August 18th, 2020 Insight on Plan Design & Investment Strategy Every Weekday Administration Considering the Potential Future Volatility for Multiemployer Plans Whether a plan is in dire financial straits or not, many employers likely want to get out of them, but their options may come at high cost or present other issues. Events 2020 PLANSPONSOR National Conference With the unprecedented events of this year, the retirement plan community needs to work together to help individuals with their future finances now more than ever. PLANSPONSOR is excited to bring together a unique cross section of the retirement plan industry in its first virtual PLANSPONSOR National Conference! Whether you are new as a retirement plan sponsor or have years of experience, whether you work on the finance, treasury or human resource (HR) side of the plan, and whether your workforce has been hit hard by the events of this year or fared relatively well, the 2020 PLANSPONSOR National Conference has something for you! Join us live from September 21 through September 25! Most Read 2020 PLANSPONSOR National Conference 2020 Recordkeeping Survey Compliance Excessive Fee, Self-Dealing Charges Filed Against Pentegra-Sponsored MEP Market Mirror Yesterday, the Dow decreased 86.11 points (0.31%) to 27,844.91, the NASDAQ climbed 110.42 points (1.00%) to 11,139.73, and the S&P 500 was up 9.14 points (0.27%) at 3,381.99. The Russell 2000 closed 5.69 points (0.36%) higher at 1,585.47, and the Wilshire 5000 gained 154.22 points (0.45%) to finish at 34,632.24. The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.687%. The price of the 30-year Treasury bond increased 3/32, bringing its yield down to 1.435%. Compliance IRS Updates Model Rollover Notices to Reflect SECURE Act Changes The notice also clarifies that plan administrators are not required to provide a Section 402(f) notice to a recipient of a coronavirus-related distribution created by the CARES Act. LinkedIn Joins List of Plan Sponsors Targeted in Stream of Excessive Fee Suits The allegations are similar to other ERISA excessive fee suits, including a challenge to the use of the Fidelity Freedom Funds TDF series. Benefits Trump’s Payroll Tax Deferral Opens Questions About Social Security’s Future Whether there is a detrimental effect depends on what Congress does. Opinions Why Employers Should Consider a Dedicated HSA Provider James Denison, with HealthSavings, discusses how using a dedicated HSA provider can help employees better understand the mechanics of, and how to use, HSAs. Small Talk ON THIS DATE: In 1590, John White, the governor of the Roanoke Island colony in present-day North Carolina, returned from a supply-trip to England to find the settlement deserted. In 1894, the Bureau of Immigration was established by Congress. In 1920, Tennessee ratified the 19th Amendment to the United States Constitution. With Tennessee’s ratification, women were granted the right to vote. In 1966, the first pictures of earth taken from moon orbit were sent back to the U.S. In 1990, the first shots were fired by the U.S. in the Persian Gulf Crisis when a U.S. frigate fired rounds across the bow of an Iraqi oil tanker. In 1997, Patrick Swayze received a star on the Hollywood Walk of Fame. TUESDAY TRIVIA: What requirement to vote was eliminated by Congress in 1856? Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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