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Insight on Plan Design & Investment Strategy Every Weekday
Finalized Form 5500 Changes Add Little to Plan Sponsors’ Responsibilities
Finalized Form 5500 Changes Add Little to Plan Sponsors’ Responsibilities
While plan sponsors will need to ensure the form contains accurate data, many of the proposed changes to the 2021 Form 5500 were not finalized.
Fiduciary Forum
A Useful Gauge
Benchmarking can help sponsors meet their fiduciary duty to monitor.
Most Read
EBSA Head Lisa Gomez Says DOL Continues Honing Retirement Security Rule
Data and Research
Early Withdrawals Found to Exacerbate 401(k) Account Disparities Across Race, Gender
Final Fiduciary Rule Expected Soon
Economic Events
Total nonfarm payroll employment rose by 199,000 in December, and the unemployment rate declined to 3.9%, the Bureau of Labor Statistics reported. Employment continued to trend up in leisure and hospitality, in professional and business services, in manufacturing, in construction, and in transportation and warehousing.

Today, the Census Bureau will report about wholesale trade for November. Wednesday, the Bureau of Labor Statistics will reveal the consumer price index for December. Thursday, the Labor Department will issue its initial claims report, Freddie Mac will update average mortgage rates for the week, and the Bureau of Labor Statistics will reveal the producer price index for December. Friday, the Census Bureau will report about retail sales for December and business trade for December.
Market Mirror
Friday, the Dow was down 4.81 points (0.01%) at 36,231.66, the Nasdaq lost 144.96 points (0.96%) to finish at 14,935.90, and the S&P 500 decreased 19.02 points (0.41%) to 4,677.03. The Russell 2000 closed 26.56 points (1.20%) lower at 2,179.81, and the Wilshire 5000 fell 221.55 points (0.47%) to 47,321.24.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.773%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 2.120%.

For the week ending January 7, the Dow was down 0.29%, the Nasdaq fell 4.53%, and the S&P 500 decreased 1.87%. The Russell 2000 lost 2.92%, and the Wilshire 5000 finished 2.35% lower.
Data and Research
Corporate DB Plans Thrived in 2021
Joseph Gamzon, with Willis Towers Watson, said many sponsors have better positioned their plans through investment allocation and settlement activity since 2008.
Updated Participant Website Launched by Lincoln
In addition to increased functionality, the new online experience also features an online content hub with videos, articles and tools to help participants educate themselves.
Deals and People
Retirement Industry People Moves
Faegre Drinker names benefits and executive compensation partner; Smart enters into agreement to acquire Stadion; MidAmerica joins USRBP; and more.
2022 Plan Sponsor of the Year Award Nominations Are Open
Award recipients across all categories will be honored at the PLANSPONSOR Awards for Excellence celebration at the PLANSPONSOR National Conference on June 8, 2022.
Small Talk
ON THIS DATE: In 1861, Florida seceded from the United States. In 1870, John D. Rockefeller incorporated Standard Oil. In 1901, a drilling derrick at Spindletop Hill near Beaumont, Texas, produced an enormous gusher of crude oil, coating the landscape for hundreds of feet and signaling the advent of the American oil industry. In 1920, the League of Nations formally came into being when the Covenant of the League of Nations, ratified by 42 nations in 1919, took effect. In 1941, Franklin Roosevelt introduced the lend-lease program to Congress. The plan was intended to help Britain beat back Hitler’s advance while keeping America only indirectly involved in World War II. In 1946, the first General Assembly of the United Nations, comprising 51 nations, convened at Westminster Central Hall in London, England. In 1951, Donald Howard Rogers piloted the first passenger jet on a trip from Chicago to New York City. In 1971, “Masterpiece Theatre” premiered on PBS with host Alistair Cooke. The introduction drama series was “The First Churchills.” In 1984, the United States and the Vatican established full diplomatic relations for the first time in more than a century. In 1990, Time Inc. and Warner Communications Inc. completed a $14 billion merger. The new company, Time Warner, was the world’s largest entertainment company. In 2000, it was announced that Time-Warner had agreed to buy America On-line (AOL). It was the largest-ever corporate merger priced at $162 billion.
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