pride in his work.”—Hosea Ballou, American Universalist clergyman and theological writer
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| Industry Intel Roundup—Featured Webcasts | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. |  | | PLANSPONSOR 2021 Plan Progress Series: Measuring the Success of Your DC Plan | | Sponsored by American Century Investments
For years, defined contribution (DC) plan success was measured by participation rates. Then savings rates were introduced as a metric. Most recently, measuring plan participant outcomes, or retirement readiness, has been stressed as an important success metric. All these things and other factors contribute to the success of a DC plan.
Join PLANSPONSOR, industry sources and a plan sponsor for a webinar in which they will discuss:
Metrics plan sponsors should use to gauge the success of their DC plans;
Ways to measure participant outcomes, or retirement readiness; and
Information available to help plan sponsors measure DC plan success. |
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|  | | Retirement Reimagined: How Employers Can Help Their Workforce Amid Shifting Priorities | | Millions of Americans are leaving the traditional workforce due to the “Great Resignation.” When coupled with the fact that many baby boomers (the youngest of whom will reach age 65 in 2030)1 are working longer – one thing has become clear: the notion of a “normal retirement” no longer exists.
But the retirement readiness gap remains. Recently, Edelman Financial Engines conducted research to examine the state of retirement planning. According to the findings, more than half of employees age 55+ without a financial plan aren’t sure if they can ever afford to stop working.2 With some employees planning to work until they’re unable while others might be leaving their employer sooner than expected, it becomes obvious that employees need help. The good news – there are actions employers can take to address these varied situations and ensure employees retire with confidence.
Join us for a webinar to learn more about the research and how employers can solve the distinct and complex challenges of employees nearing retirement.
Analyze research on the current state of retirement planning needs for American workers during a time of pivotal change.
Discover how to help your near-retiree population based on these findings.
Learn how providing employees with access to trusted advisors can instill confidence.
Preview Edelman Financial Engines' retirement income innovations launching in early 2022. |
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| | | PLANSPONSOR 2021 Plan Progress Series: Retirement Plan Cybersecurity | | As we live life online, cybersecurity is a growing risk. As headlines and lawsuits have shown, retirement plan accounts and providers are not immune to cyber theft and fraud. Strong defenses must be in place for the best interest of the plan and its participants.
Join PLANSPONSOR and a panel of experts for a discussion about:
Plan sponsor fiduciary responsibilities related to retirement plan cybersecurity;
The most up-to-date actions plan sponsors and participants can take to keep plan accounts and information secure; and
How plan sponsors should be prepared in case cyber theft or fraud happens in their plans. |
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|  | | SPONSORED BY: Fidelity Information Services | | New Paths to Retirement Growth and Strategies for Success | | Under pressure from all sides – from clients to competitors to regulatory bodies and global events – the retirement industry is undergoing significant disruption that will define this decade.
Join a panel of industry experts as they provide their perspective on these disruptions and the strategies they have in place to address them, including driving participant engagement, increasing cybersecurity, and leveraging advanced technology to drive efficiency and innovation. |
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