June 9th, 2020 Insight on Plan Design & Investment Strategy Every Weekday Benefits The Scope of Physical Wellness Programs Is Broadening The attention the COVID-19 pandemic has brought to mental and social well-being and the expansion of telemedicine services will transform employer wellness programs. Opinions COVID-19 Compliance Corner: New Requirements and Options for Health/Cafeteria Plans Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement and health plan sponsors. Most Read Compliance New Financial Audit Rule Increases Requirements for Plan Sponsors Research 2021 Recordkeeping Survey Compliance DOL Proposes New Rule on ESG Investing in Retirement Plans SPONSORED BY: PLANSPONSOR Access leading-edge industry ideas. Click here to learn more. Market Mirror Yesterday, the Dow gained 461.46 points (1.70%) to finish at 27,572.44, the NASDAQ was up 110.66 points (1.13%) at 9,924.75, and the S&P 500 increased 38.46 points (1.20%) to 3,232.39. The Russell 2000 climbed 84.83 points (5.84%) to 1,536.89, and the Wilshire 5000 closed 466.90 points (1.44%) higher at 32,992.21. The price of the 10-year Treasury note was up 3/32, decreasing its yield to 0.874%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 1.639%. Research Opportunity Calling DC Plan Sponsors to Participate in Our Research Through a partnership with Mercer, PLANSPONSOR has launched a short Pulse Survey on environmental, social and governance (ESG) investments in U.S.-based defined contribution (DC) plans. The questionnaire seeks to collect direct feedback from DC plan sponsors on how this emerging topic is influencing current thinking/actions. Whether or not ESG applies to your plan, we would appreciate DC plan sponsors investing 3-4 minutes to answer 11 quick-response questions on the topic. Respondents will be offered the opportunity to receive a complimentary advance copy of the final analysis/report, which will cover the past, present, and current state of ESG investing in institutional retirement plans. Responses will remain both anonymous and confidential and will only be reported in aggregate. The deadline for response is Friday, June 12. UpFront Layoffs or Furloughs? To the IRS, the difference matters. Data and Research Retirement-Age Households Show a ‘Chunk or Nothing’ Withdrawal Pattern Observing drawdown patterns can inform plan sponsors about how to design their plans to facilitate withdrawals and about what guidance participants need. Small Talk ON THIS DATE: In 1934, Donald Duck made his debut in the Silly Symphonies cartoon “The Wise Little Hen.” In 1943, the withholding tax on payrolls was authorized by Congress. In 1986, the Rogers Commission released a report on the space shuttle Challenger disaster. The report explained that the spacecraft blew up because of a failure in a solid rocket booster joint. In 2000, the House of Representatives voted to repeal gift and estate taxes. The bill called for the taxes to be phased out over 10 years. In 2011, the world’s first artificial organ transplant was performed. It was an artificial windpipe coated with stem cells. TRIVIAL PURSUITS: From where did ‘Live Well, Laugh Often and Love Much’ come? Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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