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PLANSPONSOR NEWSDASH LOGO October 8th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Benefits
Strategies for Employers to Keep Health Benefit Costs Down in 2021
Strategies for Employers to Keep Health Benefit Costs Down in 2021
Companies anticipate volatility in this expense, yet they can mitigate increases without sacrificing benefits or putting the onus on participants.
Industry Analysis
ESG and Responsible Investing
What might plan sponsors bear in mind in the short term regarding responsible investing?
Most Read
Compliance
Contribution Limits Unchanged for 2021
Compliance
House Committee Introduces ‘Securing a Strong Retirement Act of 2020’

2020 Recordkeeping Survey
SPONSORED BY: Athene
Optimizing pension risk transfer timing and execution
Discover how ongoing monitoring and analysis of the pricing environment may result in even more value during this period of market volatility than during periods of relative stability.
Market Mirror
Wednesday, the Dow gained 530.70 points (1.91%) to finish at 28,303.46, the NASDAQ closed 210.00 points (1.88%) higher at 11,364.60, and the S&P 500 increased 58.50 points (1.74%) to 3,419.45. The Russell 2000 was up 33.75 points (2.14%) at 1,611.04, and the Wilshire 5000 climbed 606.50 points (1.75%) to 35,180.06.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 0.788%. The price of the 30-year Treasury bond decreased 32/32, bringing its yield up to 1.584%.
Compliance
Dismissal Ruling in Salesforce ERISA Litigation Rejects Overly Broad Arguments
The ruling states that actively managed mutual funds and share classes that include revenue sharing can have their place in prudently run retirement plans.
Supreme Court Refuses to Hear Lawsuit Over Prohibited Transactions Related to a GIC
Whether Principal acts as a fiduciary when setting the crediting rate for its GIC goes back to a federal district court to decide.
Small Talk
The 2020 Ig Nobel Prize winners have been announced. Does the sound of someone chewing irritate you? If so, it is a newly diagnosed psychiatric disorder, honored at the 30th First Annual Ig Nobel Prize ceremony, on Thursday, September 17. Nienke Vulink, Damiaan Denys and Arnoud van Loon were awarded the Medicine Prize for diagnosing a long-unrecognized medical condition: Misophonia, the distress at hearing other people make chewing sounds. Other prizes included the Psychology Prize, given to researchers for devising a method to identify narcissists by examining their eyebrows.
ON THIS DATE: In 1956, Donald James Larsen (New York Yankees) pitched the first perfect game in the history of the World Series. In 1957, the Brooklyn Baseball Club announced that it had accepted a deal to move the Dodgers to Los Angeles. In 1993, the U.S. government issued a report absolving the FBI of any wrongdoing in its final assault in Waco, Texas, on the Branch Davidian compound. In 2001, the Office of Homeland Security was founded. Tom Ridge, former Governor of Pennsylvania, was sworn in as director. In 2003, Vietnam and the United States reached a tentative agreement that would allow the first commercial flights between the two countries since the end of the Vietnam War.
SURVEY SAYS: Just like with many other celebrations, the COVID-19 pandemic has put a wrench in the usual Halloween traditions. This week, I’d like to know, do you plan to participate in any Halloween traditions, and do you have any creative ideas for new ways to celebrate Halloween this year?You may respond to this week’s survey by 6 p.m. Pacific time today.
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