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PLANSPONSOR NEWSDASH LOGO June 29th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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Ready Solution?
Ready Solution?
Sponsors have been hesitant to offer them, and participants don’t understand them, but income options are getting a fresh look.
Investing
GAO Recommends That Federal Thrift Savings Plan Evaluate Climate Change Risk
The agency identified how retirement plans for public and private-sector employees in other countries are already assessing their risk.
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Research
2021 Recordkeeping Survey
Benefits
Giving Employees the Financial Wellness Help They Want
Compliance
DOL Clears Up Timing for Lifetime Income Illustrations
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Free Video Resource
Market Mirror
Yesterday, the Dow closed 150.57 points (0.44%) lower at 34,283.27, the Nasdaq gained 140.12 points (0.98%) to finish at 14,500.51, and the S&P 500 closed 9.91 points (0.23%) higher at 4,290.61. The Russell 2000 decreased 12.06 points (0.52%) to 2,322.34, and the Wilshire 5000 increased 72.00 points (0.16%) to 45,109.95.

The price of the 10-year Treasury note increased 27/32, bringing its yield down to 1.477%. The price of the 30-year Treasury bond climbed 1 24/32, decreasing its yield to 2.099%.
Compliance
Participant in Pennsylvania’s School System Plan Sues Investment Consultants
Teachers hired after 2011 are part of a variable benefit plan design, in which they have to pay more into the plan when returns miss certain targets, a news report says.
IRS Extends Again Relief From Physical Presence Requirement for Participant Elections
The agency is requesting comments about whether relief should be made permanent.
Small Talk
ON THIS DATE: In 1776, the Virginia constitution was adopted, and Patrick Henry was made governor. In 1950, President Harry S. Truman authorized a sea blockade of Korea. In 1953, the Federal Highway Act authorized the construction of 42,500 miles of freeway from coast to coast. In 1972, in Furman v. Georgia, the U.S. Supreme Court ruled by a vote of 5-4 that capital punishment, as it was at that time employed on the state and federal level, was unconstitutional. In 1995, the American space shuttle Atlantis docked with the Russian space station Mir to form the largest man-made satellite ever to orbit the Earth. In 2000, in Santa Rosa, California, the official groundbreaking ceremony took place for the Charles M. Schulz Museum. In 2011, the state of Nevada passed the first law that permitted the operation of autonomous cars on public roads, but the law did not permit the use of the cars to the general public.
TUESDAY TRIVIA: What does it really mean when someone has charisma?
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