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PLANSPONSOR NEWSDASH LOGO May 18th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Compliance
SECURE 2.0 Calls for Guidance on Asset Allocation Fund Benchmarks
SECURE 2.0 Calls for Guidance on Asset Allocation Fund Benchmarks
The Securing a Strong Retirement Act asks the DOL to modify ERISA to allow plan sponsors to use a benchmark that’s a blend of different market indexes.
Opinions
Boosting Participant Engagement in DC Plans
Karen Witham, with DCIIA, discusses how effective communication strategies can help improve DC plan participant engagement.
Most Read
Compliance
New Financial Audit Rule Increases Requirements for Plan Sponsors
Research
2021 Recordkeeping Survey

2021 Plan Sponsor of the Year
Market Mirror
Yesterday, the Dow was down 54.34 points (0.16%) at 34,327.79, the Nasdaq lost 50.93 points (0.38%) to finish at 13,379.05, and the S&P 500 closed 10.56 points (0.25%) lower at 4,163.29. The Russell 2000 was up 2.49 points (0.11%) at 2,227.12, and the Wilshire 5000 decreased 97.23 points (0.22%) to 43,318.57.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.649%. The price of the 30-year Treasury bond decreased 4/32, bringing its yield up to 2.365%.
Compliance
IRS Says Lack of Details Is a Common Error in VCP Submissions
Plan sponsors, or their representatives, can refer to an updated IRS webpage to ensure submissions to the voluntary correction program are error-free.
Administration
Expanding Sustainability Outside of ESG Investments
Sustainability doesn’t just come from green investments. Plan sponsors can also incorporate sustainable practices in their day-to-day work.
Small Talk
ON THIS DATE: In 1860, Abraham Lincoln, a one-time U.S. representative from Illinois, is nominated for the U.S. presidency by the Republican National Convention meeting in Chicago. In 1934, Congress approved an act, known as the “Lindberg Act,” that called for the death penalty in interstate kidnapping cases. In 1953, the first woman to fly faster than the speed of sound, Jacqueline Cochran, piloted an F-86 Sabrejet over California at an average speed of 652.337 miles-per-hour. In 1980, at 8:32 a.m. PDT, Mount St. Helens, a volcanic peak in southwestern Washington, suffered a massive eruption, killing 57 people and devastating some 210 square miles of wilderness. In 2012, Facebook, the world’s largest social network, held its initial public offering (IPO) and raised $16 billion. It was the largest technology IPO in American history to that date, and the third-largest IPO ever in the United States, after those of Visa and General Motors.
TUESDAY TRIVIA: What are U.S. currency bills made from?
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