Plansponsor Logo
PLANSPONSOR NEWSDASH LOGO March 3rd, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Awards
2021 Plan Sponsor of the Year Finalists
2021 Plan Sponsor of the Year Finalists
Today, we are pleased to announce the 2021 Plan Sponsor of the Year awards finalists in the Public Defined Contribution (DC) category.
Ask the Experts
RMDs in 2021
“I realize that required minimum distribution (RMD) requirements were waived for 2020, but what about 2021? Are there any distributions due on April 1? How about December 31?”
Most Read
Compliance
DOL Releases Its First Cybersecurity Guidance

2020 Recordkeeping Survey
Investing
Evaluating ‘To’ vs. ‘Through’ Glide Paths
SPONSORED BY: E*Trade
Considering Provider Support During a Challenging Year
Stock plan sponsors reflect on provider response as they navigate administration during the pandemic.
Market Mirror
Tuesday, the Dow was down 143.99 points (0.46%) at 31,391.52, the Nasdaq fell 230.04 points (1.69%) to 13,358.79, and the S&P 500 decreased 31.53 points (0.81%) to 3,870.29. The Russell 2000 gained 30.46 points (1.38%) to finish at 2,231.51, and the Wilshire 5000 closed 397.51 points (0.96%) lower at 41,140.82.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.414%. The price of the 30-year Treasury bond fell 25/32, increasing its yield to 2.208%.
Data and Research
Pandemic Prompts Many to Take More Notice of Retirement Plan
Providers saw an increase in the use of digital tools, prompting some plan participants to save more.
Higher Ed Institutions Facing Increased Turnover Due to Burnout During Pandemic
Plan sponsors can use benefit offerings to decrease their staff’s constant struggle with work/life balance and offer transition help to those who insist on retiring.
Small Talk
ON THIS DATE: In 1791, Congress passed a resolution that created the U.S. Mint. In 1849, the U.S. Department of the Interior was established. In 1863, during the Civil War, Congress passed a conscription act that produced the first wartime draft of U.S. citizens in American history. In 1923, the first issue of Time magazine was published. In 1931, President Herbert Hoover signed a congressional act making “The Star-Spangled Banner” the official national anthem of the United States. In 2005, American adventurer Steve Fossett became the first person to complete a solo nonstop circumnavigation of the globe without refueling when he landed in Kansas after more than 67 hours in flight.
WEDNESDAY WISDOM: “The great thing about getting older is that you don’t lose all the other ages you’ve been.”—Madeleine L’Engle, writer
Industry Intel Roundup—Featured Webcasts
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
Are your glide paths diversified enough for today’s evolving markets?
As plan participants head toward retirement, a target-date fund’s stock allocation decreases while its exposure to bonds goes up. But this is only part of the story for glide paths. With ever-changing markets, sub-asset classes and alternatives can help reduce correlations and thus mitigate exposure to broad market drawdowns. Come hear about the importance of a diversified glide path and how today’s macroeconomic events are changing the investing landscape and creating the need for glide paths with broader asset allocation.
PLANSPONSOR 2021 Plan Progress Series: Evaluating Guaranteed Income Products
The Setting Every Community Up for Retirement Enhancement (SECURE) Act provided a fiduciary safe harbor for selecting an insurer/vendor of guaranteed retirement income contracts and addressed the portability issue for offering in-plan guaranteed income products by permitting participants to transfer annuities no longer authorized to be held as investment options under a defined contribution (DC) plan. Still, plan sponsors might not understand product choices or how to address the huge need for participants to have guaranteed retirement income through DC plan design.
SPONSORED BY: TIAA
A Diversified Income Strategy: Why It’s Important For Your Employees
This webcast discusses the importance of income diversification and how to incorporate into retirement income strategies. It highlights the four key retirement risks and lifetime income sources that can help fortify a diversified retirement income strategy for participants. We will present insights from our latest 2020 Retirement Insights Survey along with research from Morningstar to show how “income diversification” on average can provide retirees with 20% more certainty-equivalent income in retirement. These insights strongly suggest that in-plan annuities should be considered as part of a retirement income strategy.
Redefining financial well-being: What employees need most in a post-pandemic world
The pandemic didn’t cause America’s retirement crisis—but it did shine a spotlight on some of its deepest cracks. Chief among them: the precariousness of people’s short- and long-term financial security. As we start to envision a post-COVID world, all eyes are on recovery. For employers, this is prompting a shift in focus from immediate, relief-oriented benefits to ones that address barriers to holistic financial well-being. This panel will explore: Two key barriers—emergency savings and retirement spending. Steps employers can take now to bolster their employees’ outcomes of tomorrow. Now is the time to redefine financial well-being to align with what employees will need most in a post-pandemic world.
PLANSPONSOR 2021 Plan Progress Series: 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. Last year, the DOL proposed controversial regulations seeming to suppress the use of ESG investments in retirement plans; however, when final regulations came out, the DOL’s stance was softened.
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
rss icon twitter icon linkedin-in icon facebook icon
ISS MEDIA logo
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2021 Asset International Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850