May 28th, 2020 Insight on Plan Design & Investment Strategy Every Weekday Cover The Road Ahead What plan ­sponsors should ­evaluate once the immediate crisis ends. PLANSPONSOR Webinar Series Reframing Employee and Retirement Plan Participant Communication PLANSPONSOR’s Plan Progress webinar series is designed to help you develop better or more advanced plan governance and design, with the goal of improving outcomes for retirement plan participants. Join us TODAY for our first monthly event—a discussion about what’s included in the DOL’s final rule for electronic disclosures and how to re-evaluate communication to participants considering data analytics, participant preferences and multimedia campaigns. Most Read Compliance DOL Offers Guidance for Locating Missing Participants 2020 Recordkeeping Survey Administration The Mechanics of Moving to a PEP Market Mirror Wednesday, the Dow climbed 553.16 points (2.21%) to 25,548.27, the NASDAQ was up 72.14 points (0.77%) at 9,412.36, and the S&P 500 increased 44.36 points (1.48%) to 3,036.13. The Russell 2000 gained 43.28 points (3.11%) to finish at 1,436.36, and the Wilshire 5000 closed 469.78 points (1.54%) higher at 30,887.26. The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.697%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 1.454%. Opinions An Inclusive Approach to Setting (or Resetting) a Financial Wellness Program Warren Cormier, with the DCIIA Retirement Research Center, discusses how financial wellness programs can evolve to better engage employees and address their present-day realities and concerns. Compliance JPMorgan Chase to Pay $9 Million to Settle 401(k) Self-Dealing Suit The suit claimed conflicts of interest damaged net-of-fee performance. Benefits The Future of Telehealth Is Uncertain The CARES Act allows telehealth services to be included under HDHPs until December 31, 2021, and some are hopeful that will be extended. Small Talk ON THIS DATE: In 1892, the Sierra Club was organized in San Francisco. In 1928, Chrysler Corporation merged with Dodge Brothers, Inc. In 1957, National League Baseball owners voted unanimously to allow the New York Giants and Brooklyn Dodgers to move to San Francisco and Los Angeles, respectively. In 1961, Amnesty International, a human rights organization, was founded. SURVEY SAYS: The New York Times issued its summer reading list last week. It is time for our annual summer reading list survey as well. The thought behind a summer reading list is that people will take vacations and have more time to read; however, with financial insecurity, travel restrictions and health fears caused by the COVID-19 pandemic, summer may look different for many. This week, I’d like to know, do you still have vacation plans this summer, and do you expect to have more time to read this summer than you usually do? And I still want you to share suggestions for a summer reading list. 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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