October 1st, 2020 Insight on Plan Design & Investment Strategy Every Weekday Rules/Regs Sponsors Can Hack-Proof Their Plan Organizations should have some defensive elements in place. Products TIAA Enhances Mobile Enrollment Experience The firm says the enhanced experience allows clients to quickly and securely enroll in their plans, change contributions, set investment strategy and update personal details. Most Read 1 Contribution Limits Unchanged for 2021 2 House Committee Introduces ‘Securing a Strong Retirement Act of 2020’ 3 Revisiting the DOL’s 2013 TDF Tips 4 2020 Recordkeeping Survey 5 COVID-19’s Effect on Retirement Savings Could Be Long-Lasting Market Mirror Wednesday, the Dow gained 329.04 points (1.20%) to finish at 27,781.70, the NASDAQ was up 82.26 points (0.74%) at 11,167.51, and the S&P 500 closed 27.53 points (0.83%) higher at 3,363.00. The Russell 2000 climbed 32.78 points (2.22%) to 1,507.69, and the Wilshire 5000 increased 255.38 points (0.75%) to 34,480.32. The price of the 10-year Treasury note decreased 3/32, bringing its yield up to 0.686%. The price of the 30-year Treasury bond fell 1 23/32, increasing its yield to 1.462%. Compliance Judge Rejects AT&T ERISA Suit Over Early Retirement Benefits U.S. Magistrate Judge Sallie Kim called the plaintiffs’ claims ‘both internally inconsistent and illogical.’ Investing Citing SECURE Act, More Advisers to Consider Adopting In-Plan Guarantees For their part, participants say they feel the pandemic has make their retirement savings more vulnerable. Small Talk ON THIS DATE: In 1890, an act of Congress created Yosemite National Park. In 1896, Rural Free Delivery (RFD) was established by the U.S. Post Office. In 1908, the Model T automobile was introduced by Henry Ford. The purchase price of the car was $850. In 1924, future President James Earl Carter was born in Plains, Georgia. In 1940, the Pennsylvania Turnpike opened as the first toll superhighway in the United States. In 1946, 12 high-ranking Nazis were sentenced to death by the International War Crimes Tribunal in Nuremberg. Seven others were sentenced to prison terms and three were acquitted. In 1961, New York Yankee Roger Maris became the first-ever major-league baseball player to hit more than 60 home runs in a single season. In 1962, Johnny Carson began his 29-year run hosting the “Tonight” show on NBC-TV. In 1971, Walt Disney World opened in Orlando, Florida. In 1979, the United States handed control of the Canal Zone over to Panama. In 1982, EPCOT (Experimental Prototype Community of Tomorrow) Center opened in Florida. The concept was planned by Walt Disney. In 2017, a gunman opened fire on a crowd attending the final night of a country music festival in Las Vegas, killing 58 people and injuring more than 800. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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