March 10th, 2021 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Do DC Plan Participants Benefit From Increasing the RMD Age? Research finds that moving the age for required minimum distributions has little effect on accumulated savings, but participant behavior may change if the goal is to leave assets to heirs. Ask the Experts Lifetime Income Illustrations for 403(b) Plans With Annuities “We are a health care organization that sponsors an ERISA 403(b) plan that is recordkept by an insurance company. Our plan offers both annuities and mutual funds. I read recently that the SECURE Act requires an annual illustration of the annuity that could be purchased from plan assets. Since our recordkeeper already provides customized statements of the monthly benefit that their retirement plan account balance could purchase in the form of an annuity, is there any additional action we would need to take in this regard?” Most Read Research 2021 Recordkeeping Survey Benefits Giving Employees the Financial Wellness Help They Want Compliance DOL Clears Up Timing for Lifetime Income Illustrations SPONSORED BY: Pentegra A 3(16) Perspective : Putting Clients First  Interview with Richard W. Rausser, CPC, QPA, QKA Senior Vice President, Client Services Market Mirror Tuesday, the Dow was up 30.30 points (0.10%) at 31,382.74, the Nasdaq climbed 464.66 points (3.69%) to 13,073.83, and the S&P 500 increased 54.09 points (1.42%) to 3,875.44. The Russell 2000 gained 42.07 points (1.91%) to finish at 2,245.06, and the Wilshire 5000 closed 682.21 points (1.69%) higher at 40,996.21. The price of the 10-year Treasury note increased 28/32, bringing its yield down to 1.532%. The price of the 30-year Treasury bond climbed 1 28/32, decreasing its yield to 2.240%. Benefits Plan Sponsor Roundtable: The New Focus on Financial Wellness Plan sponsors discussed benefits they consider part of their financial wellness offerings that might not typically be viewed as such. Investing OCIOs Can Improve Pension Plan Funding Plan sponsors that are considering hiring an outsourced chief investment officer should examine its track record and operational qualifications. Small Talk One year after the COVID-19 pandemic forced states to issue stay-at-home orders and many employees started working remotely, a survey by Seyfarth at Work reveals what employees have missed and what they are looking forward to when they return to the office. The survey of more than 500 participants from companies of all sizes found employees most miss in-person and “grown-up” workplace conversations. Sixteen percent of employees said they miss the daily commute. Employees were also asked about what they expect from their companies and work in the future. ON THIS DATE: In 1785, Thomas Jefferson was appointed minister to France. He succeeded Benjamin Franklin. In 1848, the Senate ratified the Treaty of Guadalupe Hidalgo, which ended the war with Mexico. In 1876, the first discernible speech was transmitted over a telephone system when inventor Alexander Graham Bell summoned his assistant in another room by saying, “Mr. Watson, come here; I want you.” Bell had received a comprehensive telephone patent just three days before. In 1880, the Salvation Army arrived in the U.S. from England. In 1912, China became a republic after the overthrow of the Manchu Ch’ing Dynasty. In 1949, Nazi wartime broadcaster Mildred E. Gillars, also known as “Axis Sally,” was convicted in Washington, D.C. Gillars was convicted of treason and served 12 years in prison. In 1969, James Earl Ray pled guilty in Memphis, Tennessee, to the assassination of Martin Luther King Jr. Ray later repudiated the guilty plea and maintained his innocence until his death in April of 1998. WEDNESDAY WISDOM: “No man was ever wise by chance.”—Lucius Annaeus Seneca, Roman Stoic philosopher Industry Intel Roundup—Thought Leadership PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. SPONSORED BY: Vanguard All In: Understanding the Total Cost of Your Retirement Plan As fiduciaries, plan sponsors must be aware of the fees their participants are paying—and the impacts those fees have on participant outcomes. SPONSORED BY: MetLife Getting the Most Value From HSAs Employees believe an HSA program benefit will ease their stress and improve their well-being. SPONSORED BY: Fidelity Invesments The Impact of 2020 on Retirement How has 2020 affected the way we look at retirement? SPONSORED BY: BOK Financial Financial Wellness Programs Empower Employees Companies are embracing an educational approach as half of adults report feeling “financially anxious.” As employees grapple with financial stress being amplified by the pandemic, employers are responding by taking a holistic look at supporting their workforce’s entire financial picture. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise ©2021 Asset International Inc. All rights reserved. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850