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PLANSPONSOR NEWSDASH LOGO January 15th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Deciding Whether an Annuity Is Right for Your Plan Participants
Deciding Whether an Annuity Is Right for Your Plan Participants
Plan sponsors should look at participant needs to determine whether annuities would be a fit for their plan and, if so, which types of annuities meet those needs.
Products
Investment Product and Service Launches
Franklin Templeton releases research hub; CAVU launches impact investing share classes with Invesco; and Franklin Templeton grows ETF suite.
Most Read

2021 Health Savings Account Survey
Data and Research
Health Care Costs in Retirement Remain a Top Stressor
Compliance
SECURE Act 2.0 Passed Unanimously by Ways and Means Committee
SPONSORED BY: Fidelity Investments
PODCAST: The Power Of
Join Fidelity and our guests as we explore the ideas and actions that give us the power to make better decisions about our work, finances, health care, and lives.
Economic Events
Interest on a 30-year fixed-rate mortgage averaged 2.79% for the week ending January 14, up from last week when it averaged 2.65%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.65%. Interest on a 15-year fixed-rate mortgage averaged 2.23%, up from last week when it averaged 2.16%. A year ago at this time, the 15-year FRM averaged 3.09%.

In the week ending January 9, the advance figure for seasonally adjusted initial claims for unemployment insurance was 965,000, an increase of 181,000 from the previous week’s revised level of 784,000, the Labor Department reported. The four-week moving average was 834,250, an increase of 18,250 from the previous week’s revised average of 816,000.
Market Mirror
Thursday, the Dow closed 68.95 points (0.22%) lower at 30,991.52, the NASDAQ decreased 16.31 points (0.12%) to 13,112.64, and the S&P 500 lost 14.30 points (0.38%) to finish at 3,795.54. The Russell 2000 climbed 27.39 points (1.29%) to 2,155.35, and the Wilshire 5000 was down 40.80 points (0.10%) at 40,297.24.

The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 1.126%. The price of the 30-year Treasury bond fell 1 1/32, increasing its yield to 1.869%.
Compliance
Compliance Duties and Litigation Risks in 2021
Attorneys review what regulations plan sponsors must adhere to and legal decisions to keep in mind for the new year.
Summary Judgment Denied in BlackRock ERISA Dispute
A district court has rejected dueling summary judgment motions filed by the plaintiffs and defendants in an ERISA self-dealing lawsuit involving BlackRock.
SPONSORED BY: AYCO
Benefit considerations in uncertain times
Employers are shifting their benefits to help employees navigate the financial impact of COVID-19.
Small Talk
ON THIS DATE: In 1777, Vermont declared independence from the colony of New York. In 1844, the University of Notre Dame received its charter from the state of Indiana. In 1870, the first recorded use of a donkey to represent the Democratic Party appeared in Harper’s Weekly. In 1919, fiery hot molasses flooded the streets of Boston, killing 21 people and injuring scores of others. The molasses burst from a huge tank at the United States Industrial Alcohol Company building in the heart of the city. In 1929, Martin Luther King, Jr. was born in Atlanta, Georgia. In 1943, the Pentagon was dedicated as the world’s largest office building. The structure covers 34 acres of land and has 17 miles of corridors. In 1953, Harry S Truman became the first President to use radio and television to give his farewell as he left office. In 1967, the Green Bay Packers of the National Football League (NFL) defeated the American Football League (AFL)’s Kansas City Chiefs, 35-10, in the first-ever AFL-NFL World Championship, later known as Super Bowl I, at Memorial Coliseum in Los Angeles. In 1972, “American Pie,”, an epic poem in musical form hit No. 1 on the Billboard charts. In 1973, President Richard Nixon announced the suspension of all U.S. offensive action in North Vietnam. He cited progress in peace negotiations as the reason. In 1974, “Happy Days” premiered on ABC-TV. In 1986, President Ronald Reagan signed legislation making Martin Luther King, Jr.’s birthday a national holiday to be celebrated on the third Monday of January. In 2001, Wikipedia was launched. In 2009, a potential disaster was avoided when Captain Chesley Burnett Sullenberger III safely landed the plane he was piloting on New York City’s Hudson River after a bird strike caused the plane’s engines to fail.

And now it’s time for some FRIDAY FUN!
I wouldn’t suggest disposing of your Christmas tree this way, but this worked out well.

Enjoy this dog enjoying the snow.

It’s not that easy to put water together right.

In Amsterdam, Britons are finding out just how much it costs them that Great Britain has exited the European Union (EU). Reuters reports that ferry passengers have had ham sandwiches and tinned sardines confiscated by customs officials at Dutch ports, due to strict rules on the import of meat, fruit, vegetables and fish from outside the EU. “Do you have meat on all the bread?” a Dutch customs officer asked a man who has just arrived in the port of Hook of Holland, as he holds up his foil-wrapped sandwich, according to Reuters. “Yeah? OK, then we take them all, I’m sorry. Welcome to the Brexit, sir.”

In South Korea, a startup has developed an AI-powered dog collar that can detect five emotions in canines by monitoring their barks using voice recognition technology. The Petpuls collar can tell pet owners through a smartphone application if their dogs are happy, relaxed, anxious, angry or sad. It also tracks dogs’ physical activity and rest, Reuters reports.

In Sioux City, Iowa, a meteorologist is warning people not to eat icicles. “When icicles form, it’s from water that melts off of your roof and runs down the side of a building. Well, here’s the thing: You know what else is on your roof? Bird poop. A lot of it. And that water picks it up and freezes it in the ice. You’re eating poop!” she warned in a TikTok video.

Have a great weekend, everyone! Monday is a holiday for us, so NewsDash will be back in your inbox Tuesday.
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