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PLANSPONSOR NEWSDASH LOGO November 11th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Solutions for Missing Participants and Uncashed Checks
Until guidance is issued about transferring amounts to state unclaimed property funds, plan sponsors will have to rely on the limited guidance already given.
Administration
Continued Volatility Signals Poor Year for DB Plan Funded Status
Higher contributions can be expected in the future and asset allocation makes a difference, according to firms that track defined benefit plan funded status.
Most Read
Compliance
Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program
Compliance
The Basics of Terminating a DC Plan
Benefits
Pandemic Lowers Employer Health Care Costs for First Time in Decades
SPONSORED BY: American Century Investments
An ERISA Attorney’s Views on Target-Date Fund Selection
Brad Campbell opines on how ERISA protects fiduciaries—if they document their decisions the right way.
Market Mirror
Tuesday, the Dow gained 262.95 points (0.90%) to finish at 29,420.92, the NASDAQ closed 159.93 points (1.37%) lower at 11,553.86, and the S&P 500 was down 4.97 points (0.14%) at 3,545.53. The Russell 2000 climbed 31.97 points (1.88%) to 1,737.01, and the Wilshire 5000 decreased 38.87 points (0.11%) to 36,555.14.

The price of the 10-year Treasury note was down 23/32, increasing its yield to 0.954%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 1.743%.
Compliance
IRS Updates Mortality Tables for Calculation of RMDs
The agency says the purpose of the updates is to allow retirees to retain more savings in their accounts in case they live longer.
Ask the Experts
Governmental 403(b) Plan Notice of Investment Lineup Changes
I work for a public higher education institution that sponsors a 403(b) plan and is in the process of making changes to the plan’s investment lineup. Are there any federal or state laws requiring participant notification of these changes?”
Small Talk
ON THIS DATE: In 1831, Nat Turner, a slave and educated minister, was hanged in Jerusalem, Virginia, after inciting a violent slave uprising. In 1851, the telescope was patented by Alvan Clark. In 1889, Washington became the 42nd state of the United States. In 1918, World War I came to an end when the Allies and Germany signed an armistice. In 1921, exactly three years after the end of World War I, the Tomb of the Unknown Soldier was dedicated at Arlington Cemetery in Virginia during an Armistice Day ceremony presided over by President Warren G. Harding. In 1940, the Jeep made its debut. In 1972, the U.S. Army turned over its base at Long Bihn to the South Vietnamese army. The event symbolized the end of direct involvement in the Vietnam War by the U.S. military. In 1986, Sperry Rand and Burroughs merged to form “Unisys,” becoming the second largest computer company. In 1992, the Church of England voted to ordain women as priests. In 1993, in Washington, D.C., the Vietnam Women’s Memorial was dedicated to honor the more than 11,000 women who had served in the Vietnam War.
WEDNESDAY WISDOM: “If you steal from one author it’s plagiarism; if you steal from many it’s research.”—Wilson Mizner, American playwright
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