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PLANSPONSOR NEWSDASH LOGO March 11th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Investing
DC Plan Sponsors Should Get Comfortable With Market Volatility
DC Plan Sponsors Should Get Comfortable With Market Volatility
There will always be unpredictable times, and just as participants are told to take a long-term view, so should plan sponsors when selecting and monitoring investments.
Webinar
Considering ESG Factors in Investment Selection
For several presidential administrations now, there has been some back and forth about the place for environmental, social and governance (ESG) investing in retirement plans. Join PLANSPONSOR and retirement industry sources for a webinar on March 18 in which you will learn what the DOL’s latest regulations say about the use of ESG investments in retirement plans; how retirement plan sponsors can abide by their fiduciary duties when making investment selections based on ESG factors; and the different ways plan sponsors can include ESG investments in retirement plans.
Most Read
Research
2021 Recordkeeping Survey
Benefits
Giving Employees the Financial Wellness Help They Want

2020 Recordkeeping Survey
Economic Events
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% in February on a seasonally adjusted basis after rising 0.3% in January, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 1.7% before seasonal adjustment.

Real average hourly earnings for all employees decreased 0.2% over the month in February, seasonally adjusted. Average hourly earnings increased 0.2% and CPI-U increased 0.4%. Real average weekly earnings decreased 1.0% over the month.
Market Mirror
Wednesday, the Dow gained 464.28 points (1.46%) to finish at 32,297.02, the Nasdaq was down 4.99 points (0.04%) at 13,068.83, and the S&P 500 increased 23.37 points (0.60%) to 3,898.81. The Russell 2000 climbed 40.62 points (1.81%) to 2,285.68, and the Wilshire 5000 closed 279.15 points (0.68%) higher at 41,275.40.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.518%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.241%.
Compliance
DOL Holding Off on Enforcing ESG, Proxy Voting Rules
Until the publication of further guidance, the department says it will not enforce either final rule or pursue enforcement actions against any plan fiduciary for failure to comply.
Opinions
Retirement Income: Key Considerations
Peg Knox, with the Defined Contribution Institutional Investment Association (DCIIA), says DC plans need to evolve to prepare participants to convert their assets into retirement income.
Data and Research
Corporate DB Plan Funded Status Improves to Pre-Pandemic Levels
Equity allocations gave some plans a boost, and experts anticipate new legislation will offer relief from expected higher contributions.
Small Talk
ON THIS DATE: In 1824, the U.S. War Department created the Bureau of Indian Affairs. Seneca Indian Ely Parker became the first Indian to lead the Bureau. In 1861, in Montgomery, Alabama, delegates from South Carolina, Mississippi, Florida, Alabama, Georgia, Louisiana and Texas adopted the Permanent Constitution of the Confederate States of America. In 1882, the Intercollegiate Lacrosse Association was formed in Princeton, New Jersey. In 1901, U.S. Steel was formed when industrialist J.P. Morgan purchased Carnegie Steep Corp. The event made Andrew Carnegie the world’s richest man. In 1930, President Howard Taft became the first U.S. president to be buried in the National Cemetery in Arlington, Virginia. In 1941, President Franklin D. Roosevelt authorized the Lend-Lease Act, which authorized the act of providing war supplies to the Allies. In 1948, Reginald Weir became the first black tennis player to participate in a U.S. Indoor Lawn Tennis Association tournament. In 1969, Levi-Strauss started selling bell-bottomed jeans. In 1993, Janet Reno was unanimously confirmed by the U.S. Senate to become the first female attorney general.
SURVEY SAYS: There has been a strong push by regulators and legislators to include guaranteed lifetime income products, such as annuities in defined contribution (DC) plans. While 403(b) plans have offered participants annuities for years, 401(k) plans are not jumping on the annuity bandwagon. This week, I’d like to know, does your DC plan offer an annuity option as part of its investment lineup, and if it did, would you put some of your savings into it? You may respond to this week’s survey by 6 p.m. Pacific time today.
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