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PLANSPONSOR NEWSDASH LOGO May 25th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Participants
How to Get Participants to Really Think Twice About Early Withdrawals
How to Get Participants to Really Think Twice About Early Withdrawals
Educating participants and offering them guidance on rollovers can substantially reduce loans, hardship withdrawals and cash-outs, experts say.
Awards
2021 Plan Sponsors of the Year
We are pleased to announce the 2021 Plan Sponsor of the Year winner in the Corporate 401(k) $25MM-$50MM category: COFCO International USA.
Most Read
Compliance
New Financial Audit Rule Increases Requirements for Plan Sponsors
Research
2021 Recordkeeping Survey

2021 Plan Sponsor of the Year
SPONSORED BY: Invesco
Watch Your Language: Rethinking How We Communicate With Participants
Learn more from our three key insights on how to communicate with participants.
Market Mirror
Yesterday, the Dow increased 186.14 points (0.54%) to 34,393.98, the Nasdaq climbed 190.18 points (1.41%) to 13,661.17, and the S&P 500 closed 41.19 points (0.99%) higher at 4,197.05. The Russell 2000 was up 12.07 points (0.54%) at 2,227.34, and the Wilshire 5000 gained 428.55 points (0.99%) to finish at 43,751.29.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 1.602%. The price of the 30-year Treasury bond increased 4/32, bringing its yield down to 2.301%.
Compliance
Settlement in Columbia University ERISA Case Includes Non-Monetary Provisions
The university has agreed to request competitive bids for administrative services in the next three to four years and maintain the lowest share class of plan investments, among other things.
Insights
When Help Is Needed
Plan sponsors need support. But the answer isn’t always to switch to a different plan type.
Small Talk
ON THIS DATE: In 1787, four years after the United States won its independence from England, 55 state delegates, including George Washington, James Madison and Benjamin Franklin, convened in Philadelphia to compose a new U.S. constitution. In 1844, the gasoline engine was patented by Stuart Perry. In 1925, John Scopes was indicted for teaching the Darwinian theory in school. In 1935, at Forbes Field in Pittsburgh, Pennsylvania, Babe Ruth hit his 714th home run, a record for career home runs that would stand for almost 40 years. In 1935, Jesse Owens tied the world record for the 100-yard dash. He ran it in 9.4 seconds. He also broke three other world track records. In 1968, the Gateway Arch, part of the Jefferson National Expansion Memorial in St. Louis, Missouri, was dedicated. In 1977, the first of George Lucas’ blockbuster Star Wars movies hit American theaters. In 1986, approximately 7 million Americans participated in “Hands Across America,” an event to raise money for the hungry and homeless in America. In 1992, Jay Leno debuted as the new host of NBC’s “Tonight Show.” In 1997, Strom Thurmond became the longest-serving Senator in U.S. history (41 years and 10 months). In 2001, Erik Weihenmayer, 32, of Golden, Colorado, became the first blind climber to reach the summit of Mount Everest. In 2001, Sherman Bull, 64, of New Canaan, Connecticut, became the oldest climber to reach the summit of Mount Everest. In 2006, former Enron Corp. chiefs Kenneth Lay and Jeffrey Skillinng were convicted of conspiracy and fraud for the downfall of Enron. In 2020, George Floyd was killed by a police officer, igniting historic protests.
TUESDAY TRIVIA: What is the other name for the game Rock, Paper, Scissors?
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