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PLANSPONSOR NEWSDASH LOGO November 12th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Increasing Participant Trust in Retirement Plans and Sponsors
Increasing Participant Trust in Retirement Plans and Sponsors
Plan sponsors should tout the ways they are helping participants with their plan designs and good governance processes.
Events
Preparing for Audits and Correcting Mistakes
Facing an audit of your plan by the Department of Labor (DOL) or the IRS can be scary, but it doesn’t have to be a terrible experience. There are things plan sponsors can do to have plans that are audit-ready. Join PLANSPONSOR and retirement industry experts for a webinar in which you will learn what triggers an audit by the DOL or the IRS; what documentation plan sponsors need to have on file to prepare for a successful audit outcome; common mistakes the DOL and IRS find; and options for correcting mistakes.
Most Read
Compliance
Cybersecurity Risks Still Lurking for Retirement Plan Sponsors
Benefits
Employers Increasingly Interested in ICHRAs as a Health Benefit Offering
Administration
Rules for Retaining Benefit Plan Records
SPONSORED BY: Edelman Financial Engines
Protect Retirement Income for Your Participants - and Your Bottom Line
How you can help prevent participants from taking plan loans or hardship withdrawals
Market Mirror
Wednesday, the Dow was down 23.29 points (0.08%) at 29,397.63, the NASDAQ climbed 232.58 points (2.01%) to 11,786.43, and the S&P 500 closed 27.13 points (0.77%) higher at 3,572.66. The Russell 2000 was virtually unchanged at 1,736.94, and the Wilshire 5000 gained 311.57 points (0.85%) to finish at 36,866.12.

The bond market was closed for Veterans Day.
Compliance
Amway Faces Excessive Fee Lawsuit
Among other allegations, the complaint says defendants continued to offer certain funds in the plan despite the availability of alternative, lower-cost ones.
Data and Research
Vanguard Tests Approach to Decumulation: The ‘Dynamic Spending Rule’
Simply put, the strategy prescribes lowering spending following market declines to help preserve the balance of a portfolio, which, ostensibly, stands to benefit from market rebounds, Vanguard says.
Investing
Defined Benefit Plan Sponsors Should Reassess Their Investments
Willis Towers Watson offers 10 suggestions for DB plans for 2021.
SPONSORED BY: PIMCO
Building the Retirement Tier
The time has come for defined contribution plans to add a retirement tier – the investments, guidance and services needed…
Small Talk
ON THIS DATE: In 1859, the first flying trapeze act was performed by Jules Leotard at Cirque Napoleon in Paris, France. Leotard was also the designer of the garment that is named after him. In 1915, Theodore W. Richards, of Harvard University, became the first American to be awarded the Nobel Prize in chemistry. In 1940, Walt Disney released “Fantasia.” In 1946, the first drive-up banking facility opened at the Exchange National Bank in Chicago. In 1954, Ellis Island shut it doors after processing more than 12 million immigrants since opening in 1892. In 1979, President Jimmy Carter ordered a halt to all oil imports from Iran in response to 63 Americans being taken hostage at the U.S. embassy in Tehran, Iran, on November 4 of that year. In 1998, Daimler-Benz completed a merger with Chrysler to form Daimler-Chrysler AG.
SURVEY SAYS: For many companies, this is the time of year for performance appraisals. A recent report from XpertHR suggests employees should not be held to the same goals as before the pandemic hit, due to changing work situations and challenges such as virtual school and COVID-19-related concerns or diagnoses. This week, I’d like to know, do you think employers should adjust expectations for employees to reach goals because of the pandemic? And, how do you think the pandemic has affected performance generally? You may respond to this week’s survey by 6 p.m. Pacific time today.
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