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PLANSPONSOR NEWSDASH LOGO November 12th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Administration
2021 Best Practices Conference: Benchmarking Investments and Fees
2021 Best Practices Conference: Benchmarking Investments and Fees
Plan sponsors should consider two necessary elements when benchmarking investments. Meanwhile, whether fees need to be benchmarked depends on how they are paid.
Administration
2021 Best Practices Conference: Managing Your Investment and Retirement Plan Committees
Experts discussed whether plan sponsors should have one or two committees, who should be on the committee(s) and the best approaches for documenting meetings.
Most Read
Research
2021 DC Plan Benchmarking Survey
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Data and Research
2022 Retirement Industry Trends to Follow
Market Mirror
Thursday, the Dow fell 158.71 points (0.44%) to 35,921.23, the Nasdaq closed 81.58 points (0.52%) higher at 15,704.28, and the S&P 500 was up 2.56 points (0.06%) at 4,649.27. The Russell 2000 increased 19.56 points (0.82%) to 2,409.14, and the Wilshire 5000 gained 90.96 points (0.19%) to finish at 48,359.03.

The bond markets were closed for the Veterans Day holiday.
Compliance
Mercy Health Agrees to Settle Suit Filed on Behalf of Three Retirement Plans
In addition to a $3.9 million payment, the fiduciaries will retain an independent consultant to review investments and fees.
Products
Investment Product and Service Launches
AllianceBernstein expands lifetime income strategy platform; Voya expands suite of target-date solutions; and Hartford Funds announces new semi-transparent ETF.
Small Talk
SURVEY SAYS: The pandemic caused many people and families to put Thanksgiving traditions on hold. This week, I’d like to know, will you resume your Thanksgiving traditions this year? I’d also like you to share some things you are thankful for. You may respond to this week’s survey by 6 p.m. Pacific time today.
ON THIS DATE: In 1799, the first meteor shower was documented, as Andrew Ellicott Douglass witnessed the Leonids meteor shower from a ship off the Florida Keys. In 1892, William “Pudge” Heffelfinger became the first professional football player when he was paid a $500 bonus for helping the Allegheny Athletic Association beat the Pittsburgh Athletic Club. In 1915, Theodore W. Richards, of Harvard University, became the first American to be awarded the Nobel Prize in chemistry. In 1940, Walt Disney released “Fantasia.” In 1954, Ellis Island shut it doors after processing more than 12 million immigrants since opening in 1892. In 1975, U.S. Supreme Court Justice William O. Douglas retired because of failing health, ending a record 36.5-year term. In 1998, Daimler-Benz completed a merger with Chrysler to form Daimler-Chrysler AG. In 2013, U.S. Airways and AMR reached an antitrust settlement with the U.S. Department of Justice which would allow a merger that would create the world’s largest airline.

And now it’s time for some FRIDAY FUN!
When a boat breaks through ice, it makes some interesting sound and visual effects.

There goes dinner.

Near Hamilton, New Zealand, a couple weeding their garden struck something bit beneath the soil. While digging around the object, the couple began to think it was some kind of fungal growth, but after prying it out and giving it a taste, they realized it was a potato. According to the Associated Press, the potato is huge, weighing 17.8 kilograms (a little over 17 pounds). The couple has applied for a Guinness world record. The couple has also named the potato based on the way it was found. Meet Doug. [pic]

Have a great weekend!
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