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PLANSPONSOR NEWSDASH LOGO January 6th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Practical Implications of DOL’s Latest Private Equity Statement
Practical Implications of DOL’s Latest Private Equity Statement
The Department of Labor’s supplemental statement is a tonal shift rather than a substantive change that reflects the continuing courtship for defined contribution plans and private equity investments.   
Data and Research
NCPERS Proposes New Measure for Public Pension Sustainability
A study found pension debt is sustainable in all but five states, and NCPERS says sustainability valuation can be used on local government and individual plans.
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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
Deals and People
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.
Market Mirror
Wednesday, the Dow dropped 392.54 points (1.07%) to 36,407.11, the Nasdaq fell 522.54 points (3.34%) to 15,100.17, and the S&P 500 lost 92.96 points (1.94%) to finish at 4,700.58. The Russell 2000 closed 74.87 points (3.30%) lower at 2,194.00, and the Wilshire 5000 plunged 1,126.13 points (2.31%) to 47,534.62.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.701%. The price of the 30-year Treasury bond decreased 5/32, bringing its yield up to 2.090%.
Compliance
ESOP Sponsor Settles Allegations of ERISA Violations With the DOL
Mohawk Hospital Equipment will transfer $431,000 worth of stock to participants and pay a fine.
Pacific Life Fined for Unlicensed PRT Business
A penalty was assessed after a New York State Department of Financial Services investigation uncovered violations of state insurance law.  
Small Talk
ON THIS DATE: In 1838, Samuel Morse’s telegraph system was demonstrated for the first time at the Speedwell Iron Works in Morristown, New Jersey. In 1912, New Mexico was admitted into the United States as the 47th state. In 1919, Theodore Roosevelt, the 26th president of the United States, died at Sagamore Hill, his estate overlooking New York’s Long Island Sound. In 1945, the Battle of the Bulge ended with 130,000 German and 77,000 Allied casualties. In 1952, the “Peanuts” comic strip debuted in Sunday papers across the United States. In 1963, “Wild Kingdom” premiered on NBC. In 1975, Wheel of Fortune, one of the longest-running syndicated game shows in American television, premiered on NBC. In 1994, figure skater Nancy Kerrigan was clubbed on the right leg by an assailant at Cobo Arena in Detroit. Four men were later sentenced to prison for the attack, including skater Tonya Harding’s ex-husband. In 1999, Bob Newhart received a star on the Hollywood Walk of Fame. In 2021, a mob of President Donald Trump’s supporters descended on the U.S. Capitol, attempting to interfere with the counting of electoral votes from the 2020 presidential election.

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