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PLANSPONSOR NEWSDASH LOGO September 21st, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Feature
2021 PLANSPONSOR National Conference
2021 PLANSPONSOR National Conference
In case you missed it, here’s a look into our 16th annual gathering.
Industry Analysis
Nontraditional Small Plans
For employer plans, all paths to retiree financial security are paved with payroll deferrals, whether into a traditional 401(k), 403(b) or—for small employers—a simplified employee pension plan (SEP), savings incentive match plan for employees (SIMPLE) or individual retirement account (IRA), among other options.U.S. Census Bureau data estimate that small businesses—those with fewer than 100 employees—account...
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Compliance
New Financial Audit Rule Increases Requirements for Plan Sponsors
Research
2021 Recordkeeping Survey
Data and Research
Participants Missing the Full Match Remains a Big Problem
SPONSORED BY: MFS Investment Management
When It Comes to Active Management, We Think Skill Matters. See Why.
Not all active managers are created equal, yet how can you separate skill from luck? See what attributes we believe separate skilled active managers from average ones. Given prospects for continued market volatility, it may be more important than ever.
Market Mirror
Yesterday, the Dow dropped 614.41 points (1.78%) to 33,970.47, the Nasdaq fell 330.07 points (2.19%) to 14,713.90, and the S&P 500 lost 75.26 points (1.70%) to finish at 4,357.73. The Russell 2000 closed 54.67 points (2.44%) lower at 2,182.20, and the Wilshire 5000 plunged 839.67 points (1.82%) to 45,304.04.

The price of the 10-year Treasury note increased 28/32, bringing its yield down to 1.309%. The price of the 30-year Treasury bond climbed 1 3/32, decreasing its yield to 1.852%.
Compliance
Another Excessive Fee Lawsuit Beats Dismissal Motions
The ruling rejects the defense’s dismissal motions and includes a detailed analysis of what is required for ERISA plaintiffs to prove standing based on allegations that average recordkeeping or investment fees may have been excessive.
Plan Fiduciaries Can’t Escape Lawsuit Over Investment in Aon CITs
Duty of prudence and prohibited transaction claims will move forward against the Centerra Group plan fiduciaries and Aon Hewitt, which also has to face a duty of loyalty claim.
SPONSORED BY: Pacific Life
Effective Communication in a Hybrid Work Environment
Join Alan Parisse and Lisa Casden for this on-demand 4-part series presented by Pacific Life
Small Talk
ON THIS DATE: In 1780, during the American Revolution, American General Benedict Arnold met with British Major John Andre to discuss handing over West Point to the British, in return for the promise of a large sum of money and a high position in the British army. The plot was foiled and Arnold, a former American hero, became synonymous with the word “traitor.” In 1893, Frank Duryea took what is believed to be the first gasoline- powered automobile for a test drive. In 1897, the New York Sun ran the “Yes, Virginia, there is a Santa Claus” editorial. It was in response to a letter from 8-year-old Virginia O’Hanlon. In 1949, Communist leaders proclaimed The People’s Republic of China. In 1970, “NFL Monday Night Football” made its debut on ABC-TV. In 1973, Henry Kissinger was confirmed by the U.S. Senate to become 56th Secretary of State. He was the first naturalized citizen to hold the office. In 1981, the Senate confirmed Sandra Day O’Connor to be the first female justice on the U.S. Supreme Court. In 1996, the board of all-male Virginia Military Institute voted to admit women.
TUESDAY TRIVIA: How did the U.S. get the nickname “Uncle Sam?”
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