September 1st, 2020 Insight on Plan Design & Investment Strategy Every Weekday Compliance Few Divorcing Couples Explore QDROs Older couples and women, in particular, are often put at a retirement disadvantage when faced with a divorce, a GAO report finds. Opinions COVID-19 Compliance Corner: IRS Clarifies Rules for Delayed DB Plan Contributions Carol Buckmann, with Cohen & Buckmann P.C., explains legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement and health plan sponsors. Most Read Compliance DOL Releases Its First Cybersecurity Guidance 2020 Recordkeeping Survey 2021 Plan Sponsor of the Year Market Mirror Yesterday, the Dow lost 223.82 points (0.78%) to finish at 28,430.05, the NASDAQ closed 79.82 points (0.68%) higher at 11,775.46, and the S&P 500 decreased 7.70 points (0.22%) to 3,500.31. The Russell 2000 fell 16.47 points (1.04%) to 1,561.88, and the Wilshire 5000 was down 33.82 points (0.09%) at 35,807.76. The price of the 10-year Treasury note was up 1/32, bringing its yield down to 0.704%. The price of the 30-year Treasury bond increased 30/32, decreasing its yield to 1.468%. Compliance DOL Proposes Rule on Employee Benefit Plan Proxy Voting The proposal sets forth ‘permitted practices’ under which the plan fiduciary can adopt certain proxy voting policies and parameters, among other things. IRS Issues Guidance About the Payroll Tax Deferral The guidance defined the ‘applicable wages’ per pay period that qualify for the deferral, as well as how the Social Security tax must be paid back. Technical Ruling Clears UPS in ERISA Actuarial Equivalence Lawsuit The pro-defense ruling highlights the importance of exhausting potential administrative remedies before filing a lawsuit under ERISA. Small Talk ON THIS DATE: In 1890, an act of Congress created Yosemite National Park. In 1924, future President James Earl Carter was born in Plains, Georgia. In 1939, World War II began when Germany invaded Poland. In 1946, 12 high-ranking Nazis were sentenced to death by the International War Crimes Tribunal in Nuremberg. 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 1970, the last episode of “I Dream of Jeannie” aired on NBC-TV. In 1979, the U.S. Pioneer 11 became the first spacecraft to visit Saturn. In 1985, the Titanic was found by Dr. Robert Ballard and Jean Louis Michel in a joint U.S. and French expedition. TUESDAY TRIVIA: Who ran for president while in prison? Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!

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