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PLANSPONSOR NEWSDASH LOGO January 12th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Sponsors can craft retirement plan document language to manage their exposure to claims for benefits and other Employee Retirement Income Security Act claims.
Compliance
Intel Prevails Again in ERISA Lawsuit
In considering the plaintiffs’ various claims, the ruling sides firmly with the defense on all but one allegation.
Most Read
Research
2021 Recordkeeping Survey
Data and Research
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
Compliance
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Market Mirror
Tuesday, the Dow was up 183.15 points (0.51%) at 36,252.02, the Nasdaq climbed 210.62 points (1.41%) to 15,153.45, and the S&P 500 increased 42.78 points (0.92%) to 4,713.07. The Russell 2000 closed 22.85 points (1.05%) higher at 2,194.00, and the Wilshire 5000 gained 507.02 points (1.07%) to finish at 47,750.83.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 1.746%. The price of the 30-year Treasury bond increased 4/32, bringing its yield down to 2.075%.
Ask the Experts
Disadvantages to Allowing Loan Repayment or Initiation After Termination
“I read with great interest your recent Ask the Experts column on why many 403(b) plans allow participants to repay or initiate loans after termination of employment. However, that column did not mention any risks or other disadvantages to plan fiduciaries in allowing such loans. Does that mean there are none?”
Data and Research
Employees’ Improved Finances Mean More Demand for Financial Wellness Tools
Two-thirds of employees surveyed said having access to a financial wellness program would make them more likely to stay with an employer.
December Tops a Stellar Year for Corporate DB Plans
Experts predict another good year in 2022.
Small Talk
ON THIS DATE: In 1896, at Davidson College, several students took X-ray photographs, the first to be made in America. In 1904, Henry Ford set a new land speed record when he reached 91.37 miles per hour. In 1915, Congress established the Rocky Mountain National Park. In 1932, Hattie Ophelia Wyatt Caraway, a Democrat from Arkansas, became the first woman to be elected to the U.S. Senate. In 1960, Dolph Schayes of the Syracuse Nationals became the first pro basketball player in the NBA to score more than 15,000 points in his career. In 1966, “Batman” debuted on ABC-TV. In 1986, space shuttle Columbia blasted off with a crew that included the first Hispanic-American in space, Dr. Franklin R. Chang-Diaz. In 2006, the U.S. Mint began shipping new 5-cent coins to the 12 regional Federal Reserve Banks. The coin has an image of Thomas Jefferson taken from a 1800 Rembrandt Peale portrait in which the president is looking forward. Since 1909, when presidents were first depicted on circulating coins, all presidents had been shown in profile.
WEDNESDAY WISDOM: “If we desire respect for the law, we must first make the law respectable.”—Louis D. Brandeis, lawyer and associate justice on the Supreme Court of the United States from 1916 to 1939
Industry Intel Roundup—Thought Leadership
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
SPONSORED BY: Edelman Financial Engines
What’s Next for Retirement Income?
The retirement industry has always adapted to support the shifting financial complexities facing American workers. Recent events have put a spotlight on the need for additional retirement income support. While there may not be a universal solution for all employees, there are steps plan sponsors can take to give participants confidence in planning for a smooth transition into retirement.
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