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Insight on Plan Design & Investment Strategy Every Weekday
Worrying About Inflation’s Effect on Your Pension Finances? Don’t.
Worrying About Inflation’s Effect on Your Pension Finances? Don’t.
Experts says they don’t expect a long run of inflation, and it might be making your plan less expensive.
2021 Plan Sponsors of the Year
We are pleased to announce the 2021 Plan Sponsor of the Year winner in the Nonprofit DC category: Howard University.
Most Read
2021 Target-Date Fund Survey
The DOL Has Begun Retirement Plan Cybersecurity Audits
Rush of Litigation Against Retirement Plans Expected to Continue
SPONSORED BY: American Century Investments
The Transition Risk Zone
Where retirement perception and reality diverge.
Economic Events
Construction spending during April was estimated at a seasonally adjusted annual rate of $1,524.2 billion, 0.2% above the revised March estimate of $1,521.0 billion, the Census Bureau reported. The April figure is 9.8% above the April 2020 estimate of $1,387.9 billion. During the first four months of this year, construction spending amounted to $452.3 billion, 5.8% above the $427.3 billion for the same period in 2020.
Market Mirror
Tuesday, the Dow closed 45.86 points (0.13%) higher at 34,575.31, the Nasdaq decreased 12.26 points (0.09%) to 13,736.48, and the S&P 500 was down 2.07 points (0.05%) at 4,202.04. The Russell 2000 gained 25.77 points (1.14%) to finish at 2,294.74, and the Wilshire 5000 increased 49.10 points (0.11%) to 44,015.46.

The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.613%. The price of the 30-year Treasury bond decreased 27/32, bringing its yield up to 2.290%.
U.S. Attorneys Ask Supreme Court to Take on 403(b) Excessive Fee Case
The Supreme Court’s review could answer the question of what qualifies as a plausible claim for relief in DC plan excessive investment and recordkeeping fee suits.
Lowe’s Files Partial Settlement in ERISA Case
The lawsuit had accused the company of making imprudent investment choices.
Industry Analysis
Determining DC Saving Rates
Auto-enrollment has a greater impact on participant savings than any other variable.
Small Talk
ON THIS DATE: In 1865, Confederate General Edmund Kirby Smith, commander of Confederate forces west of the Mississippi, signed the surrender terms offered by Union negotiators. In 1924, with Congress’ passage of the Indian Citizenship Act, the government of the United States conferred citizenship on all Native Americans born within the territorial limits of the country. In 1935, Babe Ruth retired from his Major League Baseball playing career after 22 seasons, 10 World Series and 714 home runs. In 1966, Surveyor 1, the U.S. space probe, landed on the moon and started sending photographs back to Earth of the Moon’s surface. It was the first soft landing on the Moon. In 1997, Timothy McVeigh, a former U.S. Army soldier, was convicted on 15 counts of murder and conspiracy for his role in the 1995 terrorist bombing of the Alfred P. Murrah Federal Building in Oklahoma City.
WEDNESDAY WISDOM: “Those who have long enjoyed such privileges as we enjoy forget in time that men have died to win them.”—Franklin D. Roosevelt
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.
Redefining Participant Success: Getting More From Long Term Incentives and ESPPs
When it comes to your participants, how do you drive and measure success of your benefits offering? Where does equity fit into the equation? And, how do company stock plans impact other benefit programs? If these questions have been on your mind, join Fidelity on June 10th to hear Yosef Siegal unveil new findings about participant behavior, metrics that can help redefine potential success, and opportunities to help you and your participants get the most of their stock plans. Plus, hear firsthand from Emily Cervino on groundbreaking research that exposes surprising connections between LTI programs and ESPPs have on 401(k).
Recent Trends in Financial Wellness, Retirement Readiness and Guaranteed Lifetime Income
PLANSPONSOR 2021 Plan Progress Series: Lessons From Litigation
There is no shortage of litigation filed against retirement plan sponsors. It seems that most lawsuits focus on plan administration and investment fees, but a variety of other charges have been filed. While plan sponsors’ first priority is the best interest of participants and not how to avoid legislation, no one wants to be sued. With a large number of cases resulting in settlements, the courts haven’t offered much input on the issues, but there are still lessons to be learned.
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