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PLANSPONSOR NEWSDASH LOGO May 12th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Special Coverage
Tiptop Health Savings Accounts
Tiptop Health Savings Accounts
How to utilize design, metrics and education to improve employee engagement with HSAs.
Data and Research
COVID-19 Had Little Effect on Multiemployer Plan Funding
The percentage of plans in the healthy ‘green’ zone increased slightly; however, the pandemic had an effect on certain industries’ short- and long-term assumptions.
Most Read
Compliance
New Financial Audit Rule Increases Requirements for Plan Sponsors
Research
2021 Recordkeeping Survey

2021 Plan Sponsor of the Year
Market Mirror
Tuesday, the Dow fell 473.66 points (1.36%) to 34,269.16, the Nasdaq was down 12.43 points (0.09%) at 13,389.43, and the S&P 500 decreased 36.33 points (0.87%) to 4,152.10. The Russell 2000 closed 64.64 points (2.85%) lower at 2,206.99, and the Wilshire 5000 lost 296.14 points (0.68%) to finish at 43,219.02.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.619%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 2.353%.
Compliance
403(b) Plan Sponsor Sued Over Excessive Fees and Underperforming Investments
The lawsuit calls out the use of the active suite of the Fidelity Freedom target-date funds, among other things.
Ask the Experts
Can 403(b) Plan Participants Repay or Initiate Loans After Termination?
I’ve spent my entire benefits career in corporate plans prior to my arrival at a nonprofit health care organization and have a question regarding its 403(b) plan. The plan appears to allow terminated employees to continue to repay loans, and even initiate loans, since repayments are made via ACH bank transfers rather than payroll deduction. Is this permissible? Even at my prior employers, where there were loans repaid by ACH, we still required full repayment or offset of the loan upon employment termination.”
Small Talk
Nearly half (49%) of Americans added money to their personal savings in April, the highest in the 19-month history of the MagnifyMoney Savings Index. However, those savings aren’t growing, and consumers are discontented. On the other hand, more than one-third (34%) of consumers surveyed admitted they have no idea how much interest they’re earning with their primary savings account.
ON THIS DATE: In 1847, William Clayton invented the odometer. In 1907, Katharine Hepburn, one of the most celebrated actresses of the 20th century, was born in Hartford, Connecticut. In 1926, the airship Norge became the first vessel to fly over the North Pole. In 1937, Britain’s King George VI was crowned at Westminster Abbey. In 1949, an early crisis of the Cold War came to an end when the Soviet Union lifted its 11-month blockade against West Berlin. In 1950, the American Bowling Congress abolished its white males-only membership restriction after 34 years. In 1978, the National Oceanic and Atmospheric Administration announced that it would no longer exclusively name hurricanes after women. In 2015, it was announced that Verizon would acquire AOL.

WEDNESDAY WISDOM: “I never lose sight of the fact that just being is fun.”—Katharine Hepburn
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