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PLANSPONSOR NEWSDASH LOGO October 27th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Total Benefits
New Support for HR Teams
New Support for HR Teams
Sponsors might find their plan adviser can do more than they think.
Compliance
Contribution Limits Unchanged for 2021
Most contribution and benefit limits for employer-sponsored plans remain unchanged for 2021, according to the IRS.
Most Read
Administration
Rules for Retaining Benefit Plan Records
Benefits
What Happens When Student Loan Payment Deferral Ends?
Compliance
Cybersecurity Risks Still Lurking for Retirement Plan Sponsors
SPONSORED BY: DIETRICH
Insured Solutions for Retirement Plans
Pension Risk Transfer Services for Retirement Plan Sponsors and their Advisers. Providing Lifetime Income Benefit options for a 401(k) or other Defined Contribution plans.
Economic Events
Sales of new single-family houses in September were at a seasonally adjusted annual rate of 959,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.5% below the revised August rate of 994,000, but is 32.1% above the September 2019 estimate of 726,000.
Market Mirror
Yesterday, the Dow fell 650.19 points (2.29%) to 27,685.38, the NASDAQ decreased 189.35 points (1.64%) to 11,358.94, and the S&P 500 closed 64.42 points (1.86%) lower at 3,400.97. The Russell 2000 was down 25.05 points (1.54%) at 1,605.21, and the Wilshire 5000 lost 668.68 points (1.87%) to finish at 35,124.69.

The price of the 10-year Treasury note increased 26/32, bringing its yield down to 0.803%. The price of the 30-year Treasury bond climbed 1 1/32, decreasing its yield to 1.595%.
Compliance
IRS Issues Guidance About Retirement Plan Accounts Transferred to Unclaimed Property Funds
A revenue ruling addresses income tax withholding and reporting, and a revenue procedure adds to the list of waivers of the 60-day rollover requirement.
Trump Administration to Look at Pensions Transferred to PBGC
A memorandum issued by the president first orders three departments to review the situation for Delphi retirees, then orders a review of pensions currently trusteed by the PBGC.
Participants
Introducing the Gen Z Gig Workforce
Younger employees are heading into freelance or gig work—whether that’s their first choice or not.
Small Talk
ON THIS DATE: In 1858, Roland Macy opened Macy’s Department Store in New York City. In 1858, future President Theodore Roosevelt was born in New York City. In 1904, the New York City subway opened. In 1962, negotiations between the United States and the Soviet Union finally resulted in a plan to end the two-week-old Cuban Missile Crisis. In 1978, Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin were named winners of the Nobel Peace Prize for their progress toward achieving a Middle East accord. In 2004, the Boston Red Sox won the World Series for the first time since 1918. In 2003, Bank of America Corp. announced it had agreed to buy FleetBoston Financial Corp. The deal created the second largest banking company in the U.S.
TUESDAY TRIVIA: What is the most common first name among U.S. presidents?
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