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PLANSPONSOR NEWSDASH LOGO May 20th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Unequal Financial Experiences Highlight Need for Different Emergency Savings Solutions
Unequal Financial Experiences Highlight Need for Different Emergency Savings Solutions
Some people have not recovered from economic losses caused by the pandemic and need help from employers, retirement plan providers and other sources to build a financial cushion.
Events
2021 Virtual PLANSPONSOR National Conference
From June 21 through June 24, you can enjoy virtual discussions among your plan sponsor peers, retirement plan advisers and providers, as well as legislative and legal experts, about ways to continue to build plans and financial wellness programs that improve the outcomes of your unique workforce, while implementing proper corporate governance to manage fiduciary duties. In our virtual exhibit hall, attendees may interact with plan providers, obtain additional information to help build plans of excellence and participate in some fun giveaways. Whether you are new as a retirement plan sponsor or have years of experience, whether you work on the finance, treasury or human resource (HR) side of the plan, and whether your workforce has been hit hard by the events of this past year or fared relatively well, the 2021 PLANSPONSOR National Conference has something for you!
Most Read
Research
2021 Target-Date Fund Survey
Compliance
The DOL Has Begun Retirement Plan Cybersecurity Audits
Compliance
Rush of Litigation Against Retirement Plans Expected to Continue
Market Mirror
Wednesday, the Dow fell 164.62 points (0.48%) to 33,896.04, the Nasdaq was down 3.90 points (0.03%) at 13,299.74, and the S&P 500 decreased 12.15 points (0.29%) to 4,115.68. The Russell 2000 closed 17.24 points (0.78%) lower at 2,193.64, and the Wilshire 5000 lost 150.49 points (0.35%) to finish at 42,865.53.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.679%. The price of the 30-year Treasury bond decreased 25/32, bringing its yield up to 2.375%.
Data and Research
Need for Holistic Well-Being Programs Has Increased
Budgeting, work-life balance and stress management were among high priorities cited by employees surveyed.
Compliance
Trio of Senators Introduces Retirement Reform Bill
The Improving Access to Retirement Savings Act parallels, but does not exactly match, the Securing a Strong Retirement Act, a piece of legislation which was recently advanced out of committee in the House of Representatives.
Investing
Are Annuities Appropriate for Each Investor?
Considering participant demographics and circumstances and the properties of different annuity types can help plan sponsors make a decision for their plan.
Small Talk
ON THIS DATE: In 1506, Italian explorer Christopher Columbus died in Valladolid, Spain. In 1830, the fountain pen was patented by H.D. Hyde. In 1861, during the American Civil War, the capital of the Confederacy was moved from Montgomery, Alabama, to Richmond, Virginia. In 1873, San Francisco businessman Levi Strauss and Reno, Nevada, tailor Jacob Davis were given a patent to create work pants reinforced with metal rivets, now known as blue jeans. In 1875, the International Bureau of Weights and Measures was established. In 1926, Congress passed the Air Commerce Act. The act gave the Department of Commerce the right to license pilots and planes. In 1927, at 7:52 a.m., American aviator Charles A. Lindbergh took off from Roosevelt Field on Long Island, New York, on the world’s first solo, nonstop flight across the Atlantic Ocean and the first ever nonstop flight between New York to Paris. In 1932, Amelia Earhart took off to fly solo across the Atlantic Ocean. She became the first woman to achieve the feat. In 1969, after 10 days and 10 bloody assaults, Hill 937 in South Vietnam, dubbed “Hamburger Hill” by American soldiers, was finally captured by U.S. and South Vietnamese troops. In 1978, Mavis Hutchinson, at age 53, became the first woman to run across America. It took Hutchinson 69 days to run the 3,000 miles. In 1980, the submarine Nautilus was designated as a National Historic Landmark by the Secretary of the Interior. In 1996, the U.S. Supreme Court voted six to three to strike down an amendment to Colorado’s state constitution that would have prevented any city, town or county in the state from taking any legislative, executive or judicial action to protect the rights of gays and lesbians.
SURVEY SAYS: The unofficial start of summer, Memorial Day, is approaching, and your plans for the long weekend may be different from last year. Will you be taking a trip this Memorial Day weekend? And, with the unofficial start of the season, what is on your reading list or what do you recommend for other’s reading lists this summer? You may respond to this week’s survey by 6 p.m. Pacific time today.
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