December 3rd, 2020 Insight on Plan Design & Investment Strategy Every Weekday Research 2020 DC Survey: Plan Benchmarking The DC Plan Benchmarking report gathers data from thousands of plan sponsors about their plan design and administration, for the purpose of providing industry benchmarks. The survey is a study in contrasts yet demonstrates some surprisingly striking similarities among plans of various types and sizes. Opinions Barry’s Pickings: Round and Round We Go Michael Barry, president of O3 Plan Advisory Services LLC, discusses the political back and forth that occurs when administrations change, and the resulting lack of clear rules. Most Read Research 2021 Best in Class DC Providers Research 2021 Recordkeeping Survey Compliance Detailed Analysis of the Supreme Court’s Northwestern University Ruling Market Mirror Wednesday, the Dow closed 59.87 points (0.20%) higher at 29,883.79, the NASDAQ was down 5.74 points (0.05%) at 12,349.37, and the S&P 500 was up 656 points (0.18%) at 3,669.01. The Russell 2000 inched up 1.98 points (0.11%) to finish at 1,838.03, and the Wilshire 5000 increased 29.05 points (0.08%) to 38,223.33. The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.936%. The price of the 30-year Treasury bond decreased 5/32, bringing its yield up to 1.693%. Data and Research Majority of American Workers Are Stressed About Financial Futures The study from EBRI and Greenwald Research also found that employees are increasingly interested in retirement education or advice. Reducing the Number of External Asset Managers Could Cut Costs for Public Pensions However, researchers find that to maintain the best after-fee returns, pensions should carefully consider which managers to eliminate. Compliance DOL Reveals Changes to 2020 Form 5500 Modifications include updates in response to the SECURE Act. Administration Rollover Rules Between Different Plan Types Retirement plan sponsors need to understand IRS rules for rollovers and what they should consider before accepting one. Small Talk ON THIS DATE: In 1818, Illinois was admitted as the 21st state of the union. In 1828, Andrew Jackson was elected president of the United States. In 1833, Oberlin College in Ohio opened as the first truly coeducational school of higher education in the United States. In 1931, Alka Seltzer was sold for the first time. In 1947, the Tennessee Williams play “A Streetcar Named Desire” opened at Broadway’s Ethel Barrymore Theater. In 1967, 53-year-old Louis Washkansky received the first human heart transplant at Groote Schuur Hospital in Cape Town, South Africa. In 1973, Pioneer 10 sent back the first close-up images of Jupiter. In 1997, Pierce Brosnan received a star on the Hollywood Walk of Fame. In 1999, Tori Murden became the first woman to row across the Atlantic Ocean alone. It took her 81 days to reach the French Caribbean island of Guadeloupe from the Canary Islands. SURVEY SAYS: The pandemic put a hold on business travel and attendance of in-person conferences. With the promise of vaccines coming, there’s a sense that things will return to something like “business as usual” sometime next year. This week, I’d like to know, assuming safety precautions are still taken, when do you think it will be safe to attend in-person conferences again? You may respond to this week’s survey by 6 p.m. Pacific time today. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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