June 3rd, 2020 Insight on Plan Design & Investment Strategy Every Weekday Compliance Can the DOL Effectively Police Pension Fiduciary Breaches Alone? One attorney suggests the Supreme Court’s opinion in Thole v. U.S. Bank ‘pushes the ability of participants in a defined benefit pension to file suit practically to extinction,’ effectively leaving the Department of Labor (DOL) as the sole entity to police fiduciary misconduct by pension plan fiduciaries. Data and Research COVID-19 Has Made the Retirement System Weaker A working paper discusses how the pandemic has affected retirement plans and what needs to be done for the retirement system to emerge stronger. Most Read Compliance Rush of Litigation Against Retirement Plans Expected to Continue Compliance John Hancock Agrees to Procedural Changes in ERISA Suit Settlement Research 2021 Target-Date Fund Survey SPONSORED BY: Fidelity The Benefits Balancing Act Offering more benefits typically leads to recruitment success, but it’s not as simple when it comes to retention. Market Mirror Tuesday, the Dow climbed 267.63 points (1.05%) to 25,742.65, the NASDAQ closed 56.33 points (0.59%) higher at 9,608.38, and the S&P 500 increased 25.09 points (0.82%) to 3,080.82. The Russell 2000 was up 12.84 points (0.91%) at 1,418.21, and the Wilshire 5000 gained 257.75 points (0.83%) to finish at 31,365.87. The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.688%. The price of the 30-year Treasury bond decreased 30/32, bringing its yield up to 1.489%. Opinions Participant Communications Specific to the Pandemic Elizabeth Woodburn, with Buck, describes what elements DC plan sponsors may consider including in participant communications during the COVID-19 pandemic. Ask the Experts What Entities Can Sponsor a 457(b) Plan? “What entities can sponsor a 457(b) plan?” Products BCG Unveils Customized Buyout Price Monitoring Service The firm is also introducing a new corporate brand and website. Small Talk Employees are missing social connections with coworkers, but there are activities that can be done virtually to help preserve team culture. ON THIS DATE: In 1539, Hernando De Soto claimed Florida for Spain. In 1800, John Adams, the second president of the United States, became the first president to reside in Washington, D.C., when he took up residence at Union Tavern in Georgetown. In 1851, the New York Knickerbockers became the first baseball team to wear uniforms. In 1932, Lou Gehrig set a major league baseball record when he hit four consecutive home runs. In 1959, the first class graduated from the Air Force Academy in Denver, Colorado. In 1965, 120 miles above the earth, Major Edward H. White II opened the hatch of the Gemini 4 and stepped out of the capsule, becoming the first American astronaut to walk in space. In 1989, Chinese army troops positioned themselves to begin a sweep of Beijing to crush student-led pro-democracy demonstrations in Tiananmen Square. In 2017, The Amazing World of Dr. Seuss Museum opened in Springfield, Massachusetts. WEDNESDAY WISDOM: “Let us put our minds together and see what life we can make for our children.”—Sitting Bull Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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