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PLANSPONSOR NEWSDASH LOGO July 20th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Investing
How Multiemployer Plan Sponsors Can Manage Relief Payments
How Multiemployer Plan Sponsors Can Manage Relief Payments
With PBGC dictating interest rate assumptions and permissible investments, there are steps plan sponsors should take to make the relief work as intended.
Participants
More DC Plan Participants Want Retirement Planning and Financial Help
Participants said they would welcome assistance through their employers with figuring out how to catch up to their retirement savings goals and managing their expenses.
Most Read
Research
2021 Recordkeeping Survey
Compliance
DOL Clears Up Timing for Lifetime Income Illustrations
Administration
Addressing Forgotten Accounts Can Improve Retirement Savings Outcomes
SPONSORED BY: Fidelity Investments
The Impact of 2020 on Retirement
How has 2020 affected the way we look at retirement?
Market Mirror
Yesterday, the Dow fell 751.85 points (2.17%) to 33,936.00, the Nasdaq closed 152.25 points (1.06%) lower at 14,274.98, and the S&P 500 shed 68.67 points (1.59%) to finish at 4,258.49. The Russell 2000 dropped 32.56 points (1.51%) to 2,130.68, and the Wilshire 5000 lost 648.32 points (1.44%) to finish at 44,271.96.

The price of the 10-year Treasury note increased 9/32, bringing its yield down to 1.201%. The price of the 30-year Treasury bond climbed 2 4/32, decreasing its yield to 1.822%.
Compliance
Judge Moves Forward Lawsuit Challenging Use of Active TDF Suite
She found the allegations were sufficient to plausibly allege a fiduciary breach and said the determination for appropriate benchmarks for funds is not solved at the motion to dismiss stage.
Investing
Older TDF Investors Can Get Burned by High Equity Exposures
They tend to sell off during downturns, but, researchers say, if they remain invested even for a few years, they can recoup their losses due to the funds’ glide paths.
Small Talk
ON THIS DATE: In 1881, five years after General George A. Custer’s infamous defeat at the Battle of the Little Bighorn, Hunkpapa Teton Sioux leader Sitting Bull surrendered to the U.S. Army, which promised amnesty for him and his followers. In 1942, the first detachment of the Women’s Army Auxiliary Corps, (WACS) began basic training at Fort Des Moines, Iowa. In 1944, an attempt by a group of German officials to assassinate Adolf Hitler failed. The bomb exploded at Hitler’s Rastenburg headquarters, wounding him. In 1944, President Franklin D. Roosevelt was nominated for an unprecedented fourth term of office at the Democratic National Convention in Chicago. In 1969, at 10:56 p.m. EDT, American astronaut Neil Armstrong stepped off the lunar landing module Eagle, becoming the first human to walk on the surface of the moon. He said: “That’s one small step for man, one giant leap for mankind.” In 1976, Viking 1, an unmanned U.S. planetary probe, successfully landed on the surface of Mars.
TUESDAY TRIVIA: Which famous criminal ran a soup kitchen during the Great Depression?
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