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PLANSPONSOR NEWSDASH LOGO March 4th, 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 Corporate 401(k) >$1B and Corporate 401(k) >$300MM – $1B categories.
Compliance
Settlement Details Published in Norton Healthcare ERISA Suit
The settlement comes with a $5.75 million price tag to be split between the plan sponsor defendant and its financial adviser, along with other nonmonetary stipulations to be followed by both the plaintiffs and the defendants.
Most Read
Compliance
DOL Releases Its First Cybersecurity Guidance

2020 Recordkeeping Survey
Investing
Evaluating ‘To’ vs. ‘Through’ Glide Paths
SPONSORED BY: Conduent HR Services
Conduent reduced one employer’s pension liability by approx. $1M
With 163k retirees, an active workforce of 115k and 8 distinct pension plans, this Fortune 100 client needed an innovative approach to lower costs and de-risk their retirement benefits.
Market Mirror
Wednesday, the Dow was down 121.43 points (0.39%) at 31,270.09, the Nasdaq fell 361.04 points (2.70%) to 12,997.75, and the S&P 500 closed 50.57 points (1.31%) lower at 3,819.72. The Russell 2000 decreased 23.72 points (1.06%) to 2,207.79, and the Wilshire 5000 lost 643.95 points (1.57%) to finish at 40,496.95.

The price of the 10-year Treasury note decreased 28/32, bringing its yield up to 1.470%. The price of the 30-year Treasury bond fell 1 2/32, increasing its yield to 2.266%.
Opinions
SECURE Act 2.0 Could Be a Game Changer for Retirement Planning
Syed Nishat, with Wall Street Alliance Group, discusses anticipated changes from retirement plan legislation introduced at the end of last year.
Benefits
Understanding Employee Health Data Can Help Decrease Costs
Data can inform plan sponsors about what benefits to offer as well as how to steer employee use of benefits.
How Companies Successfully Ran Virtual Open Enrollment in 2020
Many are continuing the practice in 2021 and continuing to use different types of communications to reach employees.
Products
Voya Adds Emergency Savings Solution to Financial Wellness Support Offerings
The platform is said to provide out-of-plan emergency savings support alongside the retirement plan and other workplace savings accounts.
Small Talk
ON THIS DATE: In 1789, the first Congress of the United States met in New York and declared that the U.S. Constitution was in effect. In 1791, Vermont was admitted as the 14th U.S. state. In 1794, the 11th Amendment to the U.S. Constitution was passed by Congress. The Amendment limited the jurisdiction of the federal courts to automatically hear cases brought against a state by the citizens of another state. Later interpretations expanded this to include citizens of the state being sued, as well. In 1877, Emile Berliner invented the microphone. In 1902, the American Automobile Association was founded in Chicago. In 1917, Jeanette Rankin of Montana took her seat as the first woman elected to the House of Representatives. In 1933, Labor Secretary Frances Perkins became the first woman to serve in a Presidential administrative cabinet. In 1950, Walt Disney’s “Cinderella” was released across the U.S. In 1954, in Boston, Peter Bent Brigham Hospital reported the first successful kidney transplant. In 1974, “People” magazine was available for the first time. In 1997, President Bill Clinton barred federal spending on human cloning.
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