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PLANSPONSOR NEWSDASH LOGO November 3rd, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Emphasizing Retirement Savings for Young Part-Time Workers
Emphasizing Retirement Savings for Young Part-Time Workers
Part-time employees that will be entering retirement plans under SECURE Act provisions might not have had any experience in saving and planning for retirement.
Administration
A Look at Hospital and Health Care System Pensions
Health care organizations face an uphill battle financially, but the right strategies for investing and controlling PBGC premiums can help them get to the other side.
Most Read
Compliance
Effect of the Biden Administration on Health and Retirement Benefits
Compliance
Cybersecurity Risks Still Lurking for Retirement Plan Sponsors
Benefits
What Happens When Student Loan Payment Deferral Ends?
SPONSORED BY: American Century Investments
An ERISA Attorney’s Views on Target-Date Fund Selection
Brad Campbell opines on how ERISA protects fiduciaries—if they document their decisions the right way.
Economic Events
Construction spending during September was estimated at a seasonally adjusted annual rate of $1,414.0 billion, 0.3% above the revised August estimate of $1,410.4 billion, the Census Bureau reported. The September figure is 1.5% above the September 2019 estimate of $1,393.3 billion. During the first nine months of this year, construction spending amounted to $1,058.5 billion, 4.1% above the $1,016.7 billion for the same period in 2019.
Market Mirror
Yesterday, the Dow climbed 423.45 points (1.60%) to 26,925.05, the NASDAQ was up 46.02 points (0.42%) at 10,957.61, and the S&P 500 closed 40.28 points (1.23%) higher at 3,310.24. The Russell 2000 increased 7.02 points (0.45%) to 1,568.59, and the Wilshire 5000 gained 403.62 points (1.20%) to finish at 34,128.43.

The price of the 10-year Treasury note was up 3/32, decreasing its yield to 0.848%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 1.617%.
Compliance
Allstate Sued Over TDFs Offered in 401(k)
The lawsuit says the target-date funds had underperformed since they were created and resulted in a loss of $65 million for the plan.
Products
Mercer Intends to Launch PEP in 2021
Recordkeeping for the new pooled employer plan will be provided by Empower Retirement.
Small Talk
ON THIS DATE: In 1796, John Adams was elected the 2nd U.S. President. In 1911, Chevrolet Motor Car Company was founded by Louis Chevrolet and William C. Durant. In 1957, the Soviet Union launched the first animal into space—a dog name Laika—aboard the Sputnik 2 spacecraft. In 1964, residents of the District of Columbia cast their ballots in a presidential election for the first time. In 1975, “Good Morning America” premiered on ABC-TV. In 1986, the Ash-Shiraa, pro-Syrian Lebanese magazine, first broke the story of U.S. arms sales to Iran to secure the release of seven American hostages. The story turned into the Iran-Contra affair. In 1992, Carol Moseley-Braun became the first African-American woman U.S. senator. In 2005, Walt Disney Pictures released “Chicken Little.” It was the first Disney film completely created with computer animation. In 2014, One World Trade Center officially opened in New York City, on the site of the Twin Towers.
TUESDAY TRIVIA: Which popular traditional “Christmas” song was not written about or for Christmas?
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