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PLANSPONSOR NEWSDASH LOGO July 7th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
A Closer Look at S-Corporation Employee Ownership
A Closer Look at S-Corporation Employee Ownership
Several bills circulating in Congress would streamline and promote S-corporation employee stock ownership plans. One expert says such ‘S-ESOPs’ benefit owners, workers and entire communities.
Opinions
Cybersecurity for Plan Fiduciaries: Focus on Account Theft
Jeanne Klinefelter Wilson, with Groom Law Group, discusses how to help participants avoid the nightmare of losing their DC plan account balances to cybercriminals.
Most Read
Research
2021 Best in Class DC Providers
Research
2021 Recordkeeping Survey
Administration
Participants Will Need Support to Understand Lifetime Income Projections
Market Mirror
Tuesday, the Dow closed 208.98 points (0.60%) lower at 34,577.37, the Nasdaq was up 24.32 points (0.17%) at 14,663.64, and the S&P 500 was down 8.80 points (0.20%) at 4,343.54. The Russell 2000 lost 31.26 points (1.36%) to finish at 2,274.50, and the Wilshire 5000 decreased 110.30 points (0.24%) to 45,453.09.

The price of the 10-year Treasury note increased 30/32, bringing its yield down to 1.355%. The price of the 30-year Treasury bond climbed 1 6/32, decreasing its yield to 1.980%.
Compliance
Appellate Court Sees No Need to Force RFP Process
The court also concluded that because Banner Health and its recordkeeper had no prior relationship and their service arrangement was not likely to cause harm, it is not a prohibited transaction.
Administration
Paths to Salvage Participants’ Retirement Savings
With a higher percentage of full-time workers leaving their jobs, experts suggest plan sponsors and plan advisers educate employees about self-funded retirement programs.
Small Talk
Americans increased online shopping during the pandemic. Members of the AICPA’s National CPA Financial Literacy Commission offer tips to keep it from busting budgets.
ON THIS DATE: In 1930, construction of the Hoover Dam began. In 1976, for the first time in history, women were enrolled into the United States Military Academy at West Point, New York. 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 2019, the U.S. women’s national team brought home a record fourth FIFA World Cup title—its second in a row.

WEDNESDAY WISDOM: “It is easier to prevent bad habits than to break them.”—Benjamin Franklin
Industry Intel Roundup—Featured Webcasts
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
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