January 14th, 2021 Insight on Plan Design & Investment Strategy Every Weekday Benefits What Employers Need to Know About HSAs Experts share eligibility requirements, tax treatment rules and allowable expenses for health savings accounts. Compliance DOL Offers Guidance for Locating Missing Participants Guidance in three parts offers suggested processes for DC plans and DB plans and reveals errors DOL staff should look for. Most Read Administration IRS Updates Life Expectancy Tables for Retirees Compliance Recent TDF Performance Lawsuits Raise Insurer Ire Ask the Experts Should Each Recordkeeper Use Its Own Plan Document? Economic Events The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% in December on a seasonally adjusted basis after rising 0.2% in November, the Bureau of Labor Statistics reported. The index for all items less food and energy increased 0.1% in December after rising 0.2% in the previous month. Real average hourly earnings increased 0.4% over the month of December, seasonally adjusted. Average hourly earnings increased 0.8% and CPI-U increased 0.4%. Real average weekly earnings increased 0.1% over the month. Market Mirror Wednesday, the Dow was down 8.22 points (0.03%) at 31,060.47, the NASDAQ closed 56.52 points (0.43%) higher at 13,128.95, and the S&P 500 increased 8.65 points (0.23%) to 3,809.84. The Russell 2000 lost 15.99 points (0.75%) to finish at 2,111.97, and the Wilshire 5000 was up 33.06 points (0.08%) at 40,338.06. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.093%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 1.826%. Administration Components of Annuity Pricing The costs of annuities depends on the type and the amount of flexibility. Products AICPA Provides Resource for Plan Sponsors to Evaluate Partial Plan Terminations An advisory describes what constitutes a partial plan termination as well as what steps plan sponsors need to take to fulfill their fiduciary duties if one has occurred. Small Talk ON THIS DATE: In 1639, in Hartford, Connecticut, the first constitution in the American colonies, the “Fundamental Orders,” was adopted by representatives of Wethersfield, Windsor, and Hartford. In 1784, the United States ratified a peace treaty with England ending the Revolutionary War. In 1943, Franklin D. Roosevelt became the first president to travel on official business by airplane. Roosevelt flew in a Boeing 314 Flying Boat dubbed the Dixie Clipper to a World War II strategy meeting with Winston Churchill at Casablanca in North Africa. In 1951, the first National Football League Pro Bowl All-Star Game was played in Los Angeles. In 1952, NBC’s “Today” show premiered. In 1954, the Hudson Motor Car Company merged with Nash-Kelvinator. The new company was called the American Motors Corporation. In 1972, NBC-TV debuted “Sanford & Son.” In 1973, the Miami Dolphins defeated the Washington Redskins in Super Bowl VII and became the first NFL team to go undefeated in a season. In 1999, the impeachment trial of President Bill Clinton began in Washington, D.C. In 2004, in St. Louis, a Lewis and Clark Exhibition opened at the Missouri History Museum. The exhibit featured 500 rare and priceless objects used by the Corps of Discovery. In 2005, a probe, from the Cassini-Huygens mission, sent back pictures during and after landing on Saturn’s moon Titan. SURVEY SAYS: Initial sales data from some pooled plan providers (PPPs) suggests pooled employer plans (PEPs) will grow in prominence. This will depend in part on how many employers have the desire and feel able to start a retirement plan for their employees, how many plan sponsors think administrative burdens will be decreased enough to warrant moving to a PEP, and whether PEPs truly are more cost efficient than single-employer plans as they have been promoted to be. This week, I’d like to know, do you think PEPs will grow in prominence over the years, and has your firm considered moving into a PEP? 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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