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Data and Research
How Will the PEP Market Develop in Early 2021?
How Will the PEP Market Develop in Early 2021?
One provider getting ready to launch a SECURE Act-enabled pooled employer plan on January 1 expects plan sponsor take-up to start slow but build significantly over time.
Data and Research
Regular Contributions Help Participants Reach Higher 401(k) Account Balances
An EBRI and ICI report finds contributions were the top factor increasing balances, more so than benefits paid or investment returns.
Most Read
2021 Recordkeeping Survey
Data and Research
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Market Mirror
Tuesday, the Dow lost 375.88 points (1.34%) to finish at 27,772.76, the NASDAQ closed 177.88 points (1.57%) lower at 11,154.60, and the S&P 500 decreased 47.66 points (1.40%) to 3,360.97. The Russell 2000 was down 4.67 points (0.30%) at 1,577.29, and the Wilshire 5000 fell 443.95 points (1.26%) to 34,673.49.

The price of the 10-year Treasury note was up 5/32, decreasing its yield to 0.739%. The price of the 30-year Treasury bond increased 1 25/32, bringing its yield down to 1.533%.
Supreme Court Asked to Review Sufficiency of Excessive Fee Imprudence Claims
In a case against Northwestern University, the petitioners ask whether allegations that a plan paid or charged its participants fees that exceeded fees for alternative available investment products are sufficient to state a claim.
Supreme Court Denies Review of PE Firm Withdrawal Liability Case
The denial lets stand an appellate court decision that two entities of Sun Capital Partners, which bought a firm that withdrew from a multiemployer plan, are not liable for unfunded vested benefits owed to the plan.
Ask the Experts
Can a 403(b) Be Added for HCE Deferrals to Help Pass Testing?
“I work with a health care organization that sponsors a 401(k) plan, which usually fails the actual deferral percentage (ADP) and actual contribution percentage (ACP) tests due to highly compensated medical staff and administration. The sponsor would like to set-up a 403(b) plan in addition to its 401(k) plan to defer any excess contributions by highly-compensated employees to the 403(b) plan. Is this strategy allowable under ERISA and the Internal Revenue Code?”
Transamerica Debuts Student Loan Repayment Program
It enables sponsors to shift their benefits dollars to the retirement plan or to an employee’s student loan servicer.
Small Talk
ON THIS DATE: In 1868, Cornell University was inaugurated in Ithaca, New York. In 1913, for the first time, Henry Ford’s entire Highland Park automobile factory was run on a continuously moving assembly line when the chassis was added to the process. In 1949, East Germany was created when less than five months after Great Britain, the United States and France established the Federal Republic of Germany in West Germany, the Democratic Republic of Germany was proclaimed within the Soviet occupation zone. In 1950, the U.S.-led U.N. forces crossed the 38th parallel and entered North Korea. In 1968, the Motion Picture Association of America adopted the film-rating system that ranged from “G” to “X.” In 2001, a U.S.-led coalition begins attacks on Taliban-controlled Afghanistan with an intense bombing campaign by American and British forces. In 2003, actor Arnold Schwarzenegger was elected governor of California. In 2003, Randy Quaid received a star on the Hollywood Walk of Fame. In 2004, Billy Bob Thornton got a star on the Hollywood Walk of Fame.
WEDNESDAY WISDOM: “It is easy to sit up and take notice; what is difficult is getting up and taking action.”—Honoré de Balzac, French novelist and playwright
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