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PLANSPONSOR NEWSDASH LOGO May 19th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Benefits
What a Year Without Retirement Savings Can Do to Participant Outcomes
What a Year Without Retirement Savings Can Do to Participant Outcomes
Scenarios show what a break in savings, as well as distributions and loans, can do to a participant’s retirement account balance, and experts share tips for helping participants get back on track.
Deals and People
T. Rowe Price Expands Partnership With FIS to Transform Recordkeeping Solutions
FIS will assume responsibility for managing retirement technology development and core operations, while T. Rowe Price will continue to be responsible for delivering investment management, client service and personalized participant experiences.
Most Read

2021 Participant Survey
Data and Research
Participants Missing the Full Match Remains a Big Problem
Research
2021 Recordkeeping Survey
Economic Events
Privately‐owned housing starts in April were at a seasonally adjusted annual rate of 1,569,000, the Census Bureau reported. This is 9.5% below the revised March estimate of 1,733,000, but is 67.3% above the April 2020 rate of 938,000. Single‐family housing starts in April were at a rate of 1,087,000; this is 13.4% below the revised March figure of 1,255,000. The April rate for units in buildings with five units or more was 470,000.
Market Mirror
Tuesday, the Dow lost 267.13 points (0.78%) to finish at 34,060.66, the Nasdaq closed 75.41 points (0.56%) lower at 13,303.64, and the S&P 500 decreased 35.46 points (0.85%) to 4,127.83. The Russell 2000 was down 16.24 points (0.73%) at 2,210.88, and the Wilshire 5000 fell 302.53 points (0.70%) to 43,016.04.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.644%. The price of the 30-year Treasury bond was unchanged, with its yield down to 2.365%.
Administration
Two Approaches to Benchmarking Plan Fees
A quick comparison of prices paid by plan sponsor peers can let a sponsor know if it should issue an RFI or RFP.
Events
Plan Progress: Lessons From Litigation
Join PLANSPONSOR and retirement industry experts on May 20 as we discuss: Insights revealed from charges filed against plan sponsors, lawsuit settlements and court decisions; new trends in types of claims and plan sponsors being targeted; and how plan sponsors can be prepared in case a lawsuit is filed against them.
Small Talk
More than one-third (36%) of Americans age 65 and older aren’t comfortable taking off their masks in public until 2022 or later, and more than one in 10 (12%) say they’ll never remove their masks, a survey finds. Retirement-age Americans feel comfortable doing some activities now; nearly half say they feel comfortable traveling by car (49%) and doing outdoor activities (48%). One-third (34%) report they feel comfortable going back to the workplace now. However, more than one-quarter (28%) say they will never be comfortable going back to the workplace.
ON THIS DATE: In 1857, the electric fire alarm system was patented by William F. Channing and Moses G. Farmer. In 1864, the Union and Confederate armies launched their last attacks against each other at Spotsylvania in Virginia. In 1921, Congress passed the Emergency Quota Act, which established national quotas for immigrants. In 1935, the National Football League (NFL) adopted an annual college draft to begin in 1936. In 1958, Canada and the U.S. formally established the North American Air Defense Command. In 1974, Erno Rubik invented the puzzle what would later become known as the Rubik’s Cube. In 1992, the 27th Amendment to the Constitution went into effect. The amendment prohibits Congress from giving itself midterm pay raises. In 2003, it was announced that Worldcom Inc. would pay investors $500 million to settle civil fraud charges over its $11 billion accounting scandal. In 2003, hundreds of Albert Einstein’s scientific papers, personal letters and humanist essays were made available on the Internet. Einstein had given the papers to the Hebrew University of Jerusalem in his will.

WEDNESDAY WISDOM: “Life is hard. After all, it kills you.”—Katharine Hepburn, actress
Industry Intel Roundup—Featured White Paper
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring white papers offering key insights and analysis about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
SPONSORED BY: Fidelity Information Services
Three Steps to New Growth for Retirement Plan Providers
FIS’ 2021 Readiness Report reveals the paths to new growth for retirement plan providers.
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