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Variable Benefit Plans a Solution for All Types of Plan Sponsors
Variable Benefit Plans a Solution for All Types of Plan Sponsors
Corporate, multiemployer and public plan sponsors have been drawn to variable benefit plans for their ability to minimize costs while offering guaranteed income to participants.
Ask the Experts
Are Employee Mandatory Contributions to 403(b)s Reported on W-2s?
I work at a university where we have an employee mandatory contribution that is pursuant to a one-time irrevocable election as to whether to participate in our 403(b) plan. Our payroll people insist that the mandatory contributions don’t have to be reported on the W-2 at all, but I always thought that they needed to be reported somewhere. Who is correct?”
Most Read
2021 Target-Date Fund Survey
The DOL Has Begun Retirement Plan Cybersecurity Audits
Rush of Litigation Against Retirement Plans Expected to Continue
Economic Events
New orders for manufactured durable goods in March increased $1.4 billion or 0.5% to $256.3 billion, the U.S. Census Bureau announced. This increase, up ten of the last eleven months, followed a 0.9% February decrease. Excluding transportation, new orders increased 1.6%. Excluding defense, new orders increased 0.5%. Fabricated metal products, up six of the last seven months, led the increase, $1.2 billion or 3.6% to $35.4 billion.
Market Mirror
Tuesday, the Dow was up 19.80 points (0.06%) at 34,133.03, the Nasdaq fell 261.62 points (1.88%) to 13,633.50 and the S&P 500 decreased 28.00 points (0.67%) to 4,164.66. The Russell 2000 lost 29.16 points (1.28%) to finish at 2,248.29, and the Wilshire 5000 closed 374.20 points (0.85%) lower at 43,559.67.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 1.585%. The price of the 30-year Treasury bond increased 7/32, bringing its yield down to 2.253%.
House Committee Expected to Advance ‘SECURE Act 2.0’
Commenting on the expected legislative action, sources agree the stakes remain high when it comes to addressing the U.S. retirement security gap.
Data and Research
Academics Say TDF Managers Take Advantage of Low-Attention Investors
The three professors say their research shows the importance of transparency.
Intelligence Driven Advisers Launches Platform for Small to Midsize Sponsors
FUTUREADY401K features a professionally managed investment lineup and lets sponsors know how many employees are on track to reach their financial goals.
Small Talk
Americans are spending $120 on Mother’s Day gifts this year, which is $23 more than 2020, according to a survey by RetailMeNot. The online coupon provider says that with stimulus checks and tax refunds in people’s pockets, many are feeling more confident about spending. The traditional, simple gifts are still the top choices. And, according to other surveys, what moms want might not require any spending at all.
ON THIS DATE: 1862 – The Battle of Puebla took place. It is celebrated as Cinco de Mayo. 1865 – The Thirteenth Amendment was ratified, abolishing slavery in the U.S. 1925 – John T. Scopes, a biology teacher in Dayton, TN, was arrested for teaching Darwin’s theory of evolution. 1961, Navy Commander Alan Bartlett Shepard Jr. is launched into space aboard the Freedom 7 space capsule, becoming the first American astronaut to travel into space. 1966 – Willie Mays broke the National League record for home runs when he hit his 512th.
WEDNESDAY WISDOM: “You reclaim your power by loving what you were once taught to hate.”—Bryant H. McGill, author and activist
Industry Intel Roundup—Featured Webcasts
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
Redefining Participant Success: Getting More From Long Term Incentives and ESPPs
When it comes to your participants, how do you drive and measure success of your benefits offering? Where does equity fit into the equation? And, how do company stock plans impact other benefit programs? If these questions have been on your mind, join Fidelity on June 10th to hear Yosef Siegal unveil new findings about participant behavior, metrics that can help redefine potential success, and opportunities to help you and your participants get the most of their stock plans. Plus, hear firsthand from Emily Cervino on groundbreaking research that exposes surprising connections between LTI programs and ESPPs have on 401(k).
Recent Trends in Financial Wellness, Retirement Readiness and Guaranteed Lifetime Income
PLANSPONSOR 2021 Plan Progress Series: Lessons From Litigation
There is no shortage of litigation filed against retirement plan sponsors. It seems that most lawsuits focus on plan administration and investment fees, but a variety of other charges have been filed. While plan sponsors’ first priority is the best interest of participants and not how to avoid legislation, no one wants to be sued. With a large number of cases resulting in settlements, the courts haven’t offered much input on the issues, but there are still lessons to be learned.
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