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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
Compliance
EARN Act Clears Senate Finance Committee
Compliance
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
Compliance
SEC’s Proposed Climate Regulation Draws Support and Criticism
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.
SPONSORED BY: Newport Group
NQDC/Executive Benefit Plan Trends
Many of the country’s leading companies recently participated in the 2022 Newport/PLANSPONSOR Magazine Executive Benefit Survey. The results—including valuable insights on nonqualified deferred compensation (NQDC) plans—will be shared by experts from Newport retirement services and PLANSPONSOR during this informative webcast. The event will cover timely, important executive benefit topics, including: • The latest trends in plan design • New enrollment ideas to improve communication and participant engagement • The latest in investment options and benefit funding Each attendee will also receive a copy of Newport’s comprehensive analysis of this year’s NQDC survey.
Managing the DC Plan Investment Menu
Sponsored by Columbia Threadneedle Even if they have help, defined contribution plan sponsors have ultimate fiduciary responsibility for managing the funds on their plans’ investment menus. Participants’ preferences and needs for diversification and good performance, as well as costs, are all considerations in selecting and monitoring DC plan investments. Plan sponsors are also increasingly considering how to construct an investment lineup that can meet participants’ decumulation needs. Learn about the latest trends in investment menu design, as well as the Employee Retirement Income Security Act and regulatory duties plan sponsors are expected to follow.
SPONSORED BY: MetLife
Webinar: The Great Retirement Decision
Today, many employers are focused on the “Great Resignation.” However, there is another workplace priority that needs attention: the “Great Retirement Decision” – whether to take one’s accumulated savings as a paycheck or a perceived “pot of gold,” or some combination of the two. MetLife’s MetLife 2022 Paycheck or Pot of Gold Study shows the contrast between those who chose a lump sum and those who opted for guaranteed retirement income.1 In this webinar, our experts will discuss: • Do pre-retirees and retirees think it's valuable to have guaranteed retirement income? • Do retirees' experiences with taking a lump sum meet with their expectations? • How quickly do retirees deplete their lump sums? • How are different employee demographics faring as they approach retirement? • How can employers improve retirement outcomes for employees?
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