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2021 Recordkeeping Survey
2021 Recordkeeping Survey
The annual PLANSPONSOR Recordkeeping Survey results represent nearly $9 trillion in defined contribution (DC) plan assets and are estimated to account for over 90% of the total DC plan market.
The Allure of PEPs for Current Plan Sponsors
PEPs offer some advantages worth considering even if plan sponsors already have help and think their plans are running fine, experts say.
Most Read
Defined Benefit Plans May Have New Life
Ask the Experts
Can an Alternate Payee Designate a Beneficiary?
Data and Research
Retirement Plan Provider Technology Investments Show Success
Economic Events
Sales of new single‐family houses in June were at a seasonally adjusted annual rate of 676,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.6% below the revised May rate of 724,000 and is 19.4% below the June 2020 estimate of 839,000.
Market Mirror
Yesterday, the Dow closed 82.76 points (0.24%) higher at 35,144.31, the Nasdaq was up 3.72 points (0.03%) at 14,840.71, and the S&P 500 increased 10.51 points (0.24%) to 4,422.30. The Russell 2000 rose 7.27 points (0.33%) to 2,216.92, and the Wilshire 5000 closed 98.87 points (0.22%) higher at 46,039.65.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.297%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 1.944%.
Medical System’s Retirement Plans Target of Excessive Fee Lawsuit
The suit claims the use of an asset allocation solution for the medical system’s 401(a) and 403(b) plans funneled participant contributions into expensive investments.
Deals and People
Aon-Willis Towers Watson Merger Proposal Called Off
In a statement, the firms say they have agreed to terminate their business combination agreement and end antitrust litigation filed by the Department of Justice.
Small Talk
ON THIS DATE: In 1789, the Department of Foreign Affairs was established by Congress. The agency would later be known as the Department of State. In 1804, the 12th Amendment to the U.S. Constitution was ratified. With the amendment Electors were directed to vote for a President and for a Vice-President rather than for two choices for President. In 1866, Cyrus Field successfully completed the Atlantic Cable. It was an underwater telegraph from North America to Europe. In 1909, Orville Wright set a record for the longest airplane flight. He was testing the first Army airplane and kept it in the air for 1 hour 12 minutes and 40 seconds. In 1921, at the University of Toronto, Canadian scientists Frederick Banting and Charles Best successfully isolated insulin—a hormone they believed could prevent diabetes—for the first time. In 1940, Bugs Bunny made his official debut in the Warner Bros. animated cartoon “A Wild Hare.” In 1949, the world’s first jet-propelled airliner, the British De Havilland Comet, made its maiden test-flight in England. In 1953, after three years of a bloody and frustrating war, the United States, the People’s Republic of China, North Korea, and South Korea agreed to an armistice, bringing the fighting of the Korean War to an end. In 1974, the House Judiciary Committee recommended that America’s 37th president, Richard M. Nixon, be impeached and removed from office. In 1984, Pete Rose passed Ty Cobb’s record for most singles in a career when he got his 3,503rd base hit. In 1995, the Korean War Veterans Memorial was dedicated in Washington, D.C., by President Bill Clinton and South Korean President Kim Young-sam. In 1996, in Atlanta, Georgia, the XXVI Summer Olympiad was disrupted by the explosion of a nail-laden pipe bomb in Centennial Olympic Park. In 1999, the U.S. space shuttle Discovery completed a five-day mission commanded by Air Force Col. Eileen Collins. It was the first shuttle mission to be commanded by a woman.
TUESDAY TRIVIA: Which ocean is the saltiest?
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