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PLANSPONSOR NEWSDASH LOGO March 10th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Administration
PRT Strategies for Active Participants
PRT Strategies for Active Participants
Pension risk transfers could leave a sizeable group of active participants under a plan sponsor’s responsibility, but there are strategies to target this group.
Events
2022 HSA Conference
The HSA Conference is designed to educate plan sponsors that currently offer, or are considering offering, these accounts. It’s also a great opportunity for advisers who want to get up to speed on this fast-growing benefit option. Through various panel discussions and presentations, employers will see how best to offer this benefit, and advisers will learn how to support them in the process. Topics to be discussed include: How HSAs operate; best practices in HSA provider selection and ongoing administration; how to boost employees’ knowledge, and use, of their benefit; and more. Register to attend the conference on April 13 and 14.
Most Read
Data and Research
Health Care in Retirement Will Cost an Average of $315,000
Deals and People
Retirement Industry People Moves
Data and Research
401(k) vs. 403(b): Different Paths to Retirement Readiness
Market Mirror
Wednesday, the Dow rose 653.61 points (2.00%) to 33,286.25, the Nasdaq gained 460.00 points (3.60%) to finish at 13,255.55, and the S&P 500 closed 107.18 points (2.57%) higher at 4,277.88. The Russell 2000 increased 53.28 points (2.71%) to 2,016.29, and the Wilshire 5000 climbed 1,138.88 points (2.71%) to 43,128.31.

The price of the 10-year Treasury note decreased 31/32, bringing its yield up to 1.945%. The price of the 30-year Treasury bond fell 2 2/32, increasing its yield to 2.322%.
Compliance
DOL Removes Credit Rating Requirements From the Evaluation of Certain Investments
The agency’s notice of amendments pertains to prohibited transaction exemptions related to non-convertible debt securities, commercial paper and securities lending transactions.
Plan Profile
In Need of a (New) Plan
A plan sponsor used the Voluntary Correction Program to change plan types.
Small Talk
ON THIS DATE: In 1785, Thomas Jefferson was appointed minister to France. He succeeded Benjamin Franklin. In 1864, President Abraham Lincoln signed a brief document officially promoting then-Major General Ulysses S. Grant to the rank of lieutenant general of the U.S. Army, tasking the future president with the job of leading all Union troops against the Confederate Army. In 1876, the first discernible speech was transmitted over a telephone system when inventor Alexander Graham Bell summoned his assistant in another room by saying, “Mr. Watson, come here; I want you.” Bell had received a comprehensive telephone patent just three days before. In 1913, in Toledo, Ohio, William Knox became the first bowler to make a perfect score of 300 in an American Bowling Congress tournament. In 1933, soon after Adolf Hitler became chancellor, the first concentration camp in Germany opened at Dachau. In 1949, American citizen Mildred Gillars, who earned the nickname “Axis Sally” as a radio propagandist for the Nazi government during World War II, was convicted of treason. She served 12 years in prison. In 1969, James Earl Ray pled guilty to murdering American civil rights leader Martin Luther King, Jr., and was sentenced to 99 years in prison.
SURVEY SAYS: A better work-life balance is what some employees are looking for during this period called the “great resignation.” Some people were able to achieve better work-life balance while working remotely; however, sometimes working remotely can blur the lines between work and life. This week, I’d like to know, how do you feel about your work-life balance and how often do you work outside of normal business hours? I’d also like you to share some “rules to live by” for achieving better work-life balance. You may respond to this week’s survey by 6 p.m. Pacific time today.
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