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PLANSPONSOR NEWSDASH LOGO May 4th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Participants
DC Plan Participants Need More Than Jargon
DC Plan Participants Need More Than Jargon
The way people view and define retirement has undergone a significant philosophical change in recent years, creating a clear and present need to update the defined contribution plan lexicon.
Administration
Forces Come Together to Make PRTs More Attractive
Increased funded status for DB plans and rising interest rates make now a good time for plan sponsors to consider implementing pension risk transfer transactions.
Most Read
1
What Participants Want From Employers’ Retirement Plan Websites
2
2021 Recordkeeping Survey
3
DOL’s Next Moves
4
Allowing for After-Tax Contributions in a 401(a) Plan
5
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
SPONSORED BY: American Century Investments
The Transition Risk Zone
Where retirement perception and reality diverge.
Economic Events
Construction spending during March was estimated at a seasonally adjusted annual rate of $1,513.1 billion, 0.2% above the revised February estimate of $1,509.9 billion, the Census Bureau announced. The March figure is 5.3% above the March 2020 estimate of $1,436.7 billion. During the first three months of this year, construction spending amounted to $328.3 billion, 4.5% above the $314.1 billion for the same period in 2020.
Market Mirror
Yesterday, the Dow climbed 238.38 points (0.70%) to 34,113.23, the Nasdaq closed 67.56 points (0.48%) lower at 13,895.12, and the S&P 500 increased 11.49 points (0.27%) to 4,192.66. The Russell 2000 gained 11.00 points (0.49%) to finish at 2,277.45, and the Wilshire 5000 was up 63.76 points (0.15%) at 43,933.85.

The price of the 10-year Treasury note increased 2/32, bringing its yield down to 1.606%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 2.286%.
Compliance
Lawsuit Alleges Participant Price for University of Tampa Plan Is Too High
The plaintiff argues that similar university lawsuit settlements have helped to drive down fees, and changes the university made last year were too late.
Investing
ESG Investing Has Extended to Fixed Income
Asset managers say applying ESG screens to fixed income opportunities offers another prism of assessing risk.
Small Talk
ON THIS DATE: In 1905, the U.S. officially began construction on the Panama Canal. In 1961, the first Freedom Ride departed from Washington, D.C. In 1970, in Kent, Ohio, 28 National Guardsmen fired their weapons at a group of anti-war demonstrators on the Kent State University campus, killing four students, wounding eight, and permanently paralyzing another. In 1987, the First Bank of the United States, in Philadelphia, was listed as a National Historic Landmark. In 2012, in Las Vegas, Google received the first self-driving vehicle testing license.
TUESDAY TRIVIA: Why are there no mosquitos at Disney World?
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