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PLANSPONSOR NEWSDASH LOGO August 20th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Interest Rates a Factor for Crucial DB Valuation Decisions
Interest Rates a Factor for Crucial DB Valuation Decisions
It’s time for many plan sponsors to determine what rate they will use to calculate unfunded vested benefits, and they also should carefully consider whether to use legislation-provided funding relief.
Opinions
Best Practices From Behavioral Economics: Communicating in Times of Crisis
Behavioral biases in financial decisionmaking should be considered when conveying important plan-related messages to employees.
Most Read

2020 Recordkeeping Survey
Compliance
MGM Resorts Hit With 401(k) Plan Excessive Fee Suit

2019 Recordkeeping Survey
Market Mirror
Wednesday, the Dow was down 85.19 points (0.31%) at 27,692.88, the NASDAQ lost 64.38 points (0.57%) to finish at 11,146.46, and the S&P closed 14.93 points (0.44%) lower at 3,374.85. The Russell 2000 was up 2.29 points (0.15%) at 1,572.07, and the Wilshire 5000 decreased 150.17 points (0.43%) to 34,543.88.

The price of the 10-year Treasury note was down 2/32, increasing its yield to 0.686%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 1.426%.
Compliance
IRS Issues NPRM for Qualified Plan Loan Offset Amounts
The Tax Cuts and Jobs Act provided for an extension of the period a retirement plan participant has to roll over plan loan offset amounts in certain cases.
Products
Rebalance Builds 401(k) Product Aimed at Small Businesses
The tool offers investment strategies geared toward each plan participant. 
Participants
401(k) Investors Light on Trades in July
The movement from equities to fixed income continues, according to the Alight Solutions 401(k) Index.
Small Talk
ON THIS DATE: In 1619, the first enslaved Africans arrived in Jamestown in Virginia, setting the stage for slavery in North America. In 1741, Danish navigator Vitus Jonas Bering discovered Alaska. In 1964, a $1 billion anti-poverty measure was signed by President Lyndon B. Johnson. In 2010, the last American combat brigade exited Iraq after more than seven years after the U.S.-led invasion began.
SURVEY SAYS: Most retirement plan sponsors and providers would agree that participants generally do not read disclosures sent to them. With the new Department of Labor (DOL) rule allowing electronic delivery of plan disclosures, do you think more participants will pay attention to them? Also, plan sponsors and providers have reported that the number of participants who have dipped into their retirement savings accounts for financial help is not as large as expected. But, with Congress stalled on legislation that would provide greater unemployment benefits and another stimulus check, do you think that will change?You may respond to this week’s survey by 6 p.m. Pacific Time today.
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