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PLANSPONSOR NEWSDASH LOGO February 4th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
UpFront
Retirement Policy in the Near Future
Retirement Policy in the Near Future
What industry experts predict for a Biden presidency.
Compliance
AIG Fined for Unlicensed PRT Business in New York
AIG has agreed to transfer the handling of transactions from American General Life Insurance Co. to its New York-based subsidiary, The United States Life Insurance Co. in the City of New York.
Most Read
Compliance
Another Schlichter Suit Targets Sponsor and Providers

2020 Recordkeeping Survey
Data and Research
Participants Are Saving More With ‘TDF-Plus’ Strategies
SPONSORED BY: AYCO
Benefit considerations—Furloughs, layoffs and voluntary separation offers
COVID-19’s economic impact has HR teams searching for creative ways to right-size their workforce.
Market Mirror
Wednesday, the Dow closed 36.12 points (0.12%) higher at 30,723.60, the NASDAQ was down 2.23 points (0.02%) at 13,610.54, and the S&P 500 was up 3.86 points (0.10%) at 3,830.17. The Russell 2000 increased 8.26 points (0.38%) to 2,159.70, and the Wilshire 5000 gained 79.41 points (0.20%) to finish at 40,728.52.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.136%. The price of the 30-year Treasury bond fell 1 2/32, increasing its yield to 1.924%.
Compliance
ERISA Fiduciary Breach Lawsuit Targets Coca-Cola Bottler MEP
The complaint alleges the defendants failed to choose less costly and equally or better-performing investment options for the plan, or to use the plan’s size to reduce recordkeeping fees.
Participants in Terminated 403(b) Plan File ERISA Lawsuit
The plaintiffs allege the use of actively managed funds and higher-cost share classes caused them to lose millions.
Small Talk
ON THIS DATE: In 1783, Britain declared a formal cessation of hostilities with its former colonies, the United States of America. In 1789, George Washington, the commander of the Continental Army during the Revolutionary War, was unanimously elected the first president of the United States by all 69 presidential electors who cast their votes. In 1824, J.W. Goodrich introduced rubber galoshes to the public. In 1861, in Montgomery, Alabama, delegates from South Carolina, Mississippi, Florida, Alabama, Georgia and Louisiana convened to establish the Confederate States of America. In 1932, the first Winter Olympics were held in the United States at Lake Placid, New York. In 1941, the United Service Organizations (USO) was created. In 1945, during World War II, President Franklin Roosevelt, British Prime Minister Winston Churchill and Soviet leader Josef Stalin began a conference at Yalta to outline plans for Germany’s defeat. In 1952, Jackie Robinson was named Director of Communication for NBC. He was the first black executive of a major radio-TV network. In 1964, the Administrator of General Services announced that the 24th Amendment to the U.S. Constitution had been ratified. The amendment banned the poll tax. In 2004, a Harvard sophomore named Mark Zuckerberg launched The Facebook, a social media website he had built in order to connect Harvard students with one another.
SURVEY SAYS: A recent survey found employees, especially those younger than 30, are worried about their career success because of working remotely. This week, I’d like to know, do you think working remotely has affected your career success? In what ways? You may respond to this week’s survey by 6 p.m. Pacific time today.
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