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PLANSPONSOR NEWSDASH LOGO May 5th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Administration
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 Participant Survey
Data and Research
Participants Missing the Full Match Remains a Big Problem
Research
2021 Recordkeeping Survey
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%.
Compliance
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.
Products
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.
SPONSORED BY: Fidelity Information Services
New Paths to Retirement Growth and Strategies for Success
Under pressure from all sides – from clients to competitors to regulatory bodies and global events – the retirement industry is undergoing significant disruption that will define this decade. Join a panel of industry experts as they provide their perspective on these disruptions and the strategies they have in place to address them, including driving participant engagement, increasing cybersecurity, and leveraging advanced technology to drive efficiency and innovation.
PLANSPONSOR 2021 Plan Progress Series: Communicating to Boost Participant Engagement
Employees’ savings may have gotten off course due to financial impacts of the pandemic and legislation allowing for special retirement plan distributions and higher loan limits. With so many issues affecting health and finances over the past year, perhaps it’s time for a retirement savings reset.
SPONSORED BY: AIG
Cybersecurity: Current Topics in Today’s Landscape
How are your retirement plan and your participant accounts protected against cyber threats? Ransomware, malware, phishing, scams and disinformation are just some of the tactics cybercriminals use to pierce the corporate shield protecting your accounts. We’ll look at today’s current corporate threat landscape: cyber fraud trends and themes and current DOL Guidance. Then we’ll peel back the veil and share some examples of how corporations investigate cybercrime, what the process is and how it’s structured, and what corporate investigative units are seeing and talking about now. Join us for a revealing examination.
SPONSORED BY: Natixis Investment Managers
ESG Investing: Fade of Future?
With the growth in assets and demand, the reality is that ESG investing is already mainstream and may well represent the future of investing. In fact, plan participants surveyed said that being able to align their investments with their personal values would encourage them to save more. 61% of retirement plan participants say ESG investments would make them more likely to contribute to their workplace retirement plan.* 83% of Millennials say they want their investments to reflect with personal values.** Join us to hear from a distinguished panel about how ESG investing is here to stay and how it can help participants increase retirement savings. You’ll learn that ESG doesn’t mean sacrificing performance, can meet participant demand, and hear examples of case studies.
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