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PLANSPONSOR NEWSDASH LOGO July 21st, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
IRS Updates EPCRS With Additional Corrections
IRS Updates EPCRS With Additional Corrections
Among other changes, the agency has introduced two new correction methods for overpayments to DB plan participants or beneficiaries.
Ask the Experts
Can a Minister Contribute to Both a 401(k) and 403(b)?
“I work with an individual who works a corporate job but is also a self-employed pastor of his local church. Can he make elective deferrals to both his corporate 401(k) plan and his church 403(b)?”
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: John Hancock Investment Management
Glide Paths Within the Glide Path
The allocation process for a target-date fund may be more than shifting from equities to fixed income over time. Instead, to maintain an appropriate balance at different lifecycle stages, there may be numerous glide paths involving subcategories of the primary debt and equity asset classes, along with alternatives.
Market Mirror
Tuesday, the Dow gained 549.95 points (1.62%) to finish at 34,511.99, the Nasdaq closed 223.89 points (1.57%) higher at 14,498.88, and the S&P 500 increased 64.57 points (1.52%) to 4,323.06. The Russell 2000 gained 63.62 points (2.99%) to close at 2,194.30, and the Wilshire 5000 climbed 772.99 points (1.75%) to 45,044.93.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.223%. The price of the 30-year Treasury bond fell 1 4/32, bringing its yield up to 1.883%.
PLANSPONSOR 2021 Plan Progress Series: Mid-Year Investment Review
A volatile market and sustained low interest rates are leading investors—including retirement plan investors—to consider new ways to mitigate risk and create returns. The more informed investment committees are, the better able they are to fulfill their fiduciary responsibilities.
Small Talk
IT leaders believe employees have picked up bad cybersecurity behaviors while working from home, and additional survey results suggest their fears may be warranted.
ON THIS DATE: In 1861, in the first major land battle of the Civil War, a large Union force under General Irvin McDowell was routed by a Confederate army under General Pierre G.T. Beauregard. In 1899, Ernest Miller Hemingway, author of such novels as “For Whom the Bell Tolls” and “The Old Man and the Sea,” was born in Oak Park, Illinois. In 1925, the so-called “Monkey Trial” ended in Dayton, Tennessee. John T. Scopes was convicted and fined $100 for violating the state prohibition on teaching Darwin’s theory of evolution. The conviction was later overturned on a legal technicality because the judge had set the fine instead of the jury. In 1930, the Veterans Administration of the United States was established. In 1954, the Geneva Conference partitioned Vietnam into North Vietnam and South Vietnam. In 1957, Althea Gibson became the first black woman to win a major U.S. tennis title when she won the Women’s National clay-court singles competition. In 2002, WorldCom Inc. filed for Chapter 11 bankruptcy protection. At the time it was the largest bankruptcy in U.S. history. In 2011, NASA’s space shuttle program completed its final, and 135th, mission, when the shuttle Atlantis landed at Kennedy Space Center in Florida.

WEDNESDAY WISDOM: “History is a vast early warning system.”—Norman Cousins, American political journalist, author and professor
Industry Intel Roundup—Featured White Paper
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers offering key insights and analysis about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
SPONSORED BY: Invesco
Get Rid of All the Jargon
Learn how to speak to DC retirement plan participants on their own terms, and how better communications could boost participation.
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