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Plan Sponsor of the Year Awards
Less Than Two Weeks Left!!
Nominations for the 2021 Plan Sponsor of the Year awards are open, and the deadline for entries in January 13.
Data and Research
Revenue Sharing Affects DC Plan Participant Investment Choices, Research Suggests
Researchers found revenue-sharing funds are more likely to be added to plan investment menus and are less likely to be deleted, as well as that direct and indirect payments do not offset each other.
Most Read
IRS Updates Life Expectancy Tables for Retirees
Recent TDF Performance Lawsuits Raise Insurer Ire
Ask the Experts
Should Each Recordkeeper Use Its Own Plan Document?
Economic Events
Construction spending during November was estimated at a seasonally adjusted annual rate of $1,459.4 billion, 0.9% above the revised October estimate of $1,446.9 billion, the Census Bureau reported. The November figure is 3.8% above the November 2019 estimate of $1,405.5 billion. During the first eleven months of 2020, construction spending amounted to $1,314.1 billion, 4.4% above the $1,258.8 billion for the same period in 2019.
Market Mirror
Yesterday, the Dow lost 382.59 points (1.25%) to finish at 30,223.89, the NASDAQ closed 189.84 points (1.47%) lower at 12,698.45, and the S&P 500 decreased 55.42 points (1.48%) to 3,700.65. The Russell 2000 was down 28.94 points (1.47%) at 1,945.91, and the Wilshire 5000 fell 564.64 points (1.43%) to 38,892.02.

The price of the 10-year Treasury note was unchanged, with its yield decreasing to 0.916%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 1.658%.
PBGC Announces Settlement to Benefit Multiemployer Pension Plan
The agency says the agreement delays the plan’s insolvency date and reduces the expected burden on its multiemployer plan insurance program.
Plan Profile
Tax Savings Aids the Plan
This sponsor used the money saved to increase its match.
Small Talk
ON THIS DATE: In 1914, Ford Motor Company announced that there would be a new daily minimum wage of $5 and an eight-hour workday. In 1925, Mrs. Nellie Taylor Ross was sworn in as the governor of Wyoming She was the first female governor in the U.S. In 1933, construction began on the Golden Gate Bridge. In 1948, Warner Brothers-Pathe showed the very first color newsreel. The footage was of the Tournament of Roses Parade and the Rose Bowl football classic. In 1980, The Sugarhill Gang’s “Rapper’s Delight” became hip-hop’s first Top 40 hit. In 1998, U.S. Representative and former pop star Sonny Bono died in a skiing accident.
TUESDAY TRIVIA: Why is Franklin Delano Roosevelt’s portrait on the dime?
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