February 3rd, 2021 Insight on Plan Design & Investment Strategy Every Weekday Investing Understanding TDF Glide Paths Glide paths aren’t just a change in equity and fixed income allocations, there are changes to investment types, too. Ask the Experts What Are Surrender Fees? “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?” Most Read 1 The DOL Has Begun Retirement Plan Cybersecurity Audits 2 2021 Target-Date Fund Survey 3 2020 Recordkeeping Survey 4 Differences Between Safe Harbor and Traditional DC Plans 5 TRIVIAL PURSUITS: What do the M’s stand for in M&Ms? SPONSORED BY: Pacific Life Pacific Life's Newest Podcast: The Wave Strength Click to listen as Ahmet Kamil discusses the Secure Act and the provisions within this important piece of legislation. Catch the wave today! 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%. Industry Analysis In-Plan Guaranteed Annuities What to consider if you’re thinking about adding a guaranteed income benefit. SPONSORED BY: AYCO Description:Benefit considerations in uncertain times Employers are shifting their benefits to help employees navigate the financial impact of COVID-19. Small Talk Employees younger than 30 are struggling with remote work and experiencing more stress in the wake of COVID-19 than their older counterparts, according to a meQuilibrium study of 7,000 employees. They feel less connected and are more worried about their career success, the survey found. 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. 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 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. Redefining Participant Success: Getting More From Long Term Incentives and ESPPs When it comes to your participants, how do you drive and measure success of your benefits offering? Where does equity fit into the equation? And, how do company stock plans impact other benefit programs? If these questions have been on your mind, join Fidelity on June 10th to hear Yosef Siegal unveil new findings about participant behavior, metrics that can help redefine potential success, and opportunities to help you and your participants get the most of their stock plans. Plus, hear firsthand from Emily Cervino on groundbreaking research that exposes surprising connections between LTI programs and ESPPs have on 401(k). SPONSORED BY: TIAA Recent Trends in Financial Wellness, Retirement Readiness and Guaranteed Lifetime Income PLANSPONSOR 2021 Plan Progress Series: Lessons From Litigation There is no shortage of litigation filed against retirement plan sponsors. It seems that most lawsuits focus on plan administration and investment fees, but a variety of other charges have been filed. While plan sponsors’ first priority is the best interest of participants and not how to avoid legislation, no one wants to be sued. With a large number of cases resulting in settlements, the courts haven’t offered much input on the issues, but there are still lessons to be learned. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise ©2021 Asset International Inc. All rights reserved. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850