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Insight on Plan Design & Investment Strategy Every Weekday
Deemed Distributions Can Be Triggered by More Than Just Loan Nonpayment
Deemed Distributions Can Be Triggered by More Than Just Loan Nonpayment
The IRS reminds retirement plan sponsors of rules that, if broken, can result in loan amounts being deemed distributions.
Deals and People
Who’s Still Working For You?: Plan Sponsor Council of America
In a series of articles, PLANSPONSOR is checking in with industry groups to see what work they have done, and will do, for retirement and health plan sponsors as the pandemic continues and beyond.
Most Read
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
Yesterday, the Dow was up 64.13 points (0.18%) at 35,741.15, the Nasdaq gained 136.51 points (0.90%) to finish at 15,226.71, and the S&P 500 increased 21.58 points (0.47%) to 4,566.48. The Russell 2000 climbed 21.37 points (0.93%) to 2,312.64, and the Wilshire 5000 closed 266.20 points (0.56%) higher at 47,548.06.The price of the 10-year Treasury note was unchanged, with its yield down at 1.633%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 2.082%.
EBSA Clarifies Timing for Lifetime Income
The agency says it understands there may need to be a transition period if its final rule significantly differs from its interim final rule.
Data and Research
Older Participants Are Increasing Exposure to TDFs
EBRI and ICI research finds the largest net movement toward target-date fund use over the period studied occurred among consistent 401(k) participants ages 40 and older.
Small Talk
ON THIS DATE: In 1825, the Erie Canal opened, connecting the Great Lakes with the Atlantic Ocean via the Hudson River. In 1858, H.E. Smith patented the rotary-motion washing machine. In 1881, the Earp brothers faced off against the Clanton-McLaury gang in a legendary shootout at the O.K. Corral in Tombstone, Arizona. In 1962, the Soviet Union made an offer to end the Cuban Missile Crisis by taking their missile bases out of Cuba if the U.S. agreed to not invade Cuba and would remove Jupiter missiles in Turkey. In 1970, “Doonesbury,” the comic strip by Gary Trudeau, premiered in 28 newspapers across the U.S. In 1984, “Baby Fae” was given the heart of baboon after being born with a severe heart defect. She lived for 21 days with the animal heart. In 1990, Wayne Gretzky became the first NHL player to reach 2,000 points. In 2001, President George W. Bush signed the Patriot Act, an anti-terrorism law drawn up in response to the attacks on the Pentagon and World Trade Center on September 11 of that year.

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