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PLANSPONSOR NEWSDASH LOGO September 22nd, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Health Savings Account Contributions, Distributions Declined During the Pandemic
Health Savings Account Contributions, Distributions Declined During the Pandemic
The EBRI HSA Database also shows very few account holders are investing their savings.
Ask the Experts
Allowing for After-Tax Contributions in a 401(a) Plan
“I read with great interest your Ask the Experts column on having an after-tax contribution feature in a 403(b) plan. I work for a public university that is considering adding after-tax contributions to both its 401(a) and 403(b) plans, as we do not have ACP testing in our plans, which might normally preclude having an after-tax contribution feature. The previous column provides all the info we need to evaluate adding a 403(b) after-tax contribution. However, is there anything different that we need to consider if we add the feature to our 401(a) plan?”
Most Read
Compliance
New Financial Audit Rule Increases Requirements for Plan Sponsors
Data and Research
Participants Missing the Full Match Remains a Big Problem
Compliance
Parties in Church Plan Lawsuit Finally Get Preliminary Approval of Settlement
SPONSORED BY: T. Rowe
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Retirement. Meet your match.
Economic Events
Privately‐owned housing starts in August were at a seasonally adjusted annual rate of 1,615,000, the Census Bureau reported. This is 3.9% above the revised July estimate of 1,554,000 and is 17.4% above the August 2020 rate of 1,376,000. Single‐family housing starts in August were at a rate of 1,076,000; this is 2.8% below the revised July figure of 1,107,000. The August rate for units in buildings with five units or more was 530,000.
Market Mirror
Tuesday, the Dow decreased 50.63 points (0.15%) to 33,919.84, the Nasdaq closed 32.50 points (0.22%) higher at 14,746.40, and the S&P 500 was down 3.54 points (0.08%) at 4,354.19. The Russell 2000 increased 3.98 points (0.18%) to 2,186.18, and the Wilshire 5000 was up 22.39 points (0.05%) at 45,326.44.

The price of the 10-year Treasury note and 30-year Treasury bond were each down 1/32, increasing their yields to 1.325% and 1.858%, respectively.
Compliance
Guam Sued for USERRA Violations
The Justice Department alleges that military employees who used ‘donated leave’ to avoid losing pay were denied pension contributions and credits that were due them.
Participants
401(k) Participant Transfer Activity Grew in August
Most transfers went from equity to fixed income, according to the Alight Solutions 401(k) Index report.
Small Talk
ON THIS DATE: In 1789, Congress authorized the office of Postmaster General. In 1862, President Abraham Lincoln issued a preliminary Emancipation Proclamation, which set a date for the freedom of more than 3 million enslaved in the United States and recast the Civil War as a fight against slavery. In 1927, in Chicago, Gene Tunney successfully defended his heavyweight boxing title against Jack Dempsey in the famous “long-count” fight. In 1961, President John F. Kennedy signed a congressional act that established the Peace Corps. In 1966, the U.S. lunar probe Surveyor 2 crashed into the moon. In 1969, Willie Mays, then with the San Francisco Giants, hit his 600th career home run.
WEDNESDAY WISDOM: “More business is lost every year through neglect than through any other cause.”—Rose Kennedy
Industry Intel Roundup—Featured Video
PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring videos from sources with authoritative knowledge about the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
SPONSORED BY: MetLife
How Lifetime Income Disclosures Impact Retirement
MetLife’s Roberta Rafaloff explains how retirement savings will look different to employees.
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