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PLANSPONSOR NEWSDASH LOGO March 3rd, 2022
Insight on Plan Design & Investment Strategy Every Weekday
Participants
Combatting Participants’ Misperceptions About TDFs
Combatting Participants’ Misperceptions About TDFs
It’s important for participants to understand how target-date funds work so they don’t have a false sense of security about their retirement readiness.
Investing
Public Pensions Making Moves to Divest From Russia
New federal sanctions forced Colorado’s PERA to take its money out of a Russian state-owned bank almost immediately.
Most Read
Data and Research
The Growing Interest in Guaranteed Income Options
Research
2021 Recordkeeping Survey
Data and Research
Emergency Savings Programs Boost Retirement Outcomes
Market Mirror
Wednesday, the Dow rose 596.40 points (1.79%) to 33,891.35, the Nasdaq gained 219.56 points (1.62%) to finish at 13,752.02, and the S&P 500 closed 80.28 points (1.86%) higher at 4,386.54. The Russell 2000 increased 50.37 points (2.51%) to 2,058.87, and the Wilshire 5000 climbed 792.61 points (1.82%) to 44,365.98.

The price of the 10-year Treasury note fell 1 26/32, increasing its yield to 1.877%. The price of the 30-year Treasury bond dropped 3 26/32, bringing its yield up to 2.258%.
Compliance
Land O’Lakes Settles ERISA Fee Lawsuit
While it admits no wrongdoing in the settlement agreement, Land O’Lakes will pay $1.8 million into a qualified settlement fund.
Lawmakers Unveil Multiemployer Pension Rescue Tracker
The website keeps tabs of multiemployer plans that have received the Pension Benefit Guaranty Corporation’s special financial assistance. 
Data and Research
DC Plan Participant Savings Rates Can Be Boosted ‘By the Penny’
Reframing savings rates to pennies over percentages has proved useful in theory to boost participation and has shown success when put into practice.
Can Institutional Investors Take a Cue From Endowments and Foundations?
Nonprofit investors are turning to alternative investments to help boost performance, as they expect traditional investments to produce lower returns in the next 10 years, according to a CAPTRUST survey.
Small Talk
ON THIS DATE: In 1791, Congress passed a resolution that created the U.S. Mint. In 1820, Congress passed the Missouri Compromise, granting Missouri statehood as a slave state under the condition that slavery was to be forever prohibited in the rest of the Louisiana Purchase north of the 36th parallel. In addition, Maine, formerly part of Massachusetts, was admitted as a free state, thus preserving the balance between Northern and Southern senators. In 1845, Florida became the 27th U.S. state. In 1849, the U.S. Department of the Interior was established. In 1849, the territory of Minnesota was created. 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 1885, the American Telephone and Telegraph (AT&T) company was incorporated in New York as a subsidiary of the American Bell Telephone Company. 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 1969, Apollo 9 was launched by NASA to test a lunar module. 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.

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