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PSOY: Corporate 401(k) >$100MM–$250MM
PLANSPONSOR is pleased to announce the Plan Sponsor of the Year award winner in the Corporate 401(k) >$100MM–$250MM category—Phifer Inc. Read the expanded profile here.
PSOY: Corporate 401(k) >$50MM–$100MM
We are pleased to announce the Plan Sponsor of the Year award winner in the Corporate 401(k) >$50MM–$100MM category—Novaspect, Inc. Read the expanded profile here.
Most Read
EARN Act Clears Senate Finance Committee
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
Data and Research
K-12 Educators Prefer Advisers for Retirement Planning
Economic Events
The combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,441.1 billion, up 3.2% from June, but down 1.2% from July 2019, the Census Bureau reported.

Advance estimates of U.S. retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $537.5 billion, an increase of 0.6% from the previous month, and 2.6% above August 2019. Total sales for the June through August period were up 2.4% from the same period a year ago. Retail trade sales were up 0.1% from July, and 5.1% above last year. Nonstore retailers were up 22.4% from August 2019, while clothing and clothing accessories stores were down 20.4% from last year.
Market Mirror
Wednesday, the Dow was up 36.78 points (0.13%) at 28,032.38, the NASDAQ fell 139.86 points (1.25%) to 11,050.47, and the S&P 500 closed 15.71 points (0.46%) lower at 3,385.49. The Russell 2000 gained 14.17 points (0.92%) to finish at 1,552.33, and the Wilshire 5000 decreased 123.27 points (0.35%) to 34,683.13.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.697%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 1.460%.
Parties in Cornell 403(b) Excessive Fee Suit Announce Settlement
There was only one claim left in the lawsuit that was scheduled for trial to begin on September 29.
‘Free’ Plan Implementation Can Come With Big Costs
Andrew A. Adams, with Strategic Benefits Advisors, explains the unexpected near- and long-term costs that often arise when converting to a new plan provider.
Data and Research
Americans in Need of Retirement Planning Knowledge
A quiz reveals Americans lack understanding of retirement income planning risks, and plan sponsors can offer education and use plan design to help.
Products Launches New Edition of ‘Who’s the Employer eSource’
The eSource includes more than 30% new material from the previous edition and the material has been reorganized to make it easier to find what is needed.
Small Talk
ON THIS DATE: In 1787, the Constitution of the United States of America was signed by 38 of 41 delegates present at the conclusion of the Constitutional Convention in Philadelphia. In 1862, Confederate and Union troops in the Civil War clashed near Maryland’s Antietam Creek in the bloodiest single day in American military history. In 1911, the first transcontinental airplane flight started. It took C.P. Rogers 82 hours to fly from New York City to Pasadena, California. In 1937, at Mount Rushmore, Abraham Lincoln’s face was dedicated. In 1947, the first U.S. Secretary of Defense, James V. Forrestal, was sworn in to office. In 1961, the Minnesota Vikings debuted as a new National Football League (NFL) team. In 1972, “M*A*S*H” premiered on CBS-TV. 1976 – NASA unveiled the space shuttle Enterprise in Palmdale, CA. In 1983, Vanessa Williams, as Miss New York, became the first black woman to be crowned Miss America.
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