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Insight on Plan Design & Investment Strategy Every Weekday
Refocusing on Retirement Plan Initiatives in 2021
Plan sponsors need education about SECURE Act provisions and should increase their focus on employee financial well-being, webinar presenters said.
Employers Increasingly Interested in ICHRAs as a Health Benefit Offering
This new benefit option allows employers to keep their costs fixed by giving employees the opportunity to manage their own health care benefit choices, says Willis Towers Watson.
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Data and Research
Health Care in Retirement Will Cost an Average of $315,000
Deals and People
Retirement Industry People Moves
Debt Challenges All Generations in the Workforce
Market Mirror
Yesterday, the Dow climbed 470.63 points (1.60%) to 29,950.44, the NASDAQ was up 94.84 points (0.80%) at 11,924.13, and the S&P 500 increased 41.76 points (1.16%) to 3,626.91. The Russell 2000 closed 41.29 points (2.37%) higher at 1,785.34, and the Wilshire 5000 gained 462.11 points (1.25%) to finish at 37,457.05.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.907%. The price of the 30-year Treasury bond decreased 4/32, bringing its yield up to 1.663%.
Preparing for Audits and Correcting Mistakes
Facing an audit of your plan by the Department of Labor (DOL) or the IRS can be scary, but it doesn’t have to be a terrible experience. There are things plan sponsors can do to have plans that are audit-ready. Join PLANSPONSOR and retirement industry experts for a webinar in which you will learn what triggers an audit by the DOL or the IRS; what documentation plan sponsors need to have on file to prepare for a successful audit outcome; common mistakes the DOL and IRS find; and options for correcting mistakes.
Principal to Launch PEP, Says More to Come
The firm is targeting its pooled employer plan at startups and companies with up to $10 million in retirement plan assets.
PenChecks Streamlines Retirement Distribution Processing
The firm says its new platform is meant to make it easier to handle retirement plan distributions.
Small Talk
ON THIS DATE: In 1800, Congress held its first session in Washington, D.C., in the partially completed Capitol building. In 1869, the Suez Canal opened, connecting the Mediterranean and the Red seas. In 1962, Washington’s Dulles International Airport was dedicated by President John Kennedy. In 1968, NBC cut away from the final minutes of a New York Jets-Oakland Raiders game to begin a TV special, “Heidi,” on schedule. The Raiders came from behind to beat the Jets 43-32. Viewers were outraged. In 1982, the Empire State Building was added to the National Register of Historical Places. In 2010, researchers trapped 38 antihydrogen atoms. It was the first time humans had trapped antimatter.
TUESDAY TRIVIA: What is the origin of the phrase “riding shotgun?”
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