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2022 Plan Sponsor of the Year Finalists
2022 Plan Sponsor of the Year Finalists
PLANSPONSOR is pleased to announced the 2022 Plan Sponsor of the Year finalists in the Public Defined Contribution and Nonprofit DC categories.
Deals and People
Retirement Industry People Moves
The Standard hires new retirement plan consultant; NFP expands benefits capabilities with acquisition.
Most Read

2023 DC Survey Standouts
Understanding Investments and Fees: A Key Part of Plan Committee Education
Data and Research
Financial Literacy Quiz Reveals Americans Lack Understanding of Retirement Income
Economic Events
Tomorrow, the Conference Board will release its Consumer Confidence Index for March. Thursday, the Labor Department will issue its initial claims report, and Freddie Mac will update average mortgage rates for the week. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for March, and the Census Bureau will report about construction spending for February.
Market Mirror
Friday, the Dow climbed 153.30 points (0.44%) to 34,861.24, the Nasdaq decreased 22.54 points (0.16%) to 14,169.30, and the S&P 500 closed 22.90 points (0.51%) higher at 4,543.06. The Russell 2000 was up 2.54 points (0.12%) at 2,077.98, and the Wilshire 5000 gained 141.59 points (0.31%) to finish at 45,692.90.

The price of the 10-year Treasury note decreased 32/32, bringing its yield up to 2.489%. The price of the 30-year Treasury bond fell 1 1/32, increasing its yield to 2.599%.

For the week ending March 25, the Dow was up 0.31%, the Nasdaq climbed 1.98%, and the S&P 500 gained 1.79%. The Russell 2000 decreased 0.39%, and the Wilshire 5000 finished 1.52% higher.
Health Care Provider Faces Excessive Fee Lawsuit
Participants claim that the plan charged excessive fees for investments and recordkeeping services. 
Spousal Protections in DC Plans Eyed by Key Senators
Lawmakers have asked the Government Accountability Office to study the need for greater spousal protections in defined contribution retirement plans.
Legislation Would Ban Institutional Investments in Russia
The proposed IMPAIR Russia Act would prevent investment firms, insurance companies and fiduciaries subject to ERISA from investing in Russian entities.
JPM: Current De-Risking Strategies Might Encourage DB Plan Terminations
J.P. Morgan says a strategy change from LDI is needed to facilitate pension stabilization.
Small Talk
ON THIS DATE: In 1885, the Salvation Army was officially organized in the U.S. In 1917, during World War I the Women’s Army Auxiliary Corps (WAAC) was founded. In 1921, President Warren Harding named William Howard Taft as chief justice of the United States Supreme Court. In 1963, Sonny Werblin announced that the New York Titans of the American Football League was changing its name to the New York Jets. In 1969, Dwight D. Eisenhower, the 34th president of the United States and one of the most highly regarded American generals of World War II, died in Washington, D.C., at the age of 78. In 1979, the worst accident in the history of the U.S. nuclear power industry began when a pressure valve in the Unit-2 reactor at Three Mile Island failed to close. In 1984, Bob Irsay, owner of the Baltimore Colts, moved the team to Indianapolis. Without any sort of public announcement, Irsay hired movers to pack up the team’s offices in Owings Mills, Maryland, in the middle of the night, while the city of Baltimore slept. In 1990, Jesse Owens, American athlete and Olympic medalist, received the Congressional Gold Medal posthumously from President George H.W. Bush. In 2010, China’s Zhejiang Geely Holding Group Co. signed a deal to buy Ford Motor Co.’s Volvo car unit.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Do you trust headlines you see in traditional and social media?” I also asked, “Can a headline alone make you want to pursue the bigger story?” Nearly three-quarters (73%) said they do not trust headlines they see in traditional or social media to accurately reflect the topic of the story or a particular situation. Nearly two-thirds of responding readers said a headline alone does not always determine whether they want to pursue the bigger story or not, while 19% said it does and 15% said it doesn’t. The sentiment among those readers who chose to leave comments was general distrust of what they called “click bait” on any type of media. Commenters opined about the biases in media and the attempt to sway opinions, and also offered a warning to look further into what you read. Editor’s Choice goes to the reader whose comment helped me correct/clarify a subhead on one of our articles. Thank you to all who responded to our survey.
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