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2021 Best in Class 401(k) Plans
2021 Best in Class 401(k) Plans
For the seventh year, PLANSPONSOR is pleased to award its Best in Class 401(k) Plan designation. The Best in Class 401(k) Plans were rated by way of a proprietary system that weighted usage/implementation of more than 30 criteria related to plan design, oversight/governance and participant outcomes. Also, because plans must requalify every five years to...
PLANSPONSOR 2021 HSA Conference
The PLANSPONSOR HSA Conference is designed to educate plan sponsors that currently offer, or are considering offering, these accounts. The conference agenda will cover multiple aspects of the accounts to help employers and advisers learn how to best oversee and support them. Topics to be discussed include: current and proposed laws and regulations for HSAs; how HSAs operate; best practices in HSA provider selection and ongoing administration; and how investing HSA assets can increase the potential for long-term savings. Register now.
Most Read
2022 Plan Sponsor of the Year
Delivering Robust Retirement Communication and Education on a Budget
2021 Recordkeeping Survey
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Economic Events
Existing-home sales declined in February, following two prior months of gains, according to the National Association of Realtors. Month-over-month, only one major region saw an increase in February, but all four U.S. regions recorded year-over-year gains. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 6.6% from January to a seasonally adjusted annual rate of 6.22 million in February. Sales in total climbed year-over-year, up 9.1% from a year ago (5.70 million in February 2020).
Market Mirror
Yesterday, the Dow was up 103.23 points (0.32%) at 32,731.20, the Nasdaq climbed 162.31 points (1.23%) to 13,377.54, and the S&P 500 closed 27.49 points (0.70%) higher at 3,940.59. The Russell 2000 lost 20.70 points (0.91%) to finish at 2,266.84, and the Wilshire 5000 increased 227.61 points (0.55%) to 41,670.74.

The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.691%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 2.398%.
Sponsors Should Have a Plan in the Event of a Cyberattack
It could be helpful to hire a third-party specialist to do a risk assessment of the handling of participant data.
Rebalancing Can Be an Important Tool for DB Plans During Volatile Market
J.P. Morgan’s proprietary analysis of the 100 largest corporate pensions reveals several lessons defined benefit plan sponsors can learn from last year.
Small Talk
ON THIS DATE: In 1839, the initials “O.K.” were first published in The Boston Morning Post. Meant as an abbreviation for “oll korrect,” a popular slang misspelling of “all correct” at the time, OK steadily made its way into the everyday speech of Americans. In 1840, the first successful photo of the moon was taken. In 1857, Elisha Otis installed the first modern passenger elevator in a public building at the corner of Broome Street and Broadway in New York City. In 1942, during World War II, the U.S. government began evacuating Japanese-Americans from West Coast homes to detention centers. In 1983, Barney Clark died 112 days after becoming the world’s first recipient of a permanent artificial heart. In 1990, former Exxon Valdez Captain Joseph Hazelwood was ordered to help clean up Prince William Sound and pay $50,000 in restitution for the 1989 oil spill. In 1998, the U.S. Supreme Court ruled that term limits for state lawmakers were constitutional. In 1998, the movie “Titanic” won 11 Oscars at the Academy Awards. In 2011, actress Elizabeth Taylor, died of complications from congestive heart failure at a Los Angeles hospital at age 79.
TUESDAY TRIVIA: What is the purpose of the black rails on the sides of school buses?
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