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PLANSPONSOR NEWSDASH LOGO September 1st, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
State and Local Government Workers’ Annuity Preferences
Virtually all state and local workers are offered a single- and joint-life annuity, while about 40% are offered a period certain annuity and about 30% can select a lump-sum option.
Ask the Experts
Why Does a 457(b) Plan Not Need Fidelity Bond Coverage?
“I work in the benefits department of a private health care provider. Our 403(b) and 401(a) plans have fidelity bond coverage, but our 457(b) plan does not. Should I be concerned about this?”
Most Read
Participants
What Participants Want From Employers’ Retirement Plan Websites
Research
2021 Recordkeeping Survey
Inside Angle
DOL’s Next Moves
Economic Events
The Conference Board Consumer Confidence Index declined in August, following a decrease in July (a downward revision). The Index now stands at 113.8 (1985=100), down from 125.1 in July. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—fell to 147.3 from 157.2 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—fell to 91.4 from 103.8.
Market Mirror
Tuesday, the Dow closed 39.11 points (0.11%) lower at 35,360.73, the Nasdaq decreased 6.66 points (0.04%) to 15,259.24, and the S&P 500 was down 6.11 points (0.13%) at 4,522.68. The Russell 2000 gained 7.78 points (0.34%) to finish at 2,273.77, and the Wilshire 5000 lost 66.96 points (0.14%) to finish at 46,979.61.

The price of the 10-year Treasury note was down 2/32, bringing its yield up to 1.302%. The price of the 30-year Treasury bond decreased 27/32, increasing its yield to 1.924%.
Data and Research
Sponsors Can Help Participants Incorporate a Financial Timeline to Reduce Debt
Experts say analyzing finances and creating a plan will likely help workers with their personal debt.
Investing
SDBA Balances Increase in 2021
Most participant assets were held in equities, followed by mutual funds.
Small Talk
ON THIS DATE: In 1878, Emma M. Nutt became the first female telephone operator in the U.S. The company was the Telephone Dispatch Company of Boston. In 1890, an act of Congress created Yosemite National Park. In 1924, future President James Earl (Jimmy) Carter was born in Plains, Georgia. In 1945, the U.S. received official word of Japan’s formal surrender that ended World War II.  In 1946, 12 high-ranking Nazis were sentenced to death by the International War Crimes Tribunal in Nuremberg. In 1952, the Ernest Hemingway novel “The Old Man and the Sea” was published. In 1961, New York Yankee Roger Maris became the first-ever major-league baseball player to hit more than 60 home runs in a single season. In 1970, the last episode of “I Dream of Jeannie” aired on NBC-TV. In 1972, America’s Bobby Fischer beat Russia’s Boris Spassky to become world chess champion. The chess match took place in Reykjavik, Iceland. In 1979, the U.S. Pioneer 11 became the first spacecraft to visit Saturn. In 1985, the Titanic was found by Dr. Robert Ballard and Jean Louis Michel in a joint U.S. and French expedition.
WEDNESDAY WISDOM: “Let us be grateful to the mirror for revealing to us our appearance only.”—Samuel Butler, English novelist
Industry Intel Roundup—Featured Webcasts
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
PLANSPONSOR 2021 Plan Progress Series: Considerations for Pension Risk Transfer
Sponsored by Securian Financial Pension risk transfer (PRT) activity has been increasing year over year, although it slowed somewhat during the COVID-19 pandemic. PRT can be an effective tool for plan sponsors to reduce risk and eliminate some liabilities, but it should be done in a cost-effective way.
SPONSORED BY: Charles Schwab
Post-COVID Insights From 401(K) Participants
In the wake of the pandemic, what are 401(k) participants’ specific wants and needs? How are they changing their approach to spending and saving? What are their top five must-have benefits? Tune in to a webinar hosted by Schwab Retirement Plan Services, Inc. for firsthand knowledge gleaned from an exclusive 401(k) Participant Survey. Register now – it’s an insightful 45 minutes you don’t want to miss
SPONSORED BY: Morningstar
Designing the Modern Retirement Plan During the COVID-19 Pandemic
The past 18 months have altered the workplace in ways we could never have anticipated. With the ongoing effects of the COVID-19 pandemic, increasingly tight labor market, and remote working environment, plan sponsors have been posed with the challenge of closely evaluating their retirement plan in order to help attract and retain talent. As we continue to navigate the pandemic and adapt to the long-term impacts of remote work, employees who no longer work from the office are seeking greater holistic, personalized financial advice from their employers.1 In this webinar, we’re going to discuss how the needs of employees are evolving and the implications this may have on the way you design and structure your retirement plan. Key discussion points include: Challenges plan sponsors have faced with engaging a remote workforce The growing trend of offering holistic financial solutions and personalized advice Designing retirement plans to be more effective decumulation vehicles
PLANSPONSOR 2021 Plan Progress Series: Benchmarking Your Recordkeeper
Selecting the best recordkeeper for retirement plan participants and monitoring that recordkeeper are part of a plan sponsor’s fiduciary duties. Consolidation in the industry has continued at a steady pace and recordkeepers compete with technology and other services, so it is getting more difficult for plan sponsors to discern the best choice for their plan from others.
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