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Insight on Plan Design & Investment Strategy Every Weekday
A Checklist for Retirement Plan Committees
A Checklist for Retirement Plan Committees
Experts discuss what main facets of a retirement plan that a committee should cover in its quarterly meetings.
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) >$150MM–$300MM and Corporate 401(k) >$50MM–$150MM categories.
Most Read
2021 Recordkeeping Survey
Data and Research
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Economic Events
New orders for manufactured durable goods in January increased $8.5 billion or 3.4% to $256.6 billion, the U.S. Census Bureau announced. This increase, up nine consecutive months, followed a 1.2% December increase. Excluding transportation, new orders increased 1.4%. Excluding defense, new orders increased 2.3%. Transportation, up eight of the last nine months, led the increase, $6.1 billion or 7.8% to $85.1 billion.

Interest on a 30-year fixed-rate mortgage averaged 3.02% for the week ending March 4, up from last week when it averaged 2.97%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.29%. Interest on a 15-year fixed-rate mortgage averaged 2.34%, unchanged from last week. A year ago at this time, the 15-year FRM averaged 2.79%.

In the week ending February 27, the advance figure for seasonally adjusted initial claims for unemployment insurance was 745,000, an increase of 9,000 from the previous week’s revised level of 736,000, the Labor Department reported. The four-week moving average was 790,750, a decrease of 16,750 from the previous week’s revised average of 807,500.
Market Mirror
Thursday, the Dow lost 345.95 points (1.11%) to finish at 30,924.14, the Nasdaq closed 274.28 points (2.11%) lower at 12,723.47, and the S&P 500 decreased 51.25 points (1.34%) to 3,768.47. The Russell 2000 fell 60.87 points (2.76%) to 2,146.92, and the Wilshire 5000 plunged 654.49 points (1.62%) to 39,842.43.

The price of the 10-year Treasury note was down 6/32, increasing its yield to 1.548%. The price of the 30-year Treasury note decreased 29/32, bringing its yield up to 2.316%.
American Red Cross Faces ERISA Lawsuit
Plaintiffs say the failure to issue an effective RFP for recordkeeping and a rebranding process for investments led to additional costs for participants.
Deals and People
Calling All PLANSPONSOR Plan Adviser of the Year Nominations
Today is the last day to nominate an adviser for our 2021 PLANSPONSOR Retirement Plan Adviser of the Year awards.
Data and Research
On the Minds of Plan Sponsors
Attendees of PLANSPONSOR’s most recent virtual conference heard about how the impacts of COVID-19 call for a new, more robust approach to financial and retirement benefits.
Investment Product and Service Launches
Lockton and Morningstar team up to offer adviser managed accounts, and firms launch TDFs with guaranteed income.
Small Talk
ON THIS DATE: 1770 – “The Boston Massacre” took place when British troops fired on a crowd in Boston killing five people. Two British troops were later convicted of manslaughter. In 1868, the impeachment trial of Andrew Johnson began. 1922 – “Annie Oakley” (Phoebe Ann Moses) broke all existing records for women’s trap shooting. She hit 98 out of 100 targets. 1923 – Old-age pension laws were enacted in the states of Montana and Nevada. 1956 – The U.S. Supreme Court affirmed the ban on segregation in public schools. 1998 – NASA announced that an orbiting craft had found enough water on the moon to support a human colony and rocket fueling station. 1998 – It was announced that Air Force Lt. Col. Eileen Collins would lead crew of Columbia on a mission to launch a large X-ray telescope. She was the first woman to command a space shuttle mission.

FRIDAY FUN: This week, I’d like to ask readers to weigh in on the “best of” FRIDAY FILES or FRIDAY FUN. If there is a story, picture or video that has stuck out in your mind, please email it to me at

Have a great weekend, everyone!
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