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PLANSPONSOR NEWSDASH LOGO October 15th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
The Importance of Extending Diversity to the Retirement Plan Committee
The Importance of Extending Diversity to the Retirement Plan Committee
With representation being top of mind in 2020, companies are reconsidering the makeup of their workforces.
Data and Research
Financial Wellness Program Trends Advance During Pandemic
Employers are offering help with emergency savings and debt, and employees are asking for more help with the selection of health and other benefits.
Most Read
Compliance
Contribution Limits Unchanged for 2021
Administration
Repositioning Financial Wellness and Retirement Benefits for 2021
Investing
Revisiting the DOL’s 2013 TDF Tips
Economic Events
The Producer Price Index for final demand advanced 0.4% in September, as prices for both final demand services and final demand goods also rose 0.4%, the Bureau of Labor Statistics reported. The final demand index increased 0.4% for the 12 months ended in September.
Market Mirror
Wednesday, the Dow lost 165.81 points (0.58%) to finish at 28,514.00, the NASDAQ closed 95.17 points (0.80%) lower at 11,768.73, and the S&P 500 decreased 23.26 points (0.66%) to 3,488.67. The Russell 2000 was down 15.89 points (0.97%) at 1,621.65, and the Wilshire 5000 fell 244.13 points (0.67%) to 36,014.90.

The price of the 10-year Treasury note increased 22/32, bringing its yield down to 0.728%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 1.504%.
Compliance
Settlement Reached in Insperity 401(k) Excessive Fee, Self-Dealing Suit
Among other things, the lawsuit accused Reliance Trust Co. of selecting funds for the plan that would benefit itself.
Opinions
Retirement Income: Spotlight on Annuities
Peg Knox, with the Defined Contribution Institutional Investment Association (DCIIA), discusses what plan sponsors should consider before implementing an income solution.
Small Talk
ON THIS DATE: In 1939, New York Municipal Airport was dedicated. The name was later changed to La Guardia Airport. In 1951, “I Love Lucy” premiered on CBS-TV. In 1966, President Lyndon B. Johnson signed a bill creating the Department of Transportation. In 1984, the Freedom of Information Act was passed. In 1993, South Africa’s President F.W. de Klerk and African National Congress President Nelson Mandela were named winners of the Nobel Peace Prize for their efforts to end the apartheid system in South Africa.
SURVEY SAYS: Just like with many other celebrations, the COVID-19 pandemic has put a wrench in the usual Halloween traditions. Last week, I asked whether you plan to participate in any Halloween traditions and whether you have any creative ideas for new ways to celebrate Halloween this year. Maybe it was too early to get a good number of responses, so the survey is still open. Please take a minute to share.
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