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2020 Defined Benefit Administration Survey
2020 Defined Benefit Administration Survey
Like our Recordkeeping Survey on the defined contribution (DC) side of the market, the DB Administration Survey showcases providers in the defined benefit (DB) plan market—who the major players are, who they serve and what services they provide. Also included is information on overall market sizing.
COVID-19 Compliance Corner: IRS Clarification of RMD Waivers and Extension of Rollover Deadline
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement and health plan sponsors.
Most Read
2021 DC Plan Benchmarking Survey
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Data and Research
2022 Retirement Industry Trends to Follow
Market Mirror
Yesterday, the Dow gained 459.67 points (1.78%) to finish at 26,287.03, the NASDAQ closed 226.02 points (2.21%) higher at 10,433.65, and the S&P 500 increased 49.71 points (1.59%) to 3,179.72. The Russell 2000 was up 11.02 points (0.77%) at 1,442.88, and the Wilshire 5000 climbed 502.34 points (1.58%) to 32,379.10.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.682%. The price of the 30-year Treasury bond decreased 2/32, bringing its yield up to 1.442%.
Use of Relatively New CITs Challenged in Second Lawsuit
The lawsuit also calls out the use of an investment manager’s proprietary actively managed funds and the plan sponsor’s failure to obtain cheaper share classes.
Court Orders Parties to Scale Back Northrop Grumman ERISA Settlement
The parties’ proposed settlement agreement impermissibly releases claims that go beyond the scope of the allegations in the operative complaint.
Fidelity Agrees to Settle 401(k) Self-Dealing Suit
The lawsuit accused plan fiduciaries of using the plan as an opportunity to promote Fidelity’s mutual fund business at the expense of the plan and participants.
Small Talk
ON THIS DATE: In 1930, construction of the Hoover Dam began. In 1946, Mother Frances Xavier Cabrini was canonized as the first American saint. In 1981, President Ronald Reagan nominated Sandra Day O’Connor, an Arizona court of appeals judge, to be the first woman Supreme Court justice in U.S. history. In 1994,, Inc. was founded in Seattle, Washington, under the name “Cadabra.”
TRIVIAL PURSUITS: Can the same ZIP Code exist in more than one state?
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