October 21st, 2020 Insight on Plan Design & Investment Strategy Every Weekday Administration Repositioning Financial Wellness and Retirement Benefits for 2021 Plan sponsors can take steps now to make sure their plans are ready to meet fiduciary obligations and participants’ needs in the new year. Data and Research Views of Financial Resiliency Differ by Generation Plan sponsors can address all components needed to help employees feel financially secure in employer financial wellness programs and education. Most Read 1 Cybersecurity Risks Still Lurking for Retirement Plan Sponsors 2 Rules for Retaining Benefit Plan Records 3 What Happens When Student Loan Payment Deferral Ends? 4 House Committee Introduces ‘Securing a Strong Retirement Act of 2020’ 5 2020 Recordkeeping Survey SPONSORED BY: OneAmerica Choice and Simplicity Interview with Sandy McCarthy Economic Events Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,415,000, the Census Bureau reported. This is 1.9% above the revised August estimate of 1,388,000 and is 11.1% above the September 2019 rate of 1,274,000. Single-family housing starts in September were at a rate of 1,108,000; this is 8.5% above the revised August figure of 1,021,000. The September rate for units in buildings with five units or more was 295,000. Market Mirror Tuesday, the Dow gained 113.37 points (0.40%) to finish at 28,308.79, the NASDAQ increased 37.61 points (0.33%) to 11,516.49, and the S&P 500 climbed 16.20 points (0.47%) to 3,443.12. The Russell 2000 was up 4.08 points (0.25%) at 1,617.71, and the Wilshire 5000 closed 125.60 points (0.35%) higher at 35,538.99. The price of the 10-year Treasury note was down 2/32, increasing its yield to 0.792%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 1.598%. Compliance Advisers Can Spearhead Retirement Plan Committee Setup and Training Plan sponsors can trust advisers to help with committee decisions and training and expect input from ERISA attorneys. Ask the Experts What Types of Situations Does a ‘Mistake of Fact’ Plan Document Provision Cover? “I was reading my ERISA 403(b) plan document and came across a “mistake of fact” provision that permits employer contributions to be returned to the plan sponsor within a year of contribution. However, the plan does not define what constitutes a mistake of fact. Can the Experts clarify?” Investing Understanding the Types of Annuities Retirement Plans Can Use The goals of plan sponsors and participants will help determine which option is best. Small Talk ON THIS DATE: In 1797, “Old Ironsides,” the U.S. Navy frigate Constitution, was launched in Boston’s harbor. In 1944, during World War II, the German city of Aachen was captured by U.S. troops. In 1959, the Guggenheim Museum was opened to the public in New York City. In 1967, in Washington, D.C. nearly 100,000 people gathered to protest the American war effort in Vietnam. In 1980, the Philadelphia Phillies won their first World Series. In 1998, the New York Yankees set a major league baseball record of 125 victories for the regular and postseason combined. WEDNESDAY WISDOM: “With the new day comes new strength and new thoughts.”—Eleanor Roosevelt Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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