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PLANSPONSOR NEWSDASH LOGO October 19th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Administration
Consider Who Is Paying When Benchmarking Retirement Plan Fees
Consider Who Is Paying When Benchmarking Retirement Plan Fees
There is less risk when a plan sponsor pays retirement plan fees, but that doesn’t necessarily mean the benchmarking should be different than if participants pay.
Awards
Get Notified When Nominations Open
Each fall, PLANSPONSOR opens nominations for our annual Plan Sponsor of the Year and Retirement Plan Adviser of the Year awards. The best place to learn when the nominations open for these or any other awards programs is via our daily NewsDash and PLANADVISERDash email newsletters. However, if you would like to receive an email notifying you when nominations are open, please provide your information.
Most Read
Compliance
Effect of the Biden Administration on Health and Retirement Benefits
Compliance
Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program
Compliance
The Basics of Terminating a DC Plan
SPONSORED BY: AIG LIFE & RETIREMENT
Help Your Employees Navigate Public Service Student Loan Forgiveness.
AIG Retirement Services created a program that makes it simple – from eligibility to enrollment.
Economic Events
The combined value of distributive trade sales and manufacturers’ shipments for August, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,452.4 billion, up 0.6% from July, but down 0.4% from August 2019, the Census Bureau reported.

Advance estimates of U.S. retail and food services sales for September, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $549.3 billion, an increase of 1.9% from the previous month, and 5.4% above September 2019. Retail trade sales were up 1.9% from August, and 8.2% from last year. Nonstore retailers were up 23.8% from September 2019, while building material and garden equipment and supplies dealers were up 19.1% from last year.

Tomorrow, the Census Bureau will report about housing starts for September. Thursday, the Labor Department will issue its initial claims report, and the National Association of Realtors will report about existing home sales for September.
Market Mirror
Friday, the Dow closed 112.11 points (0.39%) higher at 28,606.31, the NASDAQ closed 42.32 points (0.36%) lower at 11,671.56, and the S&P 500 was virtually unchanged at 3,484.81. The Russell 2000 decreased 5.07 points (0.31%) to 1,633.81, and the Wilshire 5000 was down 33.23 points (0.09%) at 35,960.35.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.747%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 1.532%.

For the week ending October 16, The Dow was down 0.07%, the NASDAQ gained 0.79%, and the S&P 500 increased 0.22%. The Russell 2000 decreased 0.23%, and the Wilshire 5000 finished 0.22% higher.
Participants
Helping Employees With Financial Decisions During COVID-19
When the pandemic is financially and emotionally affecting employees, they need access to sound reasoning.
Data and Research
SERPs Less Prevalent but Still Offer Value
The latest information about supplemental executive retirement plans, and insights about plan trends, can be found in the Newport/PLANSPONSOR 2020 Executive Benefit Survey report.
Products
Plan Providers Supplement Lifetime Income Projections
Concerned that lifetime income projections on participant statements may not be reliable, providers are offering more personalized online tools.
Deals and People
Retirement Industry People Moves
TRA acquires retirement solutions firm; Northern Trust lengthens partnership with Driehaus; and FAR joins Stanford Center on Longevity corporate affiliate program.
SPONSORED BY: AIG LIFE & RETIREMENT
Help Your Employees Own TheirFutures With Retirement Pathfinder®
AIG Retirement Services created an interactive tool that helps your employees get a personalized plan for retirement.
Small Talk
ON THIS DATE: In 1781, hopelessly trapped at Yorktown, Virginia, British General Lord Cornwallis surrendered 8,000 British soldiers and seamen to a larger Franco-American force, effectively bringing an end to the American Revolution. In 1933, basketball was introduced to the 1936 Olympic Games by the Berlin Organization Committee. In 1937, “Woman’s Day” was published for the first time. In 1944, the U.S. Navy announced that black women would be allowed into Women Accepted for Volunteer Emergency Service (WAVES). In 1983, the Senate approved a bill establishing a national holiday in honor of Martin Luther King Jr. In 1987, the Dow Jones industrial average dropped 508 points. It was the worst one-day percentage decline, 22.6%, in history.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Do you plan to participate in any Halloween traditions, and do you have any creative ideas for new ways to celebrate Halloween this year?” Decorating their homes (513%) was the most common Halloween tradition in which respondents plan to participate—probably one of the safest. Nearly one-third (32.4%) said they wouldn’t participate in any. Nearly three-in-10 (29.7%) indicated they would be participating in a modified form of trick-or-treating; 16.2% selected “picking pumpkins,” “carving pumpkins” and “small party.” Some responding readers shared good ideas they have for celebrating Halloween in 2020. Several readers who left comments said they didn’t anticipate having children show up to trick-or-treat this year. Others said something should be done for Halloween to give children some kind of “normalcy” in this unusual year. Some readers are going to miss certain traditions, and one said, “I just can’t get into the mood for our normal Halloween traditions.” Editor’s Choice goes to the reader who said: “Everything about 2020 is scary. Hurricanes, COVID, killer wasps, etc. Shouldn’t take too much effort to be scary this year.” A big thank you to all who participated in our survey!
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