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PLANSPONSOR NEWSDASH LOGO 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

2020 Defined Benefit Administration Survey
Ask the Experts
Clarification of Loan Repayment Delay Provisions of CARES Act
Compliance
Use of Fidelity Active Management Funds Questioned in Court
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
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