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PLANSPONSOR NEWSDASH LOGO December 9th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Is There a Place for ETFs in Retirement Plans?
Is There a Place for ETFs in Retirement Plans?
Exchange-traded funds offer benefits for both DB and DC plan investors, and, with advanced technology in recordkeeping systems, sources foresee a growing use of ETFs in DC plans.
Ask the Experts
Special Compensation Limit for Governmental Plans
I recently starting working for a public university that sponsors a 403(b) plan. I am familiar with the 401(a)(17) compensation limit ($285,000 in 2020, $290,000 in 2021). But someone here told me that there is actually a “special” 401(a)(17) limit that applies to certain employees. Sounds fishy to me; does it sound fishy to the Experts?”
Most Read
Compliance
DOL Offers Guidance for Locating Missing Participants

2020 Recordkeeping Survey
Administration
The Mechanics of Moving to a PEP
SPONSORED BY: PIMCO
The Time Has Come to Build the Retirement Tier
It’s time for defined contribution plans to create a retirement tier. Participants want control, flexibility and spending that matches income. Liquid, income-oriented strategies may best meet these preferences.
Market Mirror
Tuesday, the Dow increased 104.09 points (0.35%) to 30,173.88, the NASDAQ gained 62.84 points (0.50%) to finish at 12,582.77, and the S&P 500 was up 10.29 points (0.28%) at 3,702.25. The Russell 2000 climbed 26.53 points (1.40%) to 1,917.78, and the Wilshire 5000 closed 171.31 points (0.44%) higher at 38,864.24.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.921%. The price of the 30-year Treasury bond increased 26/32, bringing its yield down to 1.666%.
Compliance
Court Grants Dismissal of Rollins Inc. ERISA Challenge
A federal judge concluded that the plaintiffs have failed to exhaust potential administrative remedies.
Investing
Several Forces Will Drive Portfolio Positions for Institutional Investors
The pandemic, monetary policy and politics converge to drive changes to equity and fixed income allocations.
Data and Research
Taxes in Retirement Negligible for Bottom Four Quintiles of Americans
However, the top quintile will pay 11%, according to the Center for Retirement Research at Boston College.
Majority of Employers Looking at Revamping Retirement Benefits
They are also giving serious thought to implementing emergency savings features and allowing participants to choose between a variety of benefits, Willis Towers Watson found in a survey.
Small Talk
ON THIS DATE: In 1803, the 12th Amendment to the U.S. Constitution was passed by Congress. With the amendment, electors were directed to vote for a president and for a vice-president rather than for two choices for president. In 1884, Levant M. Richardson received a patent for the ball-bearing roller skate. In 1955, Sugar Ray Robinson knocked out Carl Olson and regained his world middleweight boxing title. In 1958, in Indianapolis, Indiana, Robert H.W. Welch Jr. and 11 other men met to form the anti-Communist John Birch Society. In 1960, Sperry Rand Corporation unveiled a new computer known as “Univac 1107.” In 1978, the first game of the Women’s Pro Basketball League (WBL) was played between the Chicago Hustle and the Milwaukee Does. In 1979, a commission of scientists declared that smallpox has been eradicated. In 1992, U.S. troops arrived in Mogadishu, Somalia, to oversee delivery of international food aid, in operation ‘Restore Hope’. In 2002, United Airlines filed for Chapter 11 bankruptcy after losing $4 billion in the previous two years. It was the sixth largest bankruptcy filing. In 2013, AMR Corporation and US Airways Group completed a merger and was listed on the NASDAQ as American Airlines Group, Inc.
WEDNESDAY WISDOM: “Wisdom is oftentimes nearer when we stoop than when we soar.”—William Wordsworth, English poet
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