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Plan Document Restatements Essential to Retirement Plan Compliance
Plan Document Restatements Essential to Retirement Plan Compliance
As Cycle 3 for retirement plan restatements gets underway, sources discuss the purpose of document restatements and what happens if the deadline is missed.
2021 PLANSPONSOR NQDC Market Survey
The 2021 PLANSPONSOR NQDC Market Survey offers a list of providers, ranked by different criteria, including the number of Section 409A and Section 457 plans they serve, as well as by number of experts on staff.
Most Read
Defined Benefit Plans May Have New Life
Ask the Experts
Can an Alternate Payee Designate a Beneficiary?
Data and Research
Retirement Plan Provider Technology Investments Show Success
Economic Events
The Conference Board Consumer Confidence Index declined again in September, following decreases in both July and August. The Index now stands at 109.3 (1985=100), down from 115.2 in August. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—fell to 143.4 from 148.9 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—fell to 86.6 from 92.8.
Market Mirror
Tuesday, the Dow fell 569.38 points (1.63%) to 34,299.99, the Nasdaq lost 423.29 points (2.83%) to finish at 14,546.68, and the S&P 500 closed 90.48 points (2.04%) lower at 4,352.63. The Russell 2000 decreased 51.22 points (2.25%) to 2,229.78, and the Wilshire 5000 plunged 986.07 points (2.13%) to 45,313.66.

The price of the 10-year Treasury note was down 6/32, increasing its yield to 1.545%. The price of the 30-year Treasury bond fell 2 24/32, bringing its yield up to 2.099%.
Ask the Experts
Selecting a Normal Retirement Age in the Plan Document
“I work with a new 501(c)(3) organization that is starting up a 403(b) plan. In my review of the adoption agreement for my recordkeeper’s plan document, it asks me to select a ‘normal retirement age.’ Does it make a difference what age I select? Our plan is 100% vested in all contributions.”
What to Look For in an Advisory Relationship
Plan Sponsor of the Year award recipients discuss what they expect, and receive, from their advisers.
Wellness Coaching Service Launched by Gallagher
The Gallagher Money Coaching program aims to promote financial well-being and resiliency through personalized coaching.
Small Talk
While many in the science community have been focused on issues related to COVID-19, research has continued on items that aren’t related to the pandemic—or anything else in the news. For example, have you ever been grossed out by the thought of germs in the discarded gum you may have stepped on? Or maybe you’ve wondered why humans have evolved facial hair or beards. The 2021 Ig Nobel Prize winners have been announced.
ON THIS DATE: In 1789, a regular army was established by the U.S. War Department with several hundred men. In 1943, U.S. Gen. Dwight D. Eisenhower and Italian Marchal Pietro Badoglio signed an armistice aboard the British ship Nelson. In 1977, Eva Shain became the first woman to officiate a heavyweight title boxing match. In 1983, “A Chorus Line” with performance number 3,389 became the longest running show on Broadway. In 1988, Stacy Allison of Portland, Oregon, became the first American woman to reach the summit of Mount Everest. In 1995, voting rights advocate Willie Velasquez was posthumously awarded the Presidential Medal of Freedom. Velasquez and the organizations he founded are credited with dramatically increasing political awareness and participation among the Hispanic communities of the Southwestern United States. In 2008, after Congress failed to pass a $700 billion bank bailout plan, the Dow Jones Industrial Average fell 777.68 points—at the time, the largest single-day point loss in its history.

WEDNESDAY WISDOM: “We first make our habits, and then our habits make us.”—John Dryden, English poet
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