February 13th, 2020 Insight on Plan Design & Investment Strategy Every Weekday Data and Research 403(b) Plans Get Lifetime Income, Help With Education Expenses Right The PLANSPONSOR 2019 DC Survey suggests 403(b) plan sponsors, more so than DC plan sponsors overall, are stepping up to aid employees with these components of financial wellness. Administration Low Interest Rates, Coronavirus Deal Blow to DB Plan Funded Status Plans with the greatest exposure to equities will generally see the largest funded status declines, according to River and Mercantile. Most Read 1 CARES Act Passes Congress, Including Retirement Plan Relief 2 Retirement Plan Provisions Included in Senate’s Stimulus Package 3 Plan Sponsors Facing Difficult Decisions During Coronavirus Pandemic 4 Coronavirus-Related Distributions From 403(b) and Governmental 457(b) Plans 5 SECURE Act Eases Paths for DB Plans Market Mirror Wednesday, the Dow climbed 275.08 points (0.94%) to 29,551.42, the NASDAQ closed 87.02 points (0.90%) higher at 9,725.96, and the S&P 500 was up 21.70 points (0.65%) at 3,379.45. The Russell 2000 increased 11.86 points (0.71%) to 1,689.38, and the Wilshire 5000 gained 232.32 points (0.68%) to finish at 34,403.27. The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.636%. The price of the 30-year Treasury bond decreased 6/32, bringing its yield up to 2.091%. Compliance Outdated Mortality Assumptions Case Survives Motion to Dismiss A U.S. District Judge's decision suggests pension plan sponsors should periodically review the reasonableness of actuarial assumptions used to calculate benefits. Products Bank of America Rolls Out Financial Life Benefits Suite The suite is designed to help employees achieve financial control and plan for retirement, says Lorna Sabbia, Bank of America. Small Talk ON THIS DATE: In 1889, Norman Coleman became the first U.S. Secretary of Agriculture. In 1914, the American Society of Composers, Authors and Publishers (known as ASCAP) was formed in New York City. The society was founded to protect the copyrighted musical compositions of its members. In 1935, in Flemington, New Jersey, a jury found Bruno Richard Hauptmann guilty of the kidnapping and death of the infant son of Charles and Anne Lindbergh. In 1945, during World War II, Allied aircraft began bombing the German city of Dresden. In 1965, 16-year-old Peggy Fleming won the ladies senior figure skating title at Lake Placid, New York. In 1990, in Ottawa, the United States and its European allies forged an agreement with the Soviet Union and East Germany on a two-stage formula to reunite Germany. In 2000, Charles M. Schulz’s last original Sunday “Peanuts” comic strip appeared in newspapers. Schulz had died the day before. In 2002, former New York mayor Rudolph Giuliani received an honorary knighthood from Queen Elizabeth II. SURVEY SAYS: Survey results I recently read suggest resting your eyes is the top productivity boost at work. This week, I’d like to know, do you hit a slump during your work day, and if so, what do you do to rejuvenate yourself? 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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